Fuller & Thaler Asset Management Inc. Has $17.06 Million Stock 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. increased its position in Alpha Metallurgical Resources, Inc. (NYSE:AMR - Free Report) by 50.9% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 136,217 shares of the energy company's stock after buying an additional 45,934 shares during the period. Fuller & Thaler Asset Management Inc. owned 1.04% of Alpha Metallurgical Resources worth $17,061,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP increased its holdings in Alpha Metallurgical Resources by 4.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 736,379 shares of the energy company's stock worth $147,366,000 after buying an additional 28,225 shares during the last quarter. American Century Companies Inc. grew its holdings in Alpha Metallurgical Resources by 6.3% during the first quarter. American Century Companies Inc. now owns 381,450 shares of the energy company's stock valued at $47,777,000 after purchasing an additional 22,444 shares during the last quarter. Northern Trust Corp grew its holdings in Alpha Metallurgical Resources by 6.0% during the fourth quarter. Northern Trust Corp now owns 121,652 shares of the energy company's stock valued at $24,345,000 after purchasing an additional 6,905 shares during the last quarter. Goehring & Rozencwajg Associates LLC grew its holdings in Alpha Metallurgical Resources by 2.6% during the first quarter. Goehring & Rozencwajg Associates LLC now owns 73,689 shares of the energy company's stock valued at $9,212,000 after purchasing an additional 1,889 shares during the last quarter. Finally, Hosking Partners LLP grew its holdings in Alpha Metallurgical Resources by 8.7% during the first quarter. Hosking Partners LLP now owns 60,014 shares of the energy company's stock valued at $7,517,000 after purchasing an additional 4,794 shares during the last quarter. Institutional investors and hedge funds own 84.29% of the company's stock.

Analyst Upgrades and Downgrades

AMR has been the topic of several analyst reports. B. Riley lowered their price target on Alpha Metallurgical Resources from $173.00 to $171.00 and set a "buy" rating on the stock in a report on Tuesday, August 5th. Jefferies Financial Group increased their price target on Alpha Metallurgical Resources from $110.00 to $150.00 and gave the company a "hold" rating in a report on Monday, August 11th. Finally, Wall Street Zen upgraded Alpha Metallurgical Resources from a "sell" rating to a "hold" rating in a report on Saturday, August 16th. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $160.50.

Insider Buying and Selling at Alpha Metallurgical Resources

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

Alpha Metallurgical Resources Stock Performance

Shares of AMR traded up $4.7350 during mid-day trading on Monday, hitting $146.1650. The company's stock had a trading volume of 120,369 shares, compared to its average volume of 335,954. Alpha Metallurgical Resources, Inc. has a one year low of $97.41 and a one year high of $255.04. The firm has a market capitalization of $1.91 billion, a PE ratio of -51.25 and a beta of 0.59. The stock's 50-day moving average is $124.69 and its two-hundred day moving average is $127.68.

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

About Alpha Metallurgical Resources

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.