56,797 Shares in Alpha Metallurgical Resources, Inc. $AMR Bought by PDT Partners LLC

PDT Partners LLC bought a new stake in shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 56,797 shares of the energy company’s stock, valued at approximately $9,368,000. PDT Partners LLC owned approximately 0.45% of Alpha Metallurgical Resources as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of AMR. Los Angeles Capital Management LLC purchased a new stake in Alpha Metallurgical Resources in the fourth quarter worth about $29,000. Caitong International Asset Management Co. Ltd lifted its position in shares of Alpha Metallurgical Resources by 215.4% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 164 shares of the energy company’s stock valued at $33,000 after buying an additional 112 shares in the last quarter. Leonteq Securities AG bought a new position in shares of Alpha Metallurgical Resources during the 1st quarter valued at approximately $37,000. Aster Capital Management DIFC Ltd bought a new position in shares of Alpha Metallurgical Resources during the 4th quarter valued at approximately $45,000. Finally, Meeder Asset Management Inc. purchased a new stake in Alpha Metallurgical Resources in the 2nd quarter worth approximately $49,000. Institutional investors own 84.29% of the company’s stock.

Insider Buying and Selling

In other Alpha Metallurgical Resources news, EVP Mark Matthew Manno sold 460 shares of the business’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of $214.64, for a total value of $98,734.40. Following the sale, the executive vice president owned 3,966 shares in the company, valued at $851,262.24. The trade was a 10.39% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Jason E. Whitehead sold 3,901 shares of the stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $212.28, for a total transaction of $828,104.28. Following the transaction, the chief operating officer directly owned 10,450 shares of the company’s stock, valued at $2,218,326. This trade represents a 27.18% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders purchased 30,000 shares of company stock worth $5,992,450. 18.20% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. B. Riley Financial decreased their target price on shares of Alpha Metallurgical Resources from $189.00 to $185.00 and set a “neutral” rating on the stock in a research note on Thursday, August 20th. Atlantic Securities set a $194.00 price target on shares of Alpha Metallurgical Resources in a research report on Thursday, April 30th. Zacks Research upgraded shares of Alpha Metallurgical Resources from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 29th. Weiss Ratings cut shares of Alpha Metallurgical Resources from a “sell (d)” rating to a “sell (e+)” rating in a research note on Tuesday, August 11th. Finally, Jefferies Financial Group reaffirmed a “hold” rating and issued a $160.00 target price on shares of Alpha Metallurgical Resources in a report on Tuesday, July 21st. Six investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Alpha Metallurgical Resources currently has a consensus rating of “Reduce” and an average price target of $176.00.

Alpha Metallurgical Resources Stock Up 3.0%

Shares of AMR opened at $216.14 on Wednesday. The business’s 50 day moving average is $160.52 and its 200 day moving average is $180.90. The company has a current ratio of 3.41, a quick ratio of 2.37 and a debt-to-equity ratio of 0.01. Alpha Metallurgical Resources, Inc. has a 12-month low of $133.64 and a 12-month high of $253.82. The company has a market capitalization of $2.74 billion, a PE ratio of -60.38 and a beta of 0.65.

Alpha Metallurgical Resources (NYSE:AMR) last posted its quarterly earnings results on Friday, August 7th. The energy company reported ($0.96) earnings per share for the quarter, topping the consensus estimate 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 business had revenue of $421.29 million during the quarter, compared to the consensus estimate of $521.61 million. During the same period in the prior year, the company posted ($0.38) EPS. The firm’s revenue for the quarter was down 10.4% compared to the same quarter last year. Research analysts expect that Alpha Metallurgical Resources, Inc. will post -2.4 earnings per share for the current fiscal year.

About Alpha Metallurgical Resources

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.