875,000 Shares in Alpha Metallurgical Resources, Inc. (NASDAQ:AMR) Bought by Highbridge Capital Management LLC

Highbridge Capital Management LLC purchased a new position in Alpha Metallurgical Resources, Inc. (NASDAQ:AMR) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 875,000 shares of the company’s stock, valued at approximately $11,051,000.

Several other large investors also recently modified their holdings of the stock. Public Employees Retirement System of Ohio acquired a new position in Alpha Metallurgical Resources in the fourth quarter worth $142,000. Huntington National Bank acquired a new position in Alpha Metallurgical Resources in the first quarter worth $791,000. Deltec Asset Management LLC acquired a new position in Alpha Metallurgical Resources in the first quarter worth $270,000. Assenagon Asset Management S.A. acquired a new position in Alpha Metallurgical Resources in the first quarter worth $3,250,000. Finally, Mraz Amerine & Associates Inc. acquired a new position in Alpha Metallurgical Resources in the first quarter worth $250,000. Institutional investors and hedge funds own 68.22% of the company’s stock.

Shares of AMR traded up $1.04 during midday trading on Friday, hitting $24.42. 3,467 shares of the stock traded hands, compared to its average volume of 213,253. Alpha Metallurgical Resources, Inc. has a 1-year low of $2.78 and a 1-year high of $23.82. The company has a market capitalization of $449.08 million, a price-to-earnings ratio of -0.97 and a beta of 1.55. The company has a debt-to-equity ratio of 3.37, a current ratio of 1.81 and a quick ratio of 1.44. The company’s 50 day simple moving average is $15.52.

Alpha Metallurgical Resources (NASDAQ:AMR) last issued its quarterly earnings data on Sunday, May 9th. The company reported ($1.79) earnings per share for the quarter, beating analysts’ consensus estimates of ($2.06) by $0.27. Alpha Metallurgical Resources had a negative net margin of 28.90% and a negative return on equity of 75.00%. As a group, equities analysts forecast that Alpha Metallurgical Resources, Inc. will post -2.22 earnings per share for the current fiscal year.

In other Alpha Metallurgical Resources news, CEO David J. Stetson purchased 10,000 shares of the company’s stock in a transaction on Wednesday, March 17th. The shares were purchased at an average cost of $12.18 per share, for a total transaction of $121,800.00. Also, COO Jason E. Whitehead purchased 2,500 shares of the company’s stock in a transaction on Wednesday, March 17th. The stock was acquired at an average price of $11.85 per share, for a total transaction of $29,625.00. Following the completion of the transaction, the chief operating officer now owns 87,066 shares of the company’s stock, valued at approximately $1,031,732.10. The disclosure for this purchase can be found here. Over the last 90 days, insiders have purchased 19,000 shares of company stock worth $243,255. Company insiders own 6.10% of the company’s stock.

A number of equities analysts have commented on AMR shares. Zacks Investment Research downgraded shares of Alpha Metallurgical Resources from a “hold” rating to a “sell” rating in a report on Wednesday, May 5th. B. Riley boosted their price target on shares of Alpha Metallurgical Resources from $12.00 to $15.00 and gave the company a “neutral” rating in a report on Tuesday, May 11th.

Alpha Metallurgical Resources Company Profile

Alpha Metallurgical Resources, Inc operates as a mining company. It produces, processes, and sells met coal and thermal coal in Virginia and West Virginia. It operates through two segments, Met and CAPP-Thermal. The Met segments operates five active mines and two preparation plants in Virginia; and seventeen active mines and five preparation plants in West Virginia.

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

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