X Square Capital LLC Acquires New Position in Alpha Metallurgical Resources, Inc. $AMR

Key Points

• X Square Capital LLC acquired 5,530 shares of Alpha Metallurgical Resources in the second quarter, valued at approximately $912,000. Institutional investors collectively own 84.29% of the company.
• AMR shares opened at $210.91 after rising 8.5%, but the company reported a quarterly loss of $0.96 per share and revenue of $421.3 million, down 10.4% year over year and below analyst expectations.
• Analysts remain cautious, with six Hold ratings and one Sell rating producing a consensus “Reduce” rating and an average price target of $176, below the reported share price.

X Square Capital LLC bought a new position in Alpha Metallurgical Resources, Inc. (NYSE:AMR - Free Report) in the second quarter, according to its most recent filing with the SEC. The firm bought 5,530 shares of the energy company's stock, valued at approximately $912,000.

Several other large investors also recently bought and sold shares of the stock. Los Angeles Capital Management LLC acquired a new position in Alpha Metallurgical Resources during the 4th quarter valued at approximately $29,000. Caitong International Asset Management Co. Ltd lifted its stake in shares of Alpha Metallurgical Resources by 215.4% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 164 shares of the energy company's stock worth $33,000 after buying an additional 112 shares during the period. Leonteq Securities AG purchased a new stake in shares of Alpha Metallurgical Resources during the first quarter valued at $37,000. Aster Capital Management DIFC Ltd purchased a new stake in shares of Alpha Metallurgical Resources during the fourth quarter valued at $45,000. Finally, Meeder Asset Management Inc. acquired a new position in shares of Alpha Metallurgical Resources in the 2nd quarter valued at $49,000. Hedge funds and other institutional investors own 84.29% of the company's stock.

Alpha Metallurgical Resources Trading Up 8.5%

Shares of Alpha Metallurgical Resources stock opened at $210.91 on Friday. The stock has a market cap of $2.67 billion, a PE ratio of -58.91 and a beta of 0.65. The firm has a fifty day moving average price of $159.56 and a 200 day moving average price of $181.01. Alpha Metallurgical Resources, Inc. has a 1 year low of $133.64 and a 1 year high of $253.82. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.41 and a quick ratio of 2.37.

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

Wall Street Analysts Forecast Growth

A number of brokerages have commented on AMR. Jefferies Financial Group reaffirmed a "hold" rating and set a $160.00 price target on shares of Alpha Metallurgical Resources in a research report on Tuesday, July 21st. UBS Group assumed coverage on Alpha Metallurgical Resources in a report on Friday, July 10th. They issued a "neutral" rating and a $165.00 price objective on the stock. Wall Street Zen cut Alpha Metallurgical Resources from a "hold" rating to a "sell" rating in a research note on Saturday, August 8th. B. Riley Financial decreased their target price on Alpha Metallurgical Resources from $189.00 to $185.00 and set a "neutral" rating for the company in a report on Thursday. Finally, Zacks Research upgraded Alpha Metallurgical Resources from a "strong sell" rating to a "hold" rating in a research report on Wednesday, July 29th. Six equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Reduce" and a consensus price target of $176.00.

Insider Transactions at Alpha Metallurgical Resources

In related news, Director Kenneth S. Courtis bought 15,000 shares of the company's stock in a transaction that occurred on Thursday, August 20th. The shares were purchased at an average cost of $193.50 per share, with a total value of $2,902,500.00. Following the completion of the acquisition, the director directly owned 1,000,394 shares in the company, valued at approximately $193,576,239. The trade was a 1.52% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Jason E. Whitehead sold 3,901 shares of Alpha Metallurgical Resources stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $212.28, for a total value of $828,104.28. Following the transaction, the chief operating officer 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 SEC filing for this sale provides additional information. Company insiders own 18.20% of the company's stock.

Alpha Metallurgical Resources Profile

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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