Caitong International Asset Management Co. Ltd Has $26,000 Stock Position in Alpha Metallurgical Resources, Inc. $AMR

Caitong International Asset Management Co. Ltd trimmed its holdings in shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR) by 68.5% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 235 shares of the energy company’s stock after selling 510 shares during the period. Caitong International Asset Management Co. Ltd’s holdings in Alpha Metallurgical Resources were worth $26,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the business. SummerHaven Investment Management LLC raised its position in Alpha Metallurgical Resources by 4.4% during the second quarter. SummerHaven Investment Management LLC now owns 2,688 shares of the energy company’s stock valued at $302,000 after buying an additional 114 shares during the period. Yousif Capital Management LLC raised its position in Alpha Metallurgical Resources by 2.9% during the second quarter. Yousif Capital Management LLC now owns 4,429 shares of the energy company’s stock valued at $498,000 after buying an additional 126 shares during the period. Signaturefd LLC raised its position in Alpha Metallurgical Resources by 306.1% during the first quarter. Signaturefd LLC now owns 199 shares of the energy company’s stock valued at $25,000 after buying an additional 150 shares during the period. Voya Investment Management LLC grew its stake in Alpha Metallurgical Resources by 6.9% in the first quarter. Voya Investment Management LLC now owns 4,427 shares of the energy company’s stock valued at $554,000 after purchasing an additional 286 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Alpha Metallurgical Resources by 4.7% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,548 shares of the energy company’s stock valued at $820,000 after purchasing an additional 295 shares in the last quarter. 84.29% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Alpha Metallurgical Resources

In other news, COO Jason E. Whitehead sold 12,004 shares of the company’s stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $161.84, for a total transaction of $1,942,727.36. Following the completion of the sale, the chief operating officer owned 9,673 shares in the company, valued at approximately $1,565,478.32. This represents a 55.38% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Kenneth S. Courtis purchased 53,000 shares of the firm’s stock in a transaction dated Monday, September 15th. The shares were bought at an average price of $154.68 per share, with a total value of $8,198,040.00. Following the purchase, the director owned 734,537 shares in the company, valued at $113,618,183.16. This represents a 7.78% increase in their position. The disclosure for this purchase can be found here. 16.00% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Weiss Ratings restated a “sell (d)” rating on shares of Alpha Metallurgical Resources in a research note on Wednesday, October 8th. B. Riley lowered their target price on Alpha Metallurgical Resources from $173.00 to $171.00 and set a “buy” rating on the stock in a research note on Tuesday, August 5th. Jefferies Financial Group boosted their target price on Alpha Metallurgical Resources from $110.00 to $150.00 and gave the company a “hold” rating in a research note on Monday, August 11th. Finally, Wall Street Zen upgraded Alpha Metallurgical Resources from a “sell” rating to a “hold” rating in a research note on Saturday, August 16th. One research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $160.50.

Alpha Metallurgical Resources Stock Performance

AMR opened at $164.83 on Monday. The company has a market cap of $2.15 billion, a PE ratio of -57.84 and a beta of 0.94. The stock has a 50-day moving average of $154.48 and a 200-day moving average of $132.71. Alpha Metallurgical Resources, Inc. has a 52-week low of $97.41 and a 52-week high of $255.04.

Alpha Metallurgical Resources (NYSE:AMR) last released its quarterly earnings results on Friday, August 8th. The energy company reported ($0.38) earnings per share (EPS) for the quarter, topping the consensus estimate of ($2.38) by $2.00. The company had revenue of $550.27 million during the quarter, compared to the consensus estimate of $552.15 million. Alpha Metallurgical Resources had a negative return on equity of 2.28% and a negative net margin of 1.57%.The firm’s revenue was down 31.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $4.49 EPS. On average, research analysts predict that Alpha Metallurgical Resources, Inc. will post 14.31 earnings per share for the current year.

Alpha Metallurgical Resources Company Profile

Alpha Metallurgical Resources, Inc, a mining company, produces, processes, and sells met and thermal coal in Virginia and West Virginia. The company offers metallurgical coal products. It operates twenty-two active mines and nine coal preparation and load-out facilities. The company was formerly known as Contura Energy, Inc and changed its name to Alpha Metallurgical Resources, Inc in February 2021.