Deutsche Bank AG Makes New $2.20 Million Investment in Alpha Metallurgical Resources, Inc. $AMR

Deutsche Bank AG purchased a new stake in Alpha Metallurgical Resources, Inc. (NYSE:AMR) in the 2nd quarter, HoldingsChannel.com reports. The firm purchased 13,351 shares of the energy company’s stock, valued at approximately $2,202,000.

Other hedge funds have also recently modified their holdings of the company. Dalal Street LLC grew its stake in Alpha Metallurgical Resources by 2.1% in the fourth quarter. Dalal Street LLC now owns 543,000 shares of the energy company’s stock valued at $108,535,000 after purchasing an additional 11,000 shares during the last quarter. Kettle Hill Capital Management LLC purchased a new stake in shares of Alpha Metallurgical Resources during the fourth quarter valued at about $4,823,000. Old West Investment Management LLC bought a new stake in shares of Alpha Metallurgical Resources in the 2nd quarter valued at about $9,932,000. Goehring & Rozencwajg Associates LLC boosted its holdings in shares of 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 valued at $49,683,000 after buying an additional 163,144 shares in the last quarter. Finally, Marnell Management LLC purchased a new position in Alpha Metallurgical Resources in the fourth quarter worth $1,116,000. Hedge funds and other institutional investors own 84.29% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. B. Riley Financial cut 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. Atlantic Securities set a $194.00 price objective on shares of Alpha Metallurgical Resources in a report on Thursday, April 30th. Wall Street Zen downgraded shares of Alpha Metallurgical Resources from a “hold” rating to a “sell” rating in a research report on Saturday, August 8th. Jefferies Financial Group reissued a “hold” rating and set a $160.00 target price on shares of Alpha Metallurgical Resources in a research note on Tuesday, July 21st. Finally, Weiss Ratings cut Alpha Metallurgical Resources from a “sell (d)” rating to a “sell (e+)” rating in a research report on Tuesday, August 11th. Six analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Reduce” and an average price target of $176.00.

Insider Transactions at Alpha Metallurgical Resources

In related news, EVP Mark Matthew Manno sold 460 shares of Alpha Metallurgical Resources stock in a transaction on Monday, June 1st. The shares were sold at an average price of $214.64, for a total transaction of $98,734.40. Following the sale, the executive vice president directly owned 3,966 shares in the company, valued at $851,262.24. This trade represents a 10.39% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Kenneth S. Courtis purchased 5,000 shares of Alpha Metallurgical Resources stock in a transaction that occurred on Tuesday, August 25th. The stock was bought at an average cost of $216.53 per share, with a total value of $1,082,650.00. Following the completion of the transaction, the director owned 1,020,394 shares of the company’s stock, valued at $220,945,912.82. The trade was a 0.49% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last 90 days, insiders have purchased 30,000 shares of company stock valued at $5,992,450. 18.20% of the stock is currently owned by company insiders.

Alpha Metallurgical Resources Stock Performance

Alpha Metallurgical Resources stock opened at $228.60 on Friday. The firm has a 50 day simple moving average of $161.84 and a 200-day simple moving average of $181.17. The stock has a market cap of $2.90 billion, a price-to-earnings ratio of -63.85 and a beta of 0.65. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.41 and a quick ratio of 2.37. Alpha Metallurgical Resources, Inc. has a 1-year low of $133.64 and a 1-year high of $253.82.

Alpha Metallurgical Resources (NYSE:AMR) last posted its earnings results on Friday, August 7th. The energy company reported ($0.96) EPS for the quarter, beating analysts’ consensus estimates of ($0.97) by $0.01. Alpha Metallurgical Resources had a negative return on equity of 2.99% and a negative net margin of 2.23%.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 previous year, the business earned ($0.38) earnings per share. The company’s revenue for the quarter was down 10.4% on a year-over-year basis. On average, analysts expect that Alpha Metallurgical Resources, Inc. will post -2.4 EPS for the current year.

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.