GSA Capital Partners LLP Makes New $592,000 Investment in Alpha Metallurgical Resources, Inc. $AMR

GSA Capital Partners LLP bought a new position in Alpha Metallurgical Resources, Inc. (NYSE:AMR) in the 2nd quarter, Holdings Channel.com reports. The firm bought 3,587 shares of the energy company’s stock, valued at approximately $592,000.

A number of other large investors have also modified their holdings of AMR. State Street Corp raised its holdings in shares of Alpha Metallurgical Resources by 27.2% during the 2nd quarter. State Street Corp now owns 865,934 shares of the energy company’s stock valued at $97,400,000 after buying an additional 185,281 shares during the period. Goehring & Rozencwajg Associates LLC boosted its holdings in Alpha Metallurgical Resources by 206.8% in the 1st quarter. Goehring & Rozencwajg Associates LLC now owns 242,039 shares of the energy company’s stock worth $49,683,000 after acquiring an additional 163,144 shares during the period. Millennium Management LLC boosted its holdings in Alpha Metallurgical Resources by 208.0% in the 1st quarter. Millennium Management LLC now owns 106,107 shares of the energy company’s stock worth $13,290,000 after acquiring an additional 71,653 shares during the period. Two Sigma Investments LP acquired a new stake in Alpha Metallurgical Resources in the third quarter valued at approximately $8,132,000. Finally, Marshall Wace LLP acquired a new stake in Alpha Metallurgical Resources in the second quarter valued at approximately $5,284,000. Institutional investors and hedge funds own 84.29% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on AMR. Jefferies Financial Group reissued a “hold” rating and set a $160.00 target price on shares of Alpha Metallurgical Resources in a research report on Tuesday, July 21st. B. Riley Financial lowered their price target on shares of Alpha Metallurgical Resources from $189.00 to $185.00 and set a “neutral” rating for the company in a report on Thursday. Weiss Ratings downgraded shares of Alpha Metallurgical Resources from a “sell (d)” rating to a “sell (e+)” rating in a research note on Tuesday, August 11th. UBS Group began coverage on shares of Alpha Metallurgical Resources in a research note on Friday, July 10th. They set a “neutral” rating and a $165.00 price target on the stock. Finally, Atlantic Securities set a $194.00 price objective on shares of Alpha Metallurgical Resources in a report on Thursday, April 30th. Six research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Reduce” and an average target price of $176.00.

Alpha Metallurgical Resources Price Performance

Shares of NYSE AMR opened at $193.85 on Friday. Alpha Metallurgical Resources, Inc. has a fifty-two week low of $133.64 and a fifty-two week high of $253.82. The business has a 50 day moving average price of $159.37 and a two-hundred day moving average price of $180.80. 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 firm has a market cap of $2.46 billion, a PE ratio of -54.15 and a beta of 0.65.

Alpha Metallurgical Resources (NYSE:AMR) last announced its earnings results on Friday, August 7th. The energy company reported ($0.96) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 return on equity of 2.99% and a negative net margin of 2.23%.Alpha Metallurgical Resources’s quarterly revenue was down 10.4% on a year-over-year basis. During the same period in the prior year, the company posted ($0.38) EPS. Sell-side analysts expect that Alpha Metallurgical Resources, Inc. will post 0.2 earnings per share for the current fiscal year.

Insider Transactions at Alpha Metallurgical Resources

In related news, Director Kenneth S. Courtis purchased 15,000 shares of the company’s stock in a transaction that occurred on Thursday, August 20th. The stock was acquired at an average price of $193.50 per share, for a total transaction of $2,902,500.00. Following the completion of the purchase, the director owned 1,000,394 shares in the company, valued at approximately $193,576,239. This represents a 1.52% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Jason E. Whitehead sold 3,901 shares of the company’s stock in a transaction 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 sale, the chief operating officer directly owned 10,450 shares in the company, valued at $2,218,326. This represents a 27.18% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate 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.