Alpha Metallurgical ResourcesAMR
Market Cap: $2.56B
About: Alpha Metallurgical Resources Inc is a Tennessee-based coal mining company with operations across Virginia and West Virginia. The company's portfolio of mining operations consists of underground mines, surface mines and coal preparation plants. It produces low-ash metallurgical coal, including High-Vol. A, Mid-Vol., High-Vol. B, and Low-Vol. coal, which is shipped to domestic and international coke and steel producers. The reportable segments of the company are Met. It extracts, processes and markets met and thermal coal from deep and surface mines for sale to steel and coke producers, industrial customers, and electric utilities.
Employees: 4,210
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
3.72% less ownership
Funds ownership: 90.1% [Q1] → 86.38% (-3.72%) [Q2]
4% less funds holding
Funds holding: 287 [Q1] → 275 (-12) [Q2]
15% less call options, than puts
Call options by funds: $154M | Put options by funds: $180M
19% less capital invested
Capital invested by funds: $3.88B [Q1] → $3.15B (-$726M) [Q2]
20% less funds holding in top 10
Funds holding in top 10: 10 [Q1] → 8 (-2) [Q2]
23% less first-time investments, than exits
New positions opened: 40 | Existing positions closed: 52
26% less repeat investments, than reductions
Existing positions increased: 84 | Existing positions reduced: 113
Research analyst outlook
1 Wall Street Analyst provided 1 year price targets over the past 3 months
1 analyst rating
B. Riley Securities Lucas Pipes 23% 1-year accuracy 12 / 52 met price target | 71%upside $336 | Buy Maintained | 6 Sept 2024 |