Marnell Management LLC Takes $1.12 Million Position in Alpha Metallurgical Resources, Inc. $AMR

Marnell Management LLC acquired a new stake in shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR) during the 4th quarter, HoldingsChannel.com reports. The firm acquired 5,584 shares of the energy company’s stock, valued at approximately $1,116,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Los Angeles Capital Management LLC bought a new stake in shares of Alpha Metallurgical Resources during the fourth quarter valued at approximately $29,000. Caitong International Asset Management Co. Ltd raised its position in shares of Alpha Metallurgical Resources by 215.4% during 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. PNC Financial Services Group Inc. raised its position in shares of Alpha Metallurgical Resources by 85.4% during the third quarter. PNC Financial Services Group Inc. now owns 380 shares of the energy company’s stock valued at $62,000 after buying an additional 175 shares during the last quarter. Hantz Financial Services Inc. raised its position in shares of Alpha Metallurgical Resources by 67.9% during the fourth quarter. Hantz Financial Services Inc. now owns 403 shares of the energy company’s stock valued at $81,000 after buying an additional 163 shares during the last quarter. Finally, GAMMA Investing LLC raised its position in shares of Alpha Metallurgical Resources by 31.7% during the fourth quarter. GAMMA Investing LLC now owns 515 shares of the energy company’s stock valued at $103,000 after buying an additional 124 shares during the last quarter. Institutional investors own 84.29% of the company’s stock.

Alpha Metallurgical Resources Trading Up 0.2%

Shares of AMR opened at $201.25 on Monday. The company’s fifty day moving average is $194.36 and its 200 day moving average is $196.81. Alpha Metallurgical Resources, Inc. has a fifty-two week low of $97.41 and a fifty-two week high of $253.82. The stock has a market capitalization of $2.56 billion, a PE ratio of -67.08 and a beta of 0.62. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.81 and a current ratio of 3.67.

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

Wall Street Analysts Forecast Growth

AMR has been the topic of several recent analyst reports. Benchmark reiterated a “hold” rating on shares of Alpha Metallurgical Resources in a research report on Monday, March 2nd. Jefferies Financial Group restated a “hold” rating and issued a $185.00 price target on shares of Alpha Metallurgical Resources in a research report on Monday, March 2nd. Atlantic Securities set a $194.00 price target on shares of Alpha Metallurgical Resources in a research report on Thursday, April 30th. B. Riley Financial boosted 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. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Alpha Metallurgical Resources in a research report on Friday, March 27th. Four research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus price target of $195.33.

Insider Buying and Selling

In other Alpha Metallurgical Resources news, Director Kenneth S. Courtis purchased 15,000 shares of Alpha Metallurgical Resources stock in a transaction that occurred on Tuesday, May 12th. The shares were bought at an average price of $189.22 per share, for a total transaction of $2,838,300.00. Following the completion of the transaction, the director owned 975,394 shares of the company’s stock, valued at approximately $184,564,052.68. This trade represents a 1.56% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, COO Jason E. Whitehead sold 3,901 shares of Alpha Metallurgical Resources stock in a transaction 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 transaction, the chief operating officer directly owned 10,450 shares of the company’s stock, valued at $2,218,326. The trade was a 27.18% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 18.20% of the stock is currently owned by company insiders.

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.