4,205 Shares in Alpha Metallurgical Resources, Inc. $AMR Purchased by Semanteon Capital Management LP

Semanteon Capital Management LP acquired a new stake in Alpha Metallurgical Resources, Inc. (NYSE:AMR) in the 2nd quarter, Holdings Channel.com reports. The institutional investor acquired 4,205 shares of the energy company’s stock, valued at approximately $473,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Signaturefd LLC raised its holdings in Alpha Metallurgical Resources by 306.1% during the 1st 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. Summit Securities Group LLC bought a new position in Alpha Metallurgical Resources during the first quarter valued at $38,000. CWM LLC raised its stake in shares of Alpha Metallurgical Resources by 1,205.1% in the first quarter. CWM LLC now owns 509 shares of the energy company’s stock valued at $64,000 after acquiring an additional 470 shares during the period. Caitong International Asset Management Co. Ltd bought a new stake in shares of Alpha Metallurgical Resources in the 1st quarter worth about $93,000. Finally, Blue Trust Inc. boosted its stake in shares of Alpha Metallurgical Resources by 68.0% during the 2nd quarter. Blue Trust Inc. now owns 914 shares of the energy company’s stock worth $103,000 after purchasing an additional 370 shares during the period. Hedge funds and other institutional investors own 84.29% of the company’s stock.

Insider Transactions at Alpha Metallurgical Resources

In other Alpha Metallurgical Resources news, Director Kenneth S. Courtis purchased 55,000 shares of Alpha Metallurgical Resources stock in a transaction on Friday, September 12th. The stock was bought at an average cost of $142.64 per share, with a total value of $7,845,200.00. Following the transaction, the director owned 681,537 shares of the company’s stock, valued at $97,214,437.68. This represents a 8.78% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 16.00% of the company’s stock.

Alpha Metallurgical Resources Price Performance

Shares of AMR stock opened at $159.00 on Monday. The stock’s fifty day moving average price is $162.02 and its 200 day moving average price is $137.68. Alpha Metallurgical Resources, Inc. has a 1-year low of $97.41 and a 1-year high of $255.04. The company has a market cap of $2.04 billion, a price-to-earnings ratio of -44.66 and a beta of 0.89.

Alpha Metallurgical Resources (NYSE:AMR) last posted its quarterly earnings data 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 net margin of 2.09% and a negative return on equity of 2.88%. The company had revenue of $526.78 million for the quarter, compared to analyst estimates of $543.77 million. During the same quarter last year, the company earned $0.29 EPS. The business’s revenue was down 21.6% compared to the same quarter last year. As a group, equities research analysts anticipate that Alpha Metallurgical Resources, Inc. will post 14.31 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on AMR shares. Weiss Ratings reissued a “sell (d+)” rating on shares of Alpha Metallurgical Resources in a research report on Thursday, October 30th. B. Riley decreased their price target on Alpha Metallurgical Resources from $173.00 to $171.00 and set a “buy” rating for the company in a research note on Tuesday, August 5th. Jefferies Financial Group lifted their price target on Alpha Metallurgical Resources from $110.00 to $150.00 and gave the company a “hold” rating in a report on Monday, August 11th. Finally, Wall Street Zen raised Alpha Metallurgical Resources from a “sell” rating to a “hold” rating in a research report on Saturday, August 16th. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Alpha Metallurgical Resources presently has an average rating of “Hold” and an average target price of $160.50.

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.