GSA Capital Partners LLP Takes $866,000 Position in Alpha Metallurgical Resources, Inc. (NYSE:AMR)

Key Points

• GSA Capital Partners LLP acquired 6,917 shares of Alpha Metallurgical Resources, Inc. for approximately $866,000, representing a small stake of 0.05% in the company as of the last quarter.
• Alpha Metallurgical Resources reported a quarterly earnings per share of ($2.60), missing analysts' estimates and showing a 38.4% year-over-year revenue decline, totaling $531.96 million.
• Wall Street analysts are showing mixed sentiments, with B. Riley lowering their price target to $173.00 while Jefferies initiated coverage with a "hold" rating at a $110.00 target.

GSA Capital Partners LLP purchased a new stake in shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 6,917 shares of the energy company's stock, valued at approximately $866,000. GSA Capital Partners LLP owned 0.05% of Alpha Metallurgical Resources as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Summit Investment Advisors Inc. boosted its stake in Alpha Metallurgical Resources by 6.8% during the fourth quarter. Summit Investment Advisors Inc. now owns 1,150 shares of the energy company's stock valued at $230,000 after buying an additional 73 shares during the last quarter. Bank of Montreal Can boosted its stake in Alpha Metallurgical Resources by 6.0% during the fourth quarter. Bank of Montreal Can now owns 1,318 shares of the energy company's stock valued at $264,000 after buying an additional 75 shares during the last quarter. AdvisorNet Financial Inc lifted its stake in shares of 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 purchasing an additional 150 shares during the last quarter. Signaturefd LLC lifted its stake in shares of 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 purchasing an additional 150 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC lifted its stake in shares of Alpha Metallurgical Resources by 2.1% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 7,586 shares of the energy company's stock valued at $1,518,000 after purchasing an additional 159 shares during the last quarter. Institutional investors own 84.29% of the company's stock.

Alpha Metallurgical Resources Stock Performance

AMR traded down $3.52 during trading on Friday, hitting $114.55. 327,860 shares of the stock were exchanged, compared to its average volume of 379,230. Alpha Metallurgical Resources, Inc. has a 1 year low of $97.41 and a 1 year high of $267.63. The firm has a 50 day simple moving average of $115.75 and a 200 day simple moving average of $132.91. The firm has a market cap of $1.49 billion, a price-to-earnings ratio of 56.71 and a beta of 0.59.

Alpha Metallurgical Resources (NYSE:AMR - Get Free Report) last announced its quarterly earnings results on Friday, May 9th. The energy company reported ($2.60) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($1.06) by ($1.54). Alpha Metallurgical Resources had a net margin of 1.01% and a return on equity of 1.62%. The company had revenue of $531.96 million during the quarter, compared to analysts' expectations of $586.15 million. During the same quarter in the prior year, the business posted $9.59 earnings per share. The company's revenue was down 38.4% compared to the same quarter last year. As a group, equities analysts anticipate that Alpha Metallurgical Resources, Inc. will post 14.31 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages recently issued reports on AMR. B. Riley decreased their price target on Alpha Metallurgical Resources from $181.00 to $173.00 and set a "buy" rating for the company in a research note on Tuesday, July 22nd. Jefferies Financial Group began coverage on Alpha Metallurgical Resources in a research note on Tuesday, July 1st. They set a "hold" rating and a $110.00 price target for the company. Finally, Wall Street Zen downgraded Alpha Metallurgical Resources from a "hold" rating to a "sell" rating in a report on Thursday, May 22nd.

Alpha Metallurgical Resources 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.