Deuterium Capital Management LLC Invests $252,000 in Alpha Metallurgical Resources, Inc. (NYSE:AMR)

Deuterium Capital Management LLC bought a new stake in shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 900 shares of the energy company’s stock, valued at approximately $252,000. Alpha Metallurgical Resources makes up approximately 0.4% of Deuterium Capital Management LLC’s investment portfolio, making the stock its 28th largest holding.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. GAMMA Investing LLC acquired a new stake in Alpha Metallurgical Resources in the 4th quarter valued at $33,000. Quadrant Capital Group LLC bought a new stake in Alpha Metallurgical Resources during the 4th quarter worth approximately $35,000. Creekmur Asset Management LLC purchased a new stake in Alpha Metallurgical Resources in the 4th quarter valued at $36,000. PNC Financial Services Group Inc. grew its stake in shares of Alpha Metallurgical Resources by 947.1% in the 4th quarter. PNC Financial Services Group Inc. now owns 178 shares of the energy company’s stock worth $60,000 after acquiring an additional 161 shares in the last quarter. Finally, FinTrust Capital Advisors LLC bought a new stake in Alpha Metallurgical Resources in the 4th quarter worth about $64,000. 84.29% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently issued reports on AMR shares. Benchmark restated a “hold” rating on shares of Alpha Metallurgical Resources in a report on Tuesday, August 6th. B. Riley increased their price objective on Alpha Metallurgical Resources from $374.00 to $375.00 and gave the stock a “buy” rating in a report on Tuesday, May 7th.

Alpha Metallurgical Resources Stock Performance

Alpha Metallurgical Resources stock traded down $0.60 during midday trading on Friday, reaching $238.91. 127,793 shares of the stock were exchanged, compared to its average volume of 220,648. The company’s fifty day moving average is $276.63 and its 200-day moving average is $310.06. The firm has a market cap of $3.11 billion, a PE ratio of 5.79 and a beta of 1.36. Alpha Metallurgical Resources, Inc. has a 52 week low of $200.15 and a 52 week high of $452.00.

Alpha Metallurgical Resources (NYSE:AMR) last released its quarterly earnings results on Monday, August 5th. The energy company reported $4.49 earnings per share for the quarter, beating the consensus estimate of $4.46 by $0.03. Alpha Metallurgical Resources had a return on equity of 36.77% and a net margin of 16.89%. The firm had revenue of $804.00 million for the quarter, compared to analysts’ expectations of $733.05 million. During the same quarter last year, the firm posted $12.16 EPS. The company’s revenue was down 6.3% compared to the same quarter last year. On average, sell-side analysts anticipate that Alpha Metallurgical Resources, Inc. will post 28.83 earnings per share for the current fiscal year.

About Alpha Metallurgical Resources

Alpha Metallurgical Resources, Inc, a mining company, produces, processes, and sells met and thermal coal in Virginia and West Virginia. The company offers metallurgical coal products. It operates twenty-two active mines and nine 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.