Dynamic Technology Lab Private Ltd Makes New Investment in Alpha Metallurgical Resources, Inc. $AMR

Dynamic Technology Lab Private Ltd purchased a new position in shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR) during the third quarter, Holdings Channel reports. The institutional investor purchased 9,110 shares of the energy company’s stock, valued at approximately $1,495,000.

Several other institutional investors have also recently made changes to their positions in the company. Quadrature Capital Ltd purchased a new stake in shares of Alpha Metallurgical Resources in the 2nd quarter worth approximately $958,000. Investment House LLC boosted its stake in shares of Alpha Metallurgical Resources by 112.4% during the third quarter. Investment House LLC now owns 12,341 shares of the energy company’s stock valued at $2,025,000 after purchasing an additional 6,531 shares in the last quarter. Allianz Asset Management GmbH increased its holdings in Alpha Metallurgical Resources by 83.2% during the third quarter. Allianz Asset Management GmbH now owns 20,719 shares of the energy company’s stock valued at $3,400,000 after buying an additional 9,412 shares during the period. Financial Enhancement Group LLC bought a new position in Alpha Metallurgical Resources in the third quarter worth approximately $1,715,000. Finally, Osaic Holdings Inc. raised its stake in Alpha Metallurgical Resources by 238,510.0% in the second quarter. Osaic Holdings Inc. now owns 23,861 shares of the energy company’s stock worth $2,684,000 after buying an additional 23,851 shares in the last quarter. Hedge funds and other institutional investors own 84.29% of the company’s stock.

Wall Street Analysts Forecast Growth

AMR has been the subject of a number of analyst reports. Benchmark restated a “hold” rating on shares of Alpha Metallurgical Resources in a report on Monday, March 2nd. Texas Capital lowered Alpha Metallurgical Resources from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 29th. B. Riley Financial upped their price objective on Alpha Metallurgical Resources from $203.00 to $207.00 and gave the stock a “neutral” rating in a research note on Thursday. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Alpha Metallurgical Resources in a research report on Monday, December 29th. Finally, Zacks Research lowered Alpha Metallurgical Resources from a “hold” rating to a “strong sell” rating in a research note on Thursday, February 5th. Four 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, the company presently has a consensus rating of “Reduce” and an average price target of $196.00.

Insiders Place Their Bets

In other Alpha Metallurgical Resources news, Director Michael Gorzynski purchased 38,576 shares of the stock in a transaction on Monday, December 15th. The stock was acquired at an average price of $188.50 per share, with a total value of $7,271,576.00. Following the completion of the acquisition, the director owned 644,025 shares in the company, valued at $121,398,712.50. The trade was a 6.37% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Kenneth S. Courtis purchased 9,000 shares of the stock in a transaction on Monday, December 15th. The stock was acquired at an average cost of $188.16 per share, with a total value of $1,693,440.00. Following the acquisition, the director owned 816,537 shares of the company’s stock, valued at approximately $153,639,601.92. This represents a 1.11% increase in their position. The SEC filing for this purchase provides additional information. In the last ninety days, insiders have purchased 98,576 shares of company stock valued at $17,994,174. 16.00% of the stock is owned by corporate insiders.

Alpha Metallurgical Resources Stock Performance

Shares of AMR stock opened at $168.58 on Friday. Alpha Metallurgical Resources, Inc. has a 12-month low of $97.41 and a 12-month high of $253.82. The business’s fifty day simple moving average is $204.25 and its 200-day simple moving average is $178.72. The company has a current ratio of 4.47, a quick ratio of 3.53 and a debt-to-equity ratio of 0.01. The company has a market cap of $2.16 billion, a PE ratio of -35.57 and a beta of 0.79.

Alpha Metallurgical Resources (NYSE:AMR) last posted its quarterly earnings data on Friday, February 27th. The energy company reported ($1.34) earnings per share for the quarter, hitting analysts’ consensus estimates of ($1.34). Alpha Metallurgical Resources had a negative return on equity of 3.88% and a negative net margin of 2.90%.The firm had revenue of $436.33 million during the quarter, compared to analysts’ expectations of $538.45 million. During the same quarter last year, the firm earned ($0.16) EPS. The business’s quarterly revenue was down 15.7% on a year-over-year basis. Analysts expect that Alpha Metallurgical Resources, Inc. will post 14.31 earnings per share for the current fiscal year.

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.