Susquehanna Fundamental Investments LLC Purchases New Holdings in Alpha Metallurgical Resources, Inc. $AMR

Susquehanna Fundamental Investments LLC acquired a new stake in shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 2,503 shares of the energy company’s stock, valued at approximately $413,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Los Angeles Capital Management LLC acquired a new position in shares of Alpha Metallurgical Resources in the fourth quarter valued at approximately $29,000. Caitong International Asset Management Co. Ltd boosted its holdings in shares of Alpha Metallurgical Resources by 215.4% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 164 shares of the energy company’s stock valued at $33,000 after acquiring an additional 112 shares in the last quarter. Leonteq Securities AG purchased a new position in Alpha Metallurgical Resources during the first quarter worth about $37,000. Aster Capital Management DIFC Ltd acquired a new stake in Alpha Metallurgical Resources in the fourth quarter valued at about $45,000. Finally, Meeder Asset Management Inc. purchased a new stake in Alpha Metallurgical Resources in the 2nd quarter valued at approximately $49,000. 84.29% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

AMR has been the topic of several recent analyst reports. B. Riley Financial dropped their target price on Alpha Metallurgical Resources from $189.00 to $185.00 and set a “neutral” rating on the stock in a research report on Thursday, August 20th. Weiss Ratings downgraded Alpha Metallurgical Resources from a “sell (d)” rating to a “sell (e+)” rating in a research note on Tuesday, August 11th. Wall Street Zen cut Alpha Metallurgical Resources from a “hold” rating to a “sell” rating in a research report on Saturday, August 8th. Zacks Research downgraded Alpha Metallurgical Resources from a “hold” rating to a “strong sell” rating in a report on Thursday, August 27th. Finally, Jefferies Financial Group restated a “hold” rating and set a $160.00 target price on shares of Alpha Metallurgical Resources in a research report on Tuesday, July 21st. Five research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus price target of $176.00.

Alpha Metallurgical Resources Trading Up 0.0%

NYSE:AMR opened at $233.41 on Thursday. Alpha Metallurgical Resources, Inc. has a 52-week low of $133.64 and a 52-week high of $253.82. The company has a quick ratio of 2.37, a current ratio of 3.41 and a debt-to-equity ratio of 0.01. The stock has a fifty day simple moving average of $166.60 and a 200-day simple moving average of $182.28. The company has a market capitalization of $2.96 billion, a PE ratio of -65.20 and a beta of 0.68.

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

Insider Transactions at Alpha Metallurgical Resources

In related news, Director Kenneth S. Courtis purchased 5,000 shares of the company’s stock in a transaction on Friday, August 28th. The stock was bought at an average price of $228.99 per share, with a total value of $1,144,950.00. Following the completion of the transaction, the director owned 1,025,394 shares of the company’s stock, valued at approximately $234,804,972.06. This represents a 0.49% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Over the last 90 days, insiders purchased 35,000 shares of company stock valued at $7,137,400. 18.20% of the stock is currently owned by corporate insiders.

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.