Capstone Investment Advisors LLC Buys Shares of 3,284 Alpha Metallurgical Resources, Inc. $AMR

Capstone Investment Advisors LLC purchased a new position in Alpha Metallurgical Resources, Inc. (NYSE:AMR) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 3,284 shares of the energy company’s stock, valued at approximately $542,000.

A number of other large investors have also made changes to their positions in the business. Los Angeles Capital Management LLC acquired a new stake in shares of Alpha Metallurgical Resources in the 4th quarter worth $29,000. Caitong International Asset Management Co. Ltd raised its stake in Alpha Metallurgical Resources by 215.4% in the fourth 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 during the last quarter. Leonteq Securities AG acquired a new stake in Alpha Metallurgical Resources in the first quarter worth about $37,000. Aster Capital Management DIFC Ltd acquired a new stake in Alpha Metallurgical Resources in the fourth quarter worth about $45,000. Finally, Meeder Asset Management Inc. purchased a new stake in shares of Alpha Metallurgical Resources during the second quarter worth about $49,000. 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 3,901 shares of the company’s stock in a transaction that occurred on Wednesday, June 3rd. The stock was 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 $2,218,326. This represents a 27.18% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Mark Matthew Manno sold 460 shares of the stock in a transaction that occurred 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 transaction, the executive vice president owned 3,966 shares in the company, valued at $851,262.24. This trade represents a 10.39% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders acquired a total of 30,000 shares of company stock valued at $5,992,450 in the last three months. 18.20% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities analysts recently commented on AMR shares. Weiss Ratings lowered shares of Alpha Metallurgical Resources from a “sell (d)” rating to a “sell (e+)” rating in a research report on Tuesday, August 11th. UBS Group initiated coverage on shares of Alpha Metallurgical Resources in a research report on Friday, July 10th. They set a “neutral” rating and a $165.00 target price on the stock. B. Riley Financial cut their price target 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. Wall Street Zen lowered shares of Alpha Metallurgical Resources from a “hold” rating to a “sell” rating in a report on Saturday, August 8th. Finally, Jefferies Financial Group reissued a “hold” rating and issued a $160.00 target price on shares of Alpha Metallurgical Resources in a research report on Tuesday, July 21st. Six analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Reduce” and an average target price of $176.00.

Alpha Metallurgical Resources Stock Down 0.2%

AMR opened at $226.84 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 company has a debt-to-equity ratio of 0.01, a quick ratio of 2.37 and a current ratio of 3.41. The stock has a market capitalization of $2.88 billion, a price-to-earnings ratio of -63.36 and a beta of 0.65. The company has a fifty day moving average of $162.65 and a two-hundred day moving average of $181.49.

Alpha Metallurgical Resources (NYSE:AMR) last released its quarterly earnings results on Friday, August 7th. The energy company reported ($0.96) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.97) by $0.01. The company had revenue of $421.29 million during the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.38) EPS. On average, research analysts expect that Alpha Metallurgical Resources, Inc. will post -2.4 earnings per share for the current year.

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.