Himension Capital Singapore PTE. LTD. Invests $1.09 Million in Alpha Metallurgical Resources, Inc. $AMR

Himension Capital Singapore PTE. LTD. purchased a new stake in Alpha Metallurgical Resources, Inc. (NYSE:AMR) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 5,321 shares of the energy company’s stock, valued at approximately $1,092,000.

A number of other institutional investors also recently modified their holdings of the business. Dalal Street LLC raised its holdings in Alpha Metallurgical Resources by 2.1% during the 4th quarter. Dalal Street LLC now owns 543,000 shares of the energy company’s stock valued at $108,535,000 after acquiring an additional 11,000 shares during the period. Kettle Hill Capital Management LLC bought a new position in shares of Alpha Metallurgical Resources in the fourth quarter worth $4,823,000. Systrade AG bought a new position in shares of Alpha Metallurgical Resources in the fourth quarter worth $55,966,000. Marnell Management LLC purchased a new position in shares of Alpha Metallurgical Resources in the fourth quarter valued at $1,116,000. Finally, Impala Asset Management LLC purchased a new position in shares of Alpha Metallurgical Resources in the fourth quarter valued at $4,397,000. 84.29% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, EVP Mark Matthew Manno sold 460 shares of Alpha Metallurgical Resources stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $214.64, for a total transaction of $98,734.40. Following the completion of the sale, the executive vice president owned 3,966 shares in the company, valued at approximately $851,262.24. This trade represents a 10.39% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Jason E. Whitehead sold 3,901 shares of the business’s stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $212.28, for a total value 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 position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 18.20% of the company’s stock.

Analysts Set New Price Targets

AMR has been the topic of a number of analyst reports. Zacks Research lowered Alpha Metallurgical Resources from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 5th. Weiss Ratings restated a “sell (d)” rating on shares of Alpha Metallurgical Resources in a research note on Wednesday, June 24th. UBS Group initiated coverage on Alpha Metallurgical Resources in a report on Friday, July 10th. They set a “neutral” rating and a $165.00 target price for the company. Jefferies Financial Group reiterated a “hold” rating and set a $160.00 price target on shares of Alpha Metallurgical Resources in a research report on Tuesday. Finally, Atlantic Securities set a $194.00 price target on shares of Alpha Metallurgical Resources in a report on Thursday, April 30th. Five equities 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, Alpha Metallurgical Resources has an average rating of “Reduce” and a consensus price target of $181.50.

Alpha Metallurgical Resources Stock Down 1.2%

AMR opened at $141.99 on Wednesday. The firm has a market capitalization of $1.81 billion, a P/E ratio of -47.33 and a beta of 0.63. Alpha Metallurgical Resources, Inc. has a one year low of $113.00 and a one year high of $253.82. The company has a fifty day moving average price of $176.56 and a 200-day moving average price of $192.13. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.67 and a quick ratio of 2.81.

Alpha Metallurgical Resources (NYSE:AMR) last issued its quarterly earnings data on Friday, May 8th. The energy company reported ($0.86) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.86). The company had revenue of $447.32 million for the quarter, compared to the consensus estimate of $535.15 million. Alpha Metallurgical Resources had a negative return on equity of 2.47% and a negative net margin of 1.83%.The firm’s revenue was down 1.3% compared to the same quarter last year. During the same quarter last year, the business posted ($2.60) earnings per share. Equities research analysts expect that Alpha Metallurgical Resources, Inc. will post 8.21 earnings per share for the current fiscal year.

Alpha Metallurgical Resources Profile

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.