Quadrature Capital Ltd Purchases New Position in Alpha Metallurgical Resources, Inc. $AMR

Quadrature Capital Ltd purchased a new stake in Alpha Metallurgical Resources, Inc. (NYSE:AMR) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 8,518 shares of the energy company’s stock, valued at approximately $958,000. Quadrature Capital Ltd owned 0.07% of Alpha Metallurgical Resources as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in AMR. Summit Securities Group LLC acquired a new position in shares of Alpha Metallurgical Resources in the first quarter valued at approximately $38,000. Caitong International Asset Management Co. Ltd bought a new stake in Alpha Metallurgical Resources in the 1st quarter valued at $93,000. Blue Trust Inc. grew its holdings in Alpha Metallurgical Resources by 68.0% in the 2nd quarter. Blue Trust Inc. now owns 914 shares of the energy company’s stock valued at $103,000 after buying an additional 370 shares in the last quarter. Cetera Investment Advisers acquired a new position in Alpha Metallurgical Resources in the 1st quarter valued at $222,000. Finally, Fox Run Management L.L.C. bought a new position in Alpha Metallurgical Resources during the 1st quarter worth $229,000. Institutional investors own 84.29% of the company’s stock.

Alpha Metallurgical Resources Trading Down 0.8%

Shares of NYSE:AMR opened at $159.21 on Monday. The firm has a 50 day moving average of $163.60 and a 200-day moving average of $140.15. Alpha Metallurgical Resources, Inc. has a 12 month low of $97.41 and a 12 month high of $253.93. The stock has a market capitalization of $2.05 billion, a PE ratio of -44.72 and a beta of 0.91.

Alpha Metallurgical Resources (NYSE:AMR) last posted its quarterly earnings results on Thursday, November 6th. The energy company reported ($0.42) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.35) by ($0.07). Alpha Metallurgical Resources had a negative return on equity of 2.88% and a negative net margin of 2.09%.The firm had revenue of $526.78 million for the quarter, compared to analyst estimates of $543.77 million. During the same quarter in the prior year, the business posted $0.29 EPS. The business’s revenue was down 21.6% on a year-over-year basis. On average, research analysts predict that Alpha Metallurgical Resources, Inc. will post 14.31 EPS for the current fiscal year.

Insider Buying and Selling at Alpha Metallurgical Resources

In other Alpha Metallurgical Resources news, 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, for a total transaction of $8,198,040.00. Following the purchase, the director owned 734,537 shares in the company, valued at approximately $113,618,183.16. This trade represents a 7.78% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 16.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on AMR. B. Riley reduced their target price on shares of Alpha Metallurgical Resources from $173.00 to $171.00 and set a “buy” rating for the company in a research report on Tuesday, August 5th. Weiss Ratings reiterated a “sell (d)” rating on shares of Alpha Metallurgical Resources in a research note on Tuesday, November 25th. Jefferies Financial Group increased their target price on shares of Alpha Metallurgical Resources from $110.00 to $150.00 and gave the stock a “hold” rating in a research report on Monday, August 11th. Finally, Wall Street Zen raised shares of Alpha Metallurgical Resources from a “sell” rating to a “hold” rating in a report on Saturday, August 16th. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Alpha Metallurgical Resources currently has a consensus rating of “Hold” and an average price target of $160.50.

Alpha Metallurgical Resources 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.