Quantbot Technologies LP Purchases Shares of 12,195 Alpha Metallurgical Resources, Inc. $AMR

Key Points

• Quantbot Technologies LP acquired 12,195 shares of Alpha Metallurgical Resources, valued at approximately $1.5 million, representing about 0.09% ownership of the company.
• In a recent shift in analyst ratings, Wall Street Zen upgraded Alpha Metallurgical Resources from a "sell" to a "hold," while Jefferies Financial Group raised its price target from $110 to $150, indicating a generally stable outlook for the stock.
• Alpha Metallurgical Resources stock has seen fluctuations, with a twelve-month range between $97.41 and $255.04, and it recently reported a quarterly EPS of ($0.38), outperforming estimates substantially.

Quantbot Technologies LP bought a new stake in Alpha Metallurgical Resources, Inc. (NYSE:AMR - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 12,195 shares of the energy company's stock, valued at approximately $1,527,000. Quantbot Technologies LP owned 0.09% of Alpha Metallurgical Resources at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in AMR. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Alpha Metallurgical Resources in the first quarter valued at about $5,035,000. Jacobs Levy Equity Management Inc. acquired a new position in Alpha Metallurgical Resources in the fourth quarter valued at about $6,958,000. GAMMA Investing LLC raised its position in shares of Alpha Metallurgical Resources by 11,100.3% during the first quarter. GAMMA Investing LLC now owns 34,945 shares of the energy company's stock worth $4,377,000 after purchasing an additional 34,633 shares during the period. Nomura Holdings Inc. raised its position in shares of Alpha Metallurgical Resources by 1,706.0% during the fourth quarter. Nomura Holdings Inc. now owns 30,702 shares of the energy company's stock worth $6,144,000 after purchasing an additional 29,002 shares during the period. Finally, Dimensional Fund Advisors LP raised its position in shares of Alpha Metallurgical Resources by 4.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 736,379 shares of the energy company's stock worth $147,366,000 after purchasing an additional 28,225 shares during the period. Institutional investors and hedge funds own 84.29% of the company's stock.

Alpha Metallurgical Resources Stock Down 0.2%

Shares of NYSE:AMR traded down $0.32 during mid-day trading on Thursday, reaching $145.30. 65,827 shares of the stock were exchanged, compared to its average volume of 334,702. The company has a market cap of $1.90 billion, a P/E ratio of -50.82 and a beta of 0.59. Alpha Metallurgical Resources, Inc. has a one year low of $97.41 and a one year high of $255.04. The stock's 50 day simple moving average is $126.56 and its 200-day simple moving average is $127.69.

Alpha Metallurgical Resources (NYSE:AMR - Get Free Report) last posted its quarterly earnings data 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 return on equity of 2.28% and a negative net margin of 1.57%.Alpha Metallurgical Resources's quarterly revenue was down 31.6% on a year-over-year basis. During the same period last year, the company earned $4.49 earnings per share. Analysts anticipate that Alpha Metallurgical Resources, Inc. will post 14.31 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Wall Street Zen raised Alpha Metallurgical Resources from a "sell" rating to a "hold" rating in a research report on Saturday, August 16th. B. Riley dropped their price target on Alpha Metallurgical Resources from $173.00 to $171.00 and set a "buy" rating on the stock in a research report on Tuesday, August 5th. Finally, Jefferies Financial Group raised their price target on Alpha Metallurgical Resources from $110.00 to $150.00 and gave the stock a "hold" rating in a research report on Monday, August 11th. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $160.50.

Insider Transactions at Alpha Metallurgical Resources

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

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.