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 purchased a new stake in Alpha Metallurgical Resources, Inc. (NYSE:AMR - Free Report) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 12,195 shares of the energy company's stock, valued at approximately $1,527,000. Quantbot Technologies LP owned about 0.09% of Alpha Metallurgical Resources at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. GAMMA Investing LLC lifted its stake in Alpha Metallurgical Resources by 11,100.3% in the first quarter. GAMMA Investing LLC now owns 34,945 shares of the energy company's stock valued at $4,377,000 after acquiring an additional 34,633 shares during the last quarter. Mutual Advisors LLC bought a new position in shares of Alpha Metallurgical Resources in the first quarter valued at about $603,000. SG Americas Securities LLC raised its position in shares of Alpha Metallurgical Resources by 204.5% in the first quarter. SG Americas Securities LLC now owns 8,376 shares of the energy company's stock valued at $1,049,000 after purchasing an additional 5,625 shares during the period. DekaBank Deutsche Girozentrale raised its position in shares of Alpha Metallurgical Resources by 40.2% in the first quarter. DekaBank Deutsche Girozentrale now owns 1,385 shares of the energy company's stock valued at $173,000 after purchasing an additional 397 shares during the period. Finally, Federated Hermes Inc. raised its position in shares of Alpha Metallurgical Resources by 59,520.9% in the first quarter. Federated Hermes Inc. now owns 25,637 shares of the energy company's stock valued at $3,211,000 after purchasing an additional 25,594 shares during the period. Institutional investors and hedge funds own 84.29% of the company's stock.

Analyst Ratings Changes

AMR has been the topic of several research analyst reports. Wall Street Zen raised shares of Alpha Metallurgical Resources from a "sell" rating to a "hold" rating in a research report on Saturday, August 16th. 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 research report on Monday, August 11th. Finally, B. Riley dropped their price objective on shares of 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. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, Alpha Metallurgical Resources has an average rating of "Hold" and an average target price of $160.50.

Alpha Metallurgical Resources Stock Up 2.4%

Shares of Alpha Metallurgical Resources stock opened at $141.4190 on Friday. Alpha Metallurgical Resources, Inc. has a twelve month low of $97.41 and a twelve month high of $255.04. The company has a 50-day simple moving average of $124.69 and a two-hundred day simple moving average of $128.43. The stock has a market capitalization of $1.85 billion, a price-to-earnings ratio of -49.62 and a beta of 0.59.

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

Insider Activity

In other Alpha Metallurgical Resources news, CFO Joshua Todd Munsey sold 2,135 shares of Alpha Metallurgical Resources stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $157.00, for a total value of $335,195.00. Following the completion of the sale, the chief financial officer owned 4,466 shares in the company, valued at $701,162. The trade was a 32.34% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Jason E. Whitehead sold 12,004 shares of Alpha Metallurgical Resources stock in a transaction dated Tuesday, August 12th. The stock was 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 of the company's stock, valued at $1,565,478.32. This trade represents a 55.38% decrease in their position. The disclosure for this sale can be found here. 16.00% of the stock is owned by 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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