Impala Asset Management LLC Makes New Investment in Alpha Metallurgical Resources, Inc. $AMR

Impala Asset Management LLC purchased a new position in Alpha Metallurgical Resources, Inc. (NYSE:AMR) during the 4th quarter, HoldingsChannel.com reports. The firm purchased 22,000 shares of the energy company’s stock, valued at approximately $4,397,000. Alpha Metallurgical Resources makes up about 2.8% of Impala Asset Management LLC’s holdings, making the stock its 9th biggest holding.

Other hedge funds have also recently added to or reduced their stakes in the company. Los Angeles Capital Management LLC acquired a new position in Alpha Metallurgical Resources in the fourth quarter worth approximately $29,000. Caitong International Asset Management Co. Ltd grew its position 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 worth $33,000 after buying an additional 112 shares during the last quarter. Hantz Financial Services Inc. grew its position in Alpha Metallurgical Resources by 361.5% in the third quarter. Hantz Financial Services Inc. now owns 240 shares of the energy company’s stock worth $39,000 after buying an additional 188 shares during the last quarter. PNC Financial Services Group Inc. grew its position in Alpha Metallurgical Resources by 85.4% in the third quarter. PNC Financial Services Group Inc. now owns 380 shares of the energy company’s stock worth $62,000 after buying an additional 175 shares during the last quarter. Finally, GAMMA Investing LLC grew its position in Alpha Metallurgical Resources by 31.7% in the fourth quarter. GAMMA Investing LLC now owns 515 shares of the energy company’s stock worth $103,000 after buying an additional 124 shares during the last quarter. Institutional investors and hedge funds own 84.29% of the company’s stock.

Alpha Metallurgical Resources Trading Up 6.4%

Shares of NYSE:AMR opened at $201.25 on Friday. The firm has a fifty day moving average of $194.36 and a two-hundred day moving average of $196.51. The firm has a market capitalization of $2.56 billion, a P/E ratio of -67.08 and a beta of 0.62. Alpha Metallurgical Resources, Inc. has a 12-month low of $97.41 and a 12-month high of $253.82. The company has a quick ratio of 2.81, a current ratio of 3.67 and a debt-to-equity ratio of 0.01.

Alpha Metallurgical Resources (NYSE:AMR) last issued its earnings results on Friday, May 8th. The energy company reported ($0.86) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.86). The company had revenue of $447.32 million during the quarter, compared to analyst estimates of $535.15 million. Alpha Metallurgical Resources had a negative net margin of 1.83% and a negative return on equity of 2.47%. The company’s revenue for the quarter was down 1.3% on a year-over-year basis. During the same quarter last year, the business posted ($2.60) EPS. On average, equities analysts expect that Alpha Metallurgical Resources, Inc. will post 11.98 EPS for the current fiscal year.

Insider Buying and Selling at Alpha Metallurgical Resources

In other Alpha Metallurgical Resources news, COO Jason E. Whitehead sold 3,901 shares of Alpha Metallurgical Resources stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $212.28, for a total transaction of $828,104.28. Following the completion of the sale, the chief operating officer owned 10,450 shares of the company’s stock, valued at $2,218,326. This trade represents a 27.18% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Kenneth S. Courtis bought 15,000 shares of the firm’s stock in a transaction on Tuesday, May 12th. The shares were bought at an average cost of $189.22 per share, with a total value of $2,838,300.00. Following the purchase, the director directly owned 975,394 shares in the company, valued at approximately $184,564,052.68. This trade represents a 1.56% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Company insiders own 18.20% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. Benchmark restated a “hold” rating on shares of Alpha Metallurgical Resources in a research report on Monday, March 2nd. B. Riley Financial lifted their price target on shares of Alpha Metallurgical Resources from $203.00 to $207.00 and gave the stock a “neutral” rating in a research report on Thursday, March 5th. Weiss Ratings restated a “sell (d)” rating on shares of Alpha Metallurgical Resources in a research report on Friday, March 27th. Atlantic Securities set a $194.00 price target on shares of Alpha Metallurgical Resources in a research report on Thursday, April 30th. Finally, Zacks Research lowered shares of Alpha Metallurgical Resources from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 5th. Four investment analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Reduce” and an average target price of $195.33.

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.