Fuller & Thaler Asset Management Inc. Raises Position in Alpha Metallurgical Resources, Inc. $AMR

Key Points

• Fuller & Thaler Asset Management Inc. increased its stake in Alpha Metallurgical Resources, Inc. by 50.9%, owning 136,217 shares valued at approximately $17 million.
• Analysts have varied ratings on AMR, with Jefferies raising its price target from $110 to $150 and maintaining a "hold" rating, while the stock currently holds an average rating of "hold" with a target price of $160.50.
• In its recent earnings report, Alpha Metallurgical Resources reported a loss of ($0.38) EPS, surpassing analyst expectations of a larger loss, but revenues were down 31.6% year-over-year.

Fuller & Thaler Asset Management Inc. boosted its stake in Alpha Metallurgical Resources, Inc. (NYSE:AMR - Free Report) by 50.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 136,217 shares of the energy company's stock after buying an additional 45,934 shares during the quarter. Fuller & Thaler Asset Management Inc. owned approximately 1.04% of Alpha Metallurgical Resources worth $17,061,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Signaturefd LLC lifted its stake in Alpha Metallurgical Resources by 306.1% in the 1st quarter. Signaturefd LLC now owns 199 shares of the energy company's stock valued at $25,000 after buying an additional 150 shares in the last quarter. AdvisorNet Financial Inc lifted its stake in Alpha Metallurgical Resources by 214.3% in the 1st quarter. AdvisorNet Financial Inc now owns 220 shares of the energy company's stock valued at $28,000 after buying an additional 150 shares in the last quarter. Summit Securities Group LLC purchased a new position in Alpha Metallurgical Resources in the 1st quarter valued at about $38,000. Public Employees Retirement System of Ohio acquired a new stake in Alpha Metallurgical Resources in the 4th quarter valued at about $60,000. Finally, Opal Wealth Advisors LLC acquired a new stake in Alpha Metallurgical Resources in the 1st quarter valued at about $64,000. 84.29% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have commented on AMR. Jefferies Financial Group increased their price objective on shares of Alpha Metallurgical Resources from $110.00 to $150.00 and gave the company a "hold" rating in a report on Monday, August 11th. B. Riley cut their price objective on shares of Alpha Metallurgical Resources from $173.00 to $171.00 and set a "buy" rating for the company in a report on Tuesday, August 5th. Finally, Wall Street Zen upgraded shares of Alpha Metallurgical Resources from a "sell" rating to a "hold" rating in a report on Saturday. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $160.50.

Alpha Metallurgical Resources Price Performance

Shares of NYSE AMR opened at $136.6080 on Wednesday. The company has a 50 day simple moving average of $122.99 and a 200-day simple moving average of $128.95. The company has a market capitalization of $1.78 billion, a P/E ratio of -47.93 and a beta of 0.59. Alpha Metallurgical Resources, Inc. has a 1 year low of $97.41 and a 1 year high of $255.04.

Alpha Metallurgical Resources (NYSE:AMR - Get Free Report) last announced its quarterly earnings results on Friday, August 8th. The energy company reported ($0.38) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($2.38) by $2.00. The business had revenue of $550.27 million during the quarter, compared to the consensus estimate of $552.15 million. Alpha Metallurgical Resources had a negative net margin of 1.57% and a negative return on equity of 2.28%. The business's revenue was down 31.6% compared to the same quarter last year. During the same quarter last year, the firm earned $4.49 EPS. As a group, research analysts expect that Alpha Metallurgical Resources, Inc. will post 14.31 EPS for the current year.

Insider Buying and Selling

In other news, COO Jason E. Whitehead sold 12,004 shares of the firm's stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $161.84, for a total transaction of $1,942,727.36. Following the completion of the sale, the chief operating officer owned 9,673 shares in the company, valued at $1,565,478.32. This trade represents a 55.38% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Joshua Todd Munsey sold 2,135 shares of the firm's stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $157.00, for a total transaction of $335,195.00. Following the sale, the chief financial officer owned 4,466 shares of the company's stock, valued at $701,162. This represents a 32.34% decrease in their position. The disclosure for this sale can be found here. 16.00% of the stock is owned by company insiders.

Alpha Metallurgical Resources Company Profile

Alpha Metallurgical Resources, Inc, a mining company, produces, processes, and sells met and thermal coal in Virginia and West Virginia. The company offers metallurgical coal products. It operates twenty-two active mines and nine coal preparation and load-out facilities. The company was formerly known as Contura Energy, Inc and changed its name to Alpha Metallurgical Resources, Inc in February 2021.

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