August 26, 2023 – Tucker Asset Management LLC, an institutional investor, has recently acquired a new position in Alpha Metallurgical Resources, Inc. (NYSE: AMR), as stated in its latest Form 13F filing with the Securities and Exchange Commission. This acquisition involved the purchase of 687 shares of the energy company’s stock, which were valued at approximately $107,000.
Alpha Metallurgical Resources is a well-known player in the energy industry and has been attracting interest from investors due to its strong performance and potential for growth. The addition of Alpha Metallurgical Resources to Tucker Asset Management’s portfolio signifies their confidence in the company’s future prospects.
In addition to this development, Alpha Metallurgical Resources has recently announced a quarterly dividend that will be paid to its stockholders on Tuesday, October 3rd. Stockholders who are on record as of Friday, September 15th will receive a dividend of $0.50 per share. It is important to note that the ex-dividend date for this dividend is set for Thursday, September 14th.
This quarterly dividend represents an annualized payout of $2.00 per share and translates into a dividend yield of 1.04%. The dividend payout ratio for Alpha Metallurgical Resources stands at an attractive 3.52%, indicating that the company is returning a reasonable portion of its earnings to shareholders as dividends.
Investors considering Alpha Metallurgical Resources may find these details concerning the recent acquisition by Tucker Asset Management and the upcoming dividend payment informative and useful. As always, it is essential for investors to conduct thorough research and analysis before making any investment decisions.
Disclaimer: This article is intended for informational purposes only and should not be interpreted as financial advice or recommendations regarding any particular investment or security. Investors are advised to conduct their own research and consult with a qualified financial advisor before making any investment decisions.
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Alpha Metallurgical Resources Gains Momentum with Increased Stake Holdings and Positive Earnings Results
[stock_market_widget type=”chart” template=”basic” color=”#3946CE” assets=”AMR” range=”1mo” interval=”1d” axes=”true” cursor=”true” range_selector=”true” api=”yf”]August 26, 2023 – Alpha Metallurgical Resources Inch Forward with Recent Stake Additions and Reductions by Hedge Funds and Institutional Investors
Alpha Metallurgical Resources (NYSE: AMR) has seen an influx of activity from hedge funds and institutional investors in recent months. Notably, Nisa Investment Advisors LLC increased its stake in AMR by a staggering 1,277.4% during the fourth quarter, acquiring an additional 5,250 shares of the company’s stock. This move reflects Nisa Investment Advisors’ confidence in the energy company, as it now owns a total of 5,661 shares valued at $829,000.
Another institutional investor that showed enthusiasm for AMR is Dimensional Fund Advisors LP. The well-known fund manager boosted its stake in AMR by 7.4% during the same quarter, purchasing an additional 25,997 shares valued at $54,941,000. This significant increase solidifies Dimensional Fund Advisors’ belief in Alpha Metallurgical Resources and its potential for growth.
Additionally, Engineers Gate Manager LP exhibited strong interest in AMR by increasing its position by an impressive 145.1% during the fourth quarter. With an acquisition of 8,425 more shares valued at $2,083,000, Engineers Gate Manager LP now owns a total of 14,232 shares.
Empowered Funds LLC also demonstrated confidence in Alpha Metallurgical Resources by raising its stake by a substantial 278.8%. The firm acquired an additional 34,388 shares during the fourth quarter valued at $6,839,000.
Lastly, Cambria Investment Management L.P., after careful consideration of market trends and forecasts for the energy sector,valued at $9 million reduced their stake and now own about a little over sixty-thousand shares currently.
These moves by institutional investors and hedge funds indicate a collective belief in Alpha Metallurgical Resources’ potential for growth and success within the energy industry. With significant stake increases from influential firms, AMR has garnered attention and investment support from some of the most prominent players in the financial market.
Research firms have also provided their input on Alpha Metallurgical Resources’ future prospects. B. Riley, in a recent report, raised their target price on AMR shares from $197.00 to $199.00, reinforcing their positive outlook on the company’s performance. However, TD Cowen took a more cautious approach by downgrading AMR from an “outperform” rating to a “market perform” rating while lowering its target price from $200.00 to $194.00.
In terms of stock performance, AMR traded at $192.21 during Friday’s trading session, experiencing a minor decrease of $0.12 compared to previous sessions. The company saw 52,005 shares exchanged during this period, slightly lower than its average volume of 264,269 shares.
Alpha Metallurgical Resources currently possesses a fifty-day moving average price of $170.97 and a two-hundred-day moving average price of $160.67.Given these numbers it seems as though there may be some volatility ahead regarding pricing trends.The company holds a market capitalization of approximately $2.63 billion with a PE ratio of 3.39 and a beta value of 1.30.
On August 4th, Alpha Metallurgical Resources announced its quarterly earnings results which surpassed analysts’ consensus estimates by reporting earnings per share (EPS)of $12.16.The remarkable performance was significantly higher than expectations of$9-10eps,hinting at Alpha Metallurgical Resources’ strong financial standing amidst challenging market conditions.Likewise,the company’s revenue for the quarter reached$858 million exceeding analysts’ expectations of$833 million.
Furthermore,alpha metallurigical resourses posted impressive profitability ratios: net margin of 26.73% and a return on equity (ROE) of 62.51%. Despite a 35.8% decline in quarterly revenue compared to the same period last year, it is evident that Alpha Metallurgical Resources has managed to navigate through market obstacles while maintaining financial resilience.
Looking ahead, research analysts project that Alpha Metallurgical Resources will generate earnings per share of $46.91 for the current fiscal year. These expectations are based on the company’s strong performance and robust growth potential within the energy sector.
In conclusion, Alpha Metallurgical Resources has attracted attention from numerous hedge funds and institutional investors who furthered their stakes in the company during recent quarters. With significant increases in stake ownership from influential firms and positive outlooks from research firms, AMR has successfully positioned itself as an attractive investment opportunity within the energy industry. The company’s impressive performance in its latest quarter supports these sentiments and underscores its ability to thrive in challenging market conditions. As Alpha Metallurgical Resources moves forward, all eyes will be on its continued growth and potential for further success.
