Dimensional Fund Advisors LP Increases Stake in Alpha Metallurgical Resources, Inc. $AMR

Dimensional Fund Advisors LP lifted its stake in shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR) by 5.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 721,872 shares of the energy company’s stock after buying an additional 38,300 shares during the period. Dimensional Fund Advisors LP owned approximately 0.06% of Alpha Metallurgical Resources worth $148,192,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. State Street Corp grew its stake in Alpha Metallurgical Resources by 27.2% during the 2nd quarter. State Street Corp now owns 865,934 shares of the energy company’s stock valued at $97,400,000 after purchasing an additional 185,281 shares during the last quarter. Goehring & Rozencwajg Associates LLC increased its stake in shares of Alpha Metallurgical Resources by 206.8% in the first quarter. Goehring & Rozencwajg Associates LLC now owns 242,039 shares of the energy company’s stock worth $49,683,000 after acquiring an additional 163,144 shares during the period. Millennium Management LLC grew its position in Alpha Metallurgical Resources by 208.0% during 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. Two Sigma Investments LP purchased a new position in Alpha Metallurgical Resources during the third quarter valued at approximately $8,132,000. Finally, Marshall Wace LLP purchased a new position in shares of Alpha Metallurgical Resources during the 2nd quarter valued at approximately $5,284,000. Institutional investors and hedge funds own 84.29% of the company’s stock.

Wall Street Analyst Weigh In

AMR has been the subject of several recent analyst reports. Weiss Ratings restated a “sell (d)” rating on shares of Alpha Metallurgical Resources in a research note on Wednesday, June 24th. Jefferies Financial Group restated a “hold” rating and set a $160.00 price target on shares of Alpha Metallurgical Resources in a research report on Tuesday, July 21st. Atlantic Securities set a $194.00 price target on shares of Alpha Metallurgical Resources in a research note on Thursday, April 30th. Zacks Research lowered Alpha Metallurgical Resources from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 5th. Finally, UBS Group began coverage on shares of Alpha Metallurgical Resources in a research report on Friday, July 10th. They set a “neutral” rating and a $165.00 price target on the stock. Five investment analysts have rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus price target of $181.50.

Insider Buying and Selling

In other Alpha Metallurgical Resources news, Director Kenneth S. Courtis purchased 15,000 shares of the firm’s stock in a transaction on Tuesday, May 12th. The stock was bought at an average price of $189.22 per share, with a total value of $2,838,300.00. Following the transaction, the director directly owned 975,394 shares of the company’s stock, valued at approximately $184,564,052.68. This represents a 1.56% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Mark Matthew Manno sold 460 shares of Alpha Metallurgical Resources stock in a transaction on Monday, June 1st. The shares were sold at an average price of $214.64, for a total value of $98,734.40. Following the completion of the transaction, the executive vice president owned 3,966 shares of the company’s stock, valued at approximately $851,262.24. This trade represents a 10.39% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 18.20% of the stock is owned by corporate insiders.

Alpha Metallurgical Resources Stock Performance

NYSE AMR opened at $142.88 on Monday. The company has a current ratio of 3.67, a quick ratio of 2.81 and a debt-to-equity ratio of 0.01. The stock has a market cap of $1.82 billion, a PE ratio of -47.62 and a beta of 0.63. The stock has a fifty day simple moving average of $174.36 and a 200-day simple moving average of $190.90. Alpha Metallurgical Resources, Inc. has a twelve month low of $113.00 and a twelve month high of $253.82.

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, meeting analysts’ consensus estimates of ($0.86). The business had revenue of $447.32 million during the quarter, compared to analysts’ expectations of $535.15 million. Alpha Metallurgical Resources had a negative net margin of 1.83% and a negative return on equity of 2.47%. The business’s revenue for the quarter was down 1.3% on a year-over-year basis. During the same period last year, the business earned ($2.60) earnings per share. Equities analysts anticipate that Alpha Metallurgical Resources, Inc. will post 8.21 earnings per share 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.