Dynamic Technology Lab Private Ltd Invests $1.50 Million in Alpha Metallurgical Resources, Inc. $AMR

Dynamic Technology Lab Private Ltd bought a new stake in shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 9,110 shares of the energy company’s stock, valued at approximately $1,495,000. Dynamic Technology Lab Private Ltd owned approximately 0.07% of Alpha Metallurgical Resources at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in AMR. Royal Bank of Canada increased its stake in Alpha Metallurgical Resources by 55.0% during the first quarter. Royal Bank of Canada now owns 2,029 shares of the energy company’s stock worth $254,000 after acquiring an additional 720 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Alpha Metallurgical Resources by 4.7% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,548 shares of the energy company’s stock valued at $820,000 after purchasing an additional 295 shares during the last quarter. Millennium Management LLC boosted its holdings in shares of Alpha Metallurgical Resources by 208.0% in the 1st quarter. Millennium Management LLC now owns 106,107 shares of the energy company’s stock worth $13,290,000 after purchasing an additional 71,653 shares during the period. Intech Investment Management LLC boosted its holdings in shares of Alpha Metallurgical Resources by 48.3% in the 1st quarter. Intech Investment Management LLC now owns 13,149 shares of the energy company’s stock worth $1,647,000 after purchasing an additional 4,281 shares during the period. Finally, Envestnet Asset Management Inc. bought a new position in shares of Alpha Metallurgical Resources during the 2nd quarter valued at approximately $391,000. Institutional investors own 84.29% of the company’s stock.

Wall Street Analyst Weigh In

AMR has been the topic of several recent research reports. 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. Texas Capital cut shares of Alpha Metallurgical Resources from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 29th. Weiss Ratings reissued a “sell (d)” rating on shares of Alpha Metallurgical Resources in a research note on Monday, December 29th. B. Riley Financial raised their target price on shares of Alpha Metallurgical Resources from $203.00 to $207.00 and gave the stock a “neutral” rating in a report on Thursday. Finally, Benchmark reaffirmed a “hold” rating on shares of Alpha Metallurgical Resources in a research note on Monday, March 2nd. Four analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Reduce” and a consensus price target of $196.00.

Insider Activity at Alpha Metallurgical Resources

In related news, insider Daniel E. Horn sold 8,125 shares of the firm’s stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $188.32, for a total value of $1,530,100.00. Following the transaction, the insider owned 4,989 shares of the company’s stock, valued at $939,528.48. This trade represents a 61.96% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Kenneth S. Courtis acquired 36,000 shares of the firm’s stock in a transaction that occurred on Monday, December 8th. The shares were bought at an average price of $175.26 per share, with a total value of $6,309,360.00. Following the acquisition, the director directly owned 770,537 shares in the company, valued at $135,044,314.62. This represents a 4.90% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last three months, insiders have bought 98,576 shares of company stock valued at $17,994,174. Company insiders own 16.00% of the company’s stock.

Alpha Metallurgical Resources Price Performance

AMR opened at $168.58 on Friday. The business has a fifty day moving average of $204.25 and a 200 day moving average of $178.72. The stock has a market cap of $2.16 billion, a P/E ratio of -35.57 and a beta of 0.79. The company has a quick ratio of 3.53, a current ratio of 4.47 and a debt-to-equity ratio of 0.01. Alpha Metallurgical Resources, Inc. has a 52-week low of $97.41 and a 52-week high of $253.82.

Alpha Metallurgical Resources (NYSE:AMR) last released its earnings results on Friday, February 27th. The energy company reported ($1.34) earnings per share for the quarter, hitting analysts’ consensus estimates of ($1.34). Alpha Metallurgical Resources had a negative return on equity of 3.88% and a negative net margin of 2.90%.The business had revenue of $436.33 million for the quarter, compared to analyst estimates of $538.45 million. During the same quarter last year, the firm posted ($0.16) earnings per share. The business’s revenue was down 15.7% compared to the same quarter last year. As a group, sell-side analysts anticipate that Alpha Metallurgical Resources, Inc. will post 14.31 EPS for the current 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.