Verition Fund Management LLC Buys New Holdings in Alpha Metallurgical Resources, Inc. (NYSE:AMR)

Verition Fund Management LLC bought a new stake in Alpha Metallurgical Resources, Inc. (NYSE:AMRGet Rating) during the 1st quarter, HoldingsChannel reports. The institutional investor bought 4,721 shares of the energy company’s stock, valued at approximately $623,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. Captrust Financial Advisors raised its holdings in Alpha Metallurgical Resources by 344.0% in the first quarter. Captrust Financial Advisors now owns 222 shares of the energy company’s stock valued at $29,000 after acquiring an additional 172 shares in the last quarter. GSA Capital Partners LLP raised its holdings in Alpha Metallurgical Resources by 3.5% during the fourth quarter. GSA Capital Partners LLP now owns 8,540 shares of the energy company’s stock worth $521,000 after purchasing an additional 290 shares in the last quarter. Quantbot Technologies LP raised its holdings in Alpha Metallurgical Resources by 7.2% during the first quarter. Quantbot Technologies LP now owns 6,232 shares of the energy company’s stock worth $822,000 after purchasing an additional 418 shares in the last quarter. Meixler Investment Management Ltd. raised its holdings in Alpha Metallurgical Resources by 29.1% during the first quarter. Meixler Investment Management Ltd. now owns 5,748 shares of the energy company’s stock worth $759,000 after purchasing an additional 1,297 shares in the last quarter. Finally, Advisor Group Holdings Inc. raised its holdings in Alpha Metallurgical Resources by 16,462.5% during the first quarter. Advisor Group Holdings Inc. now owns 1,325 shares of the energy company’s stock worth $174,000 after purchasing an additional 1,317 shares in the last quarter. Institutional investors and hedge funds own 74.69% of the company’s stock.

Insider Activity at Alpha Metallurgical Resources

In related news, CEO David J. Stetson sold 15,000 shares of Alpha Metallurgical Resources stock in a transaction on Wednesday, August 24th. The shares were sold at an average price of $166.68, for a total value of $2,500,200.00. Following the transaction, the chief executive officer now directly owns 75,739 shares in the company, valued at approximately $12,624,176.52. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 5.70% of the stock is currently owned by insiders.

Alpha Metallurgical Resources Trading Down 2.7 %

Shares of AMR opened at $129.82 on Friday. The firm has a market cap of $2.25 billion, a PE ratio of 1.90 and a beta of 1.20. The company’s 50 day simple moving average is $144.31 and its 200-day simple moving average is $143.26. Alpha Metallurgical Resources, Inc. has a 12-month low of $43.00 and a 12-month high of $186.98.

Alpha Metallurgical Resources (NYSE:AMRGet Rating) last announced its earnings results on Monday, August 8th. The energy company reported $30.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $30.89 by ($0.86). The business had revenue of $1.34 billion for the quarter, compared to analysts’ expectations of $1.23 billion. Alpha Metallurgical Resources had a return on equity of 172.73% and a net margin of 33.86%. During the same quarter last year, the business posted ($1.01) earnings per share. As a group, equities research analysts forecast that Alpha Metallurgical Resources, Inc. will post 82.95 EPS for the current fiscal year.

Alpha Metallurgical Resources Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 3rd. Investors of record on Thursday, September 15th will be given a $0.392 dividend. This represents a $1.57 dividend on an annualized basis and a yield of 1.21%. This is a positive change from Alpha Metallurgical Resources’s previous quarterly dividend of $0.38. The ex-dividend date is Wednesday, September 14th. Alpha Metallurgical Resources’s dividend payout ratio (DPR) is 2.30%.

Analyst Ratings Changes

A number of research firms have weighed in on AMR. B. Riley raised their price objective on shares of Alpha Metallurgical Resources from $182.00 to $189.00 in a report on Tuesday, August 9th. Cowen raised their price objective on shares of Alpha Metallurgical Resources from $191.00 to $225.00 and gave the stock an “outperform” rating in a report on Thursday, September 15th. Finally, Cowen raised their price objective on shares of Alpha Metallurgical Resources from $191.00 to $225.00 and gave the stock an “outperform” rating in a report on Thursday, September 15th.

Alpha Metallurgical Resources Profile

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Alpha Metallurgical Resources, Inc, a mining company, produces, processes, and sells met and thermal coal in Virginia and West Virginia. As of December 31, 2021, it operated twenty active mines and eight coal preparation and load-out facilities. The company was formerly known as Contura Energy, Inc and changed its name to Alpha Metallurgical Resources, Inc in February 2021.

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Institutional Ownership by Quarter for Alpha Metallurgical Resources (NYSE:AMR)

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