Sun Life Financial INC Invests $31,000 in Alpha Metallurgical Resources, Inc. (NASDAQ:AMR)

Sun Life Financial INC acquired a new stake in Alpha Metallurgical Resources, Inc. (NASDAQ:AMR) in the 1st quarter, according to the company in its most recent filing with the SEC. The fund acquired 2,470 shares of the company’s stock, valued at approximately $31,000.

Other institutional investors also recently added to or reduced their stakes in the company. First Quadrant L P CA acquired a new position in Alpha Metallurgical Resources during the 1st quarter worth approximately $25,000. Public Employees Retirement System of Ohio acquired a new position in shares of Alpha Metallurgical Resources during the fourth quarter worth approximately $142,000. Mraz Amerine & Associates Inc. bought a new position in shares of Alpha Metallurgical Resources in the 1st quarter worth $250,000. CQS US LLC acquired a new stake in Alpha Metallurgical Resources in the 1st quarter valued at $253,000. Finally, Deltec Asset Management LLC bought a new stake in Alpha Metallurgical Resources during the 1st quarter valued at $270,000. Institutional investors own 68.22% of the company’s stock.

In other Alpha Metallurgical Resources news, COO Jason E. Whitehead bought 2,500 shares of the firm’s stock in a transaction dated Wednesday, March 17th. The stock was purchased at an average cost of $11.85 per share, with a total value of $29,625.00. Following the transaction, the chief operating officer now directly owns 87,066 shares in the company, valued at approximately $1,031,732.10. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO David J. Stetson bought 10,000 shares of the stock in a transaction dated Wednesday, March 17th. The shares were acquired at an average price of $12.18 per share, for a total transaction of $121,800.00. In the last quarter, insiders acquired 19,000 shares of company stock valued at $243,255. Company insiders own 6.10% of the company’s stock.

NASDAQ AMR opened at $23.38 on Friday. 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 has a fifty day moving average of $15.52. Alpha Metallurgical Resources, Inc. has a 12 month low of $2.78 and a 12 month high of $23.82. The stock has a market cap of $429.96 million, a price-to-earnings ratio of -0.97 and a beta of 1.55.

Alpha Metallurgical Resources (NASDAQ:AMR) last announced its earnings results on Sunday, May 9th. The company reported ($1.79) EPS for the quarter, beating the Thomson Reuters’ consensus estimate 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, research analysts anticipate that Alpha Metallurgical Resources, Inc. will post -2.22 EPS for the current fiscal year.

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

Alpha Metallurgical Resources 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.

Read More: Return on Investment (ROI)

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

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