Jupiter Topco LLC Buys Shares of 5,465 Alpha Metallurgical Resources, Inc. $AMR

Jupiter Topco LLC purchased a new stake in Alpha Metallurgical Resources, Inc. (NYSE:AMR) during the 2nd quarter, Holdings Channel reports. The firm purchased 5,465 shares of the energy company’s stock, valued at approximately $903,000.

A number of other hedge funds also recently made changes to their positions in the business. First Citizens Bank & Trust Co. boosted its position in shares of Alpha Metallurgical Resources by 1.8% during the fourth quarter. First Citizens Bank & Trust Co. now owns 4,058 shares of the energy company’s stock worth $811,000 after buying an additional 72 shares during the period. ProShare Advisors LLC raised its stake in Alpha Metallurgical Resources by 3.3% during the 4th quarter. ProShare Advisors LLC now owns 2,266 shares of the energy company’s stock valued at $453,000 after acquiring an additional 73 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in Alpha Metallurgical Resources by 1.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 6,256 shares of the energy company’s stock valued at $704,000 after acquiring an additional 76 shares in the last quarter. Envestnet Portfolio Solutions Inc. boosted its position in Alpha Metallurgical Resources by 2.0% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 3,907 shares of the energy company’s stock worth $781,000 after acquiring an additional 78 shares during the period. Finally, Virtus Advisers LLC boosted its position in Alpha Metallurgical Resources by 2.8% during the 4th quarter. Virtus Advisers LLC now owns 3,443 shares of the energy company’s stock worth $688,000 after acquiring an additional 93 shares during the period. Institutional investors own 84.29% of the company’s stock.

Insiders Place Their Bets

In other Alpha Metallurgical Resources news, Director Kenneth Courtis purchased 5,000 shares of the business’s stock in a transaction on Friday, August 28th. The stock was bought at an average cost of $228.99 per share, with a total value of $1,144,950.00. Following the acquisition, the director owned 1,025,394 shares of the company’s stock, valued at $234,804,972.06. The trade was a 0.49% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Over the last three months, insiders have bought 35,000 shares of company stock valued at $7,137,400. 18.20% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on AMR. Weiss Ratings lowered Alpha Metallurgical Resources from a “sell (d)” rating to a “sell (e+)” rating in a report on Tuesday, August 11th. Jefferies Financial Group reaffirmed a “hold” rating and issued a $160.00 price objective on shares of Alpha Metallurgical Resources in a report on Tuesday, July 21st. Zacks Research lowered shares of Alpha Metallurgical Resources from a “hold” rating to a “strong sell” rating in a research report on Thursday, August 27th. UBS Group assumed coverage on shares of Alpha Metallurgical Resources in a research note on Friday, July 10th. They set a “neutral” rating and a $165.00 target price on the stock. Finally, Wall Street Zen downgraded shares of Alpha Metallurgical Resources from a “hold” rating to a “sell” rating in a research report on Saturday, August 8th. Five equities research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average target price of $176.00.

Alpha Metallurgical Resources Stock Up 3.5%

Shares of AMR stock opened at $224.76 on Friday. Alpha Metallurgical Resources, Inc. has a 1 year low of $133.64 and a 1 year 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 business’s fifty day moving average is $168.76 and its 200-day moving average is $182.80. The stock has a market cap of $2.85 billion, a PE ratio of -62.78 and a beta of 0.68.

Alpha Metallurgical Resources (NYSE:AMR) last announced its quarterly earnings data on Friday, August 7th. The energy company reported ($0.96) earnings per share for the quarter, beating 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 analyst estimates of $521.61 million. During the same quarter in the prior year, the firm posted ($0.38) earnings per share. The company’s revenue was down 10.4% on a year-over-year basis. Equities 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.