Himension Capital Singapore PTE. LTD. purchased a new position in shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR – Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 5,321 shares of the energy company’s stock, valued at approximately $1,092,000.
A number of other hedge funds have also recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP raised its position in shares of Alpha Metallurgical Resources by 5.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 721,872 shares of the energy company’s stock valued at $148,192,000 after buying an additional 38,300 shares in the last quarter. Goehring & Rozencwajg Associates LLC increased its holdings in shares of Alpha Metallurgical Resources by 206.8% during the first quarter. Goehring & Rozencwajg Associates LLC now owns 242,039 shares of the energy company’s stock worth $49,683,000 after buying an additional 163,144 shares in the last quarter. NWF Advisory Services Inc. increased its holdings in Alpha Metallurgical Resources by 10.6% in the 1st quarter. NWF Advisory Services Inc. now owns 39,535 shares of the energy company’s stock worth $8,115,000 after purchasing an additional 3,798 shares in the last quarter. Principal Financial Group Inc. grew its holdings in shares of Alpha Metallurgical Resources by 2.0% during the first quarter. Principal Financial Group Inc. now owns 52,610 shares of the energy company’s stock worth $10,799,000 after purchasing an additional 1,041 shares during the last quarter. Finally, Lincoln Capital LLC acquired a new position in shares of Alpha Metallurgical Resources in the first quarter valued at approximately $219,000. Institutional investors own 84.29% of the company’s stock.
Alpha Metallurgical Resources Price Performance
Shares of NYSE:AMR opened at $141.99 on Wednesday. The company’s 50-day moving average is $176.56 and its 200 day moving average is $192.13. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.81 and a current ratio of 3.67. The company has a market capitalization of $1.81 billion, a P/E ratio of -47.33 and a beta of 0.63. Alpha Metallurgical Resources, Inc. has a fifty-two week low of $113.00 and a fifty-two week high of $253.82.
Analyst Upgrades and Downgrades
Several equities research analysts have recently weighed in on AMR shares. Zacks Research cut Alpha Metallurgical Resources from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 5th. UBS Group initiated coverage on shares of Alpha Metallurgical Resources in a report on Friday, July 10th. They issued a “neutral” rating and a $165.00 price target for the company. Jefferies Financial Group restated a “hold” rating and set a $160.00 price objective on shares of Alpha Metallurgical Resources in a report on Tuesday. Atlantic Securities set a $194.00 target price on shares of Alpha Metallurgical Resources in a research report on Thursday, April 30th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Alpha Metallurgical Resources in a report on Wednesday, June 24th. Five research analysts have rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Reduce” and a consensus price target of $181.50.
Check Out Our Latest Research Report on AMR
Insider Transactions at Alpha Metallurgical Resources
In other Alpha Metallurgical Resources news, COO Jason E. Whitehead sold 3,901 shares of the stock in a transaction 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 document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Mark Matthew Manno sold 460 shares of the firm’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of $214.64, for a total value of $98,734.40. Following the completion of the sale, the executive vice president directly owned 3,966 shares of the company’s stock, valued at $851,262.24. This represents a 10.39% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 18.20% of the stock is currently owned by company insiders.
Alpha Metallurgical Resources Company 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.
Featured Stories
- Five stocks we like better than Alpha Metallurgical Resources
- Confidence Is Back, But Earnings Show the Consumer Is Being Picky
- AeroVironment’s Stock Is Down, But Drone Demand Is Taking Off
- 3M’s Redemption Arc: Can Q2 Earnings Change the Narrative?
- 3 Photonics Companies Making Quantum Tech Possible
Want to see what other hedge funds are holding AMR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alpha Metallurgical Resources, Inc. (NYSE:AMR – Free Report).
Receive News & Ratings for Alpha Metallurgical Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alpha Metallurgical Resources and related companies with MarketBeat.com's FREE daily email newsletter.
