Kettle Hill Capital Management LLC Makes New Investment in Alpha Metallurgical Resources, Inc. $AMR

Kettle Hill Capital Management LLC bought a new position in shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 24,127 shares of the energy company’s stock, valued at approximately $4,823,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. ProShare Advisors LLC boosted its holdings in shares of Alpha Metallurgical Resources by 3.3% in the 4th quarter. ProShare Advisors LLC now owns 2,266 shares of the energy company’s stock valued at $453,000 after buying an additional 73 shares in the last quarter. Mainstay Capital Management LLC ADV boosted its holdings in shares of Alpha Metallurgical Resources by 5.9% in the 4th quarter. Mainstay Capital Management LLC ADV now owns 1,326 shares of the energy company’s stock valued at $265,000 after buying an additional 74 shares in the last quarter. The Manufacturers Life Insurance Company boosted its holdings in shares of Alpha Metallurgical Resources by 1.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 6,256 shares of the energy company’s stock valued at $704,000 after buying an additional 76 shares in the last quarter. Envestnet Portfolio Solutions Inc. boosted its holdings in shares of Alpha Metallurgical Resources by 2.0% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 3,907 shares of the energy company’s stock valued at $781,000 after buying an additional 78 shares in the last quarter. Finally, Virtus Advisers LLC boosted its holdings in shares of Alpha Metallurgical Resources by 2.8% in the 4th quarter. Virtus Advisers LLC now owns 3,443 shares of the energy company’s stock valued at $688,000 after buying an additional 93 shares in the last quarter. 84.29% of the stock is currently owned by institutional investors.

Alpha Metallurgical Resources Stock Performance

AMR opened at $190.57 on Tuesday. Alpha Metallurgical Resources, Inc. has a 12-month low of $97.41 and a 12-month high of $253.82. The company has a current ratio of 3.67, a quick ratio of 2.81 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $2.42 billion, a PE ratio of -63.52 and a beta of 0.62. The firm has a 50 day moving average of $193.99 and a two-hundred day moving average of $197.03.

Alpha Metallurgical Resources (NYSE:AMR) last posted its quarterly earnings results on Friday, May 8th. The energy company reported ($0.86) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.86). Alpha Metallurgical Resources had a negative net margin of 1.83% and a negative return on equity of 2.47%. The company had revenue of $447.32 million during the quarter, compared to analyst estimates of $535.15 million. During the same period last year, the firm posted ($2.60) EPS. Alpha Metallurgical Resources’s revenue for the quarter was down 1.3% compared to the same quarter last year. On average, analysts anticipate that Alpha Metallurgical Resources, Inc. will post 11.98 EPS for the current year.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. B. Riley Financial raised their price target on shares of Alpha Metallurgical Resources from $203.00 to $207.00 and gave the company a “neutral” rating in a report on Thursday, March 5th. Atlantic Securities set a $194.00 target price on shares of Alpha Metallurgical Resources in a research note on Thursday, April 30th. Weiss Ratings reiterated a “sell (d)” rating on shares of Alpha Metallurgical Resources in a research note on Friday, March 27th. Zacks Research cut shares of Alpha Metallurgical Resources from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 5th. Finally, Jefferies Financial Group reiterated a “hold” rating and issued a $185.00 target price on shares of Alpha Metallurgical Resources in a research note on Monday, March 2nd. Four equities research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Reduce” and a consensus target price of $195.33.

Insiders Place Their Bets

In other Alpha Metallurgical Resources news, COO Jason E. Whitehead sold 3,901 shares of the firm’s stock in a transaction that occurred on Wednesday, June 3rd. The shares were 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 trade represents a 27.18% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Kenneth S. Courtis purchased 15,000 shares of Alpha Metallurgical Resources stock in a transaction on Tuesday, May 12th. The shares were acquired at an average cost of $189.22 per share, with a total value of $2,838,300.00. Following the completion of the transaction, the director directly owned 975,394 shares in the company, valued at $184,564,052.68. The trade was a 1.56% increase in their position. The SEC filing for this purchase provides additional information. 18.20% of the stock is currently owned by 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.