Readystate Asset Management LP Makes New $394,000 Investment in Alpha Metallurgical Resources, Inc. (NYSE:AMR)

Readystate Asset Management LP purchased a new stake in shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 3,142 shares of the energy company's stock, valued at approximately $394,000.

Other large investors have also recently bought and sold shares of the company. Signaturefd LLC increased its position in Alpha Metallurgical Resources by 306.1% in the 1st quarter. Signaturefd LLC now owns 199 shares of the energy company's stock worth $25,000 after purchasing an additional 150 shares during the last quarter. New Age Alpha Advisors LLC bought a new stake in Alpha Metallurgical Resources during the 4th quarter valued at approximately $40,000. AdvisorNet Financial Inc boosted its stake in Alpha Metallurgical Resources by 214.3% during 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 period. PNC Financial Services Group Inc. boosted its stake in Alpha Metallurgical Resources by 127.6% during the 4th quarter. PNC Financial Services Group Inc. now owns 289 shares of the energy company's stock valued at $58,000 after purchasing an additional 162 shares during the period. Finally, Public Employees Retirement System of Ohio bought a new stake in shares of Alpha Metallurgical Resources in the 4th quarter worth approximately $60,000. 84.29% of the stock is owned by institutional investors and hedge funds.

Alpha Metallurgical Resources Stock Performance

AMR stock traded down $3.57 during midday trading on Friday, hitting $134.52. 272,098 shares of the company's stock were exchanged, compared to its average volume of 447,684. The stock's fifty day moving average price is $115.61 and its 200-day moving average price is $135.26. The company has a market cap of $1.76 billion, a PE ratio of 66.59 and a beta of 0.66. Alpha Metallurgical Resources, Inc. has a one year low of $97.41 and a one year high of $303.41.

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 for the quarter, missing analysts' consensus estimates of ($1.06) by ($1.54). The business had revenue of $531.96 million for the quarter, compared to analyst estimates of $586.15 million. Alpha Metallurgical Resources had a return on equity of 1.62% and a net margin of 1.01%. Alpha Metallurgical Resources's quarterly revenue was down 38.4% compared to the same quarter last year. During the same period last year, the firm earned $9.59 EPS. On average, analysts expect that Alpha Metallurgical Resources, Inc. will post 14.31 EPS for the current year.

Analyst Ratings Changes

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

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.