Quantbot Technologies LP Acquires New Position in Alpha Metallurgical Resources, Inc. $AMR

Key Points

• Quantbot Technologies LP initiated a position in Alpha Metallurgical Resources, purchasing 4,703 shares valued at approximately $776,000. Institutional investors collectively own 84.29% of the company.
• Alpha Metallurgical Resources reported a quarterly loss of $0.96 per share, narrowly beating estimates, while revenue fell 10.4% year over year to $421.29 million.
• Analyst sentiment remains cautious: six analysts rate the stock Hold and one rates it Sell, producing a consensus “Reduce” rating and an average price target of $176, below the stock’s reported $217.12 opening price.

Quantbot Technologies LP bought a new position in shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 4,703 shares of the energy company's stock, valued at approximately $776,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Los Angeles Capital Management LLC bought a new position in shares of Alpha Metallurgical Resources in the fourth quarter worth approximately $29,000. Caitong International Asset Management Co. Ltd raised its position in shares of Alpha Metallurgical Resources by 215.4% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 164 shares of the energy company's stock valued at $33,000 after purchasing an additional 112 shares during the period. Leonteq Securities AG purchased a new position in shares of Alpha Metallurgical Resources during the 1st quarter valued at $37,000. Aster Capital Management DIFC Ltd purchased a new position in shares of Alpha Metallurgical Resources during the 4th quarter valued at $45,000. Finally, Meeder Asset Management Inc. bought a new position in Alpha Metallurgical Resources in the 2nd quarter worth $49,000. Institutional investors own 84.29% of the company's stock.

Insider Buying and Selling

In related news, COO Jason E. Whitehead sold 3,901 shares of the stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $212.28, for a total transaction of $828,104.28. Following the completion of the transaction, the chief operating officer directly owned 10,450 shares of the company's stock, valued at approximately $2,218,326. This represents a 27.18% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Kenneth S. Courtis purchased 5,000 shares of the business's stock in a transaction on Tuesday, August 25th. The shares were purchased at an average price of $216.53 per share, with a total value of $1,082,650.00. Following the acquisition, the director directly owned 1,020,394 shares in the company, valued at $220,945,912.82. This represents a 0.49% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last three months, insiders have bought 30,000 shares of company stock worth $5,992,450. Corporate insiders own 18.20% of the company's stock.

Alpha Metallurgical Resources Stock Performance

Shares of NYSE AMR opened at $217.12 on Thursday. The company has a market cap of $2.75 billion, a P/E ratio of -60.65 and a beta of 0.65. Alpha Metallurgical Resources, Inc. has a 52-week low of $133.64 and a 52-week high of $253.82. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.37 and a current ratio of 3.41. The firm's fifty day moving average is $160.99 and its two-hundred day moving average is $181.02.

Alpha Metallurgical Resources (NYSE:AMR - Get Free Report) last released its quarterly earnings data on Friday, August 7th. The energy company reported ($0.96) EPS for the quarter, beating the consensus estimate of ($0.97) by $0.01. Alpha Metallurgical Resources had a negative net margin of 2.23% and a negative return on equity of 2.99%. The business had revenue of $421.29 million during the quarter, compared to the consensus estimate of $521.61 million. During the same quarter in the prior year, the firm earned ($0.38) EPS. The business's revenue was down 10.4% on a year-over-year basis. As a group, analysts anticipate that Alpha Metallurgical Resources, Inc. will post -2.4 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

AMR has been the topic of a number of recent analyst reports. Jefferies Financial Group reissued a "hold" rating and set a $160.00 price target on shares of Alpha Metallurgical Resources in a report on Tuesday, July 21st. Wall Street Zen lowered Alpha Metallurgical Resources from a "hold" rating to a "sell" rating in a research note on Saturday, August 8th. Zacks Research upgraded Alpha Metallurgical Resources from a "strong sell" rating to a "hold" rating in a research report on Wednesday, July 29th. B. Riley Financial decreased their target price on Alpha Metallurgical Resources from $189.00 to $185.00 and set a "neutral" rating on the stock in a research note on Thursday, August 20th. Finally, UBS Group began coverage on Alpha Metallurgical Resources in a report on Friday, July 10th. They issued a "neutral" rating and a $165.00 price target on the stock. Six equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Alpha Metallurgical Resources currently has an average rating of "Reduce" and a consensus target price of $176.00.

About Alpha Metallurgical Resources

Alpha Metallurgical Resources, Inc NYSE: AMR is a leading pure-play producer of high-grade metallurgical coal, primarily serving the global steelmaking industry. Headquartered in Bristol, Virginia, the company operates multiple underground and surface mining complexes across the central Appalachian and Illinois basins. Its production portfolio focuses on premium raw and semi-soft coking coal products tailored to meet the specifications of steel producers worldwide.

Formed in July 2021 through the spin-out of Contura Energy's metallurgical coal business, Alpha Metallurgical Resources has built a reputation for operational excellence and cost-efficient mining.

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