Alpha Metallurgical Resources Target of Unusually High Options Trading (NASDAQ:AMR)

Alpha Metallurgical Resources, Inc. (NASDAQ:AMR) saw some unusual options trading on Monday. Stock investors purchased 2,139 call options on the stock. This is an increase of 656% compared to the typical daily volume of 283 call options.

A number of institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. bought a new stake in shares of Alpha Metallurgical Resources in the first quarter valued at approximately $19,253,000. Davidson Kempner Capital Management LP bought a new stake in shares of Alpha Metallurgical Resources in the first quarter valued at approximately $18,265,000. Alta Fundamental Advisers LLC purchased a new position in Alpha Metallurgical Resources during the first quarter valued at approximately $13,327,000. Highbridge Capital Management LLC purchased a new position in Alpha Metallurgical Resources during the first quarter valued at approximately $11,051,000. Finally, Morgan Stanley purchased a new position in Alpha Metallurgical Resources during the first quarter valued at approximately $10,997,000. Institutional investors and hedge funds own 61.93% of the company’s stock.

A number of equities research analysts recently weighed in on the company. B. Riley lifted their target price on Alpha Metallurgical Resources from $30.00 to $38.00 and gave the stock a “neutral” rating in a research report on Thursday, September 2nd. Zacks Investment Research lowered shares of Alpha Metallurgical Resources from a “buy” rating to a “hold” rating in a report on Thursday, August 5th.

Shares of Alpha Metallurgical Resources stock opened at $45.96 on Tuesday. Alpha Metallurgical Resources has a fifty-two week low of $6.37 and a fifty-two week high of $56.22. The company has a debt-to-equity ratio of 3.46, a current ratio of 1.72 and a quick ratio of 1.25. The firm has a market capitalization of $845.66 million, a P/E ratio of -3.82 and a beta of 1.63. The company’s 50 day moving average price is $35.70 and its two-hundred day moving average price is $23.62.

Alpha Metallurgical Resources (NASDAQ:AMR) last released its quarterly earnings results on Friday, August 6th. The company reported ($1.01) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.30) by ($0.71). Alpha Metallurgical Resources had a negative net margin of 14.65% and a negative return on equity of 79.93%. The business had revenue of $395.28 million for the quarter, compared to the consensus estimate of $386.00 million. On average, analysts expect that Alpha Metallurgical Resources will post 3.16 earnings per share for the current year.

About Alpha Metallurgical Resources

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.

See Also: Why Invest in High-Yield Dividend Stocks?

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.