Alpha Metallurgical Resources, Inc. $AMR Stake Decreased by Systrade AG

Systrade AG reduced its stake in shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR) by 10.7% in the third quarter, HoldingsChannel.com reports. The fund owned 250,000 shares of the energy company’s stock after selling 30,000 shares during the quarter. Alpha Metallurgical Resources accounts for approximately 21.3% of Systrade AG’s portfolio, making the stock its 2nd largest position. Systrade AG’s holdings in Alpha Metallurgical Resources were worth $42,055,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in AMR. Hardin Capital Partners LLC bought a new position in Alpha Metallurgical Resources in the third quarter valued at $252,000. Farther Finance Advisors LLC lifted its stake in Alpha Metallurgical Resources by 404.2% during the third quarter. Farther Finance Advisors LLC now owns 842 shares of the energy company’s stock worth $142,000 after purchasing an additional 675 shares during the last quarter. Tidal Investments LLC boosted its holdings in shares of Alpha Metallurgical Resources by 10.2% in the 2nd quarter. Tidal Investments LLC now owns 1,884 shares of the energy company’s stock worth $311,000 after purchasing an additional 174 shares in the last quarter. WINTON GROUP Ltd boosted its holdings in shares of Alpha Metallurgical Resources by 97.4% in the 2nd quarter. WINTON GROUP Ltd now owns 1,940 shares of the energy company’s stock worth $320,000 after purchasing an additional 957 shares in the last quarter. Finally, Squarepoint Ops LLC bought a new position in shares of Alpha Metallurgical Resources during the 2nd quarter valued at about $3,728,000. Institutional investors own 84.29% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on AMR shares. UBS Group boosted their target price on Alpha Metallurgical Resources from $160.00 to $180.00 and gave the stock a “neutral” rating in a research report on Thursday. B. Riley Financial reduced their price target on shares of Alpha Metallurgical Resources from $189.00 to $185.00 and set a “neutral” rating on the stock in a research report on Thursday, August 20th. Jefferies Financial Group reissued a “hold” rating and set a $160.00 price target on shares of Alpha Metallurgical Resources in a research note on Tuesday, July 21st. Zacks Research lowered shares of Alpha Metallurgical Resources from a “hold” rating to a “strong sell” rating in a report on Thursday, August 27th. Finally, Weiss Ratings lowered shares of Alpha Metallurgical Resources from a “sell (d)” rating to a “sell (e+)” rating in a report on Tuesday, August 11th. Five investment 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 currently has a consensus rating of “Reduce” and an average target price of $179.75.

Insider Activity

In other news, Director Kenneth Courtis bought 15,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 20th. The shares were bought at an average cost of $193.50 per share, with a total value of $2,902,500.00. Following the completion of the purchase, the director directly owned 1,015,394 shares in the company, valued at $196,478,739. This represents a 1.50% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. Insiders have purchased a total of 35,000 shares of company stock valued at $7,388,400 in the last quarter. 18.20% of the stock is currently owned by company insiders.

Alpha Metallurgical Resources Trading Up 4.4%

AMR stock traded up $7.70 during trading on Friday, hitting $181.98. 224,337 shares of the company traded hands, compared to its average volume of 289,322. The firm has a market capitalization of $2.31 billion, a PE ratio of -50.83 and a beta of 0.85. Alpha Metallurgical Resources, Inc. has a 1 year low of $133.64 and a 1 year high of $253.82. The company has a 50-day moving average of $186.26 and a 200-day moving average of $183.85. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.37 and a current ratio of 3.41.

Alpha Metallurgical Resources (NYSE:AMR) last announced its quarterly earnings results on Friday, August 7th. The energy company reported ($0.96) EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $521.61 million. During the same period in the previous year, the firm earned ($0.38) EPS. The business’s quarterly revenue was down 10.4% on a year-over-year basis. Analysts predict that Alpha Metallurgical Resources, Inc. will post -2.4 earnings per share for the current fiscal year.

Alpha Metallurgical Resources Company Profile

Alpha Metallurgical Resources, Inc is a U.S.-based producer of metallurgical coal, a key raw material used in the steelmaking process. The company operates underground and surface mines, primarily in Central Appalachia, and produces high-quality metallurgical coal for domestic and international steel producers.

The company’s operations are concentrated in West Virginia and Virginia. In addition to mining, Alpha Metallurgical Resources manages coal processing, preparation, transportation, and marketing activities that support the delivery of its products to customers.