Tudor Investment Corp Et Al Sells 12,383 Shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR)

Posted by on Mar 8th, 2023

Tudor Investment Corp Et Al cut its position in shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR – Get Rating) by 78.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,387 shares of the energy company’s stock after selling 12,383 shares during the quarter. Tudor Investment Corp Et Al’s holdings in Alpha Metallurgical Resources were worth $463,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the company. Captrust Financial Advisors increased its position in shares of Alpha Metallurgical Resources by 59.5% during the 2nd quarter. Captrust Financial Advisors now owns 354 shares of the energy company’s stock valued at $46,000 after purchasing an additional 132 shares during the last quarter. Macquarie Group Ltd. bought a new position in shares of Alpha Metallurgical Resources during the 2nd quarter valued at about $32,000. Quantbot Technologies LP increased its position in shares of Alpha Metallurgical Resources by 7.2% during the 1st quarter. Quantbot Technologies LP now owns 6,232 shares of the energy company’s stock valued at $822,000 after purchasing an additional 418 shares during the last quarter. X Square Capital LLC increased its position in shares of Alpha Metallurgical Resources by 8.5% during the 3rd quarter. X Square Capital LLC now owns 5,423 shares of the energy company’s stock valued at $742,000 after purchasing an additional 423 shares during the last quarter. Finally, Meixler Investment Management Ltd. increased its position in shares of Alpha Metallurgical Resources by 10.6% during the 3rd quarter. Meixler Investment Management Ltd. now owns 4,514 shares of the energy company’s stock valued at $618,000 after purchasing an additional 433 shares during the last quarter. 81.21% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently commented on AMR. B. Riley increased their price objective on Alpha Metallurgical Resources from $193.00 to $202.00 in a research report on Tuesday, January 17th. Cowen reduced their price target on Alpha Metallurgical Resources to $215.00 in a research report on Tuesday, November 15th. Finally, Cowen raised their price target on Alpha Metallurgical Resources from $200.00 to $210.00 in a research report on Monday, February 27th.

Alpha Metallurgical Resources Price Performance

AMR opened at $180.72 on Wednesday. Alpha Metallurgical Resources, Inc. has a 1 year low of $103.90 and a 1 year high of $186.98. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.77 and a quick ratio of 2.27. The stock’s 50 day simple moving average is $160.98 and its 200 day simple moving average is $156.40. The firm has a market cap of $2.74 billion, a price-to-earnings ratio of 2.31 and a beta of 1.28.

Alpha Metallurgical Resources Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 3rd. Shareholders of record on Wednesday, March 15th will be issued a $0.44 dividend. The ex-dividend date of this dividend is Tuesday, March 14th. This represents a $1.76 annualized dividend and a yield of 0.97%. This is a boost from Alpha Metallurgical Resources’s previous quarterly dividend of $0.39. Alpha Metallurgical Resources’s dividend payout ratio (DPR) is 2.14%.

Insiders Place Their Bets

In other Alpha Metallurgical Resources news, Chairman David J. Stetson sold 20,000 shares of the stock in a transaction that occurred on Tuesday, March 7th. The stock was sold at an average price of $179.37, for a total value of $3,587,400.00. Following the completion of the sale, the chairman now owns 81,913 shares in the company, valued at approximately $14,692,734.81. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other Alpha Metallurgical Resources news, Chairman David J. Stetson sold 20,000 shares of the stock in a transaction that occurred on Tuesday, March 7th. The stock was sold at an average price of $179.37, for a total value of $3,587,400.00. Following the completion of the sale, the chairman now owns 81,913 shares in the company, valued at approximately $14,692,734.81. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CAO Roger Lee Nicholson sold 11,603 shares of the stock in a transaction that occurred on Monday, February 27th. The stock was sold at an average price of $162.48, for a total value of $1,885,255.44. Following the completion of the sale, the chief accounting officer now owns 21,842 shares of the company’s stock, valued at approximately $3,548,888.16. The disclosure for this sale can be found here. In the last 90 days, insiders sold 54,375 shares of company stock worth $9,181,139. 5.70% of the stock is currently owned by company insiders.

Alpha Metallurgical Resources Company Profile

(Get Rating)

Alpha Metallurgical Resources, Inc is a mining company. It engages in the provision of met and thermal coal. The firm operates through the following business segments: Met, CAPP-Thermal, and All Other. The Met segment consists of met coal mines, including Deep Mine 41, Road Fork 52, Black Eagle, and Lynn Branch.

Read More

Want to see what other hedge funds are holding AMR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alpha Metallurgical Resources, Inc. (NYSE:AMR – Get Rating).

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

Receive News & Ratings for Alpha Metallurgical Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alpha Metallurgical Resources and related companies with MarketBeat.com's FREE daily email newsletter.