Sun Life Financial INC Takes Position in Alpha Metallurgical Resources, Inc. (NASDAQ:AMR)

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

A number of other institutional investors have also bought and sold shares of AMR. First Quadrant L P CA bought a new position in shares of Alpha Metallurgical Resources in the first quarter worth approximately $25,000. Public Employees Retirement System of Ohio purchased a new stake in Alpha Metallurgical Resources during the 4th quarter valued at $142,000. Mraz Amerine & Associates Inc. bought a new stake in Alpha Metallurgical Resources in the 1st quarter worth $250,000. CQS US LLC bought a new position in shares of Alpha Metallurgical Resources during the first quarter valued at about $253,000. Finally, Deltec Asset Management LLC bought a new position in shares of Alpha Metallurgical Resources during the first quarter valued at about $270,000. 68.22% of the stock is owned by institutional investors and hedge funds.

In other news, CEO David J. Stetson purchased 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 17th. The shares were bought at an average price of $12.18 per share, for a total transaction of $121,800.00. Also, CEO David J. Stetson acquired 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 12th. The shares were purchased at an average cost of $14.52 per share, for a total transaction of $72,600.00. Following the completion of the transaction, the chief executive officer now directly owns 250,365 shares in the company, valued at approximately $3,635,299.80. The disclosure for this purchase can be found here. Insiders have bought 19,000 shares of company stock valued at $243,255 over the last quarter. Company insiders own 6.10% of the company’s stock.

Shares of AMR stock opened at $23.38 on Friday. The firm’s fifty day simple moving average is $15.52. The company has a market cap of $429.96 million, a PE ratio of -0.97 and a beta of 1.55. The company has a current ratio of 1.81, a quick ratio of 1.44 and a debt-to-equity ratio of 3.37. Alpha Metallurgical Resources, Inc. has a 12 month low of $2.78 and a 12 month high of $23.82.

Alpha Metallurgical Resources (NASDAQ:AMR) last posted its quarterly earnings data on Sunday, May 9th. The company reported ($1.79) EPS for the quarter, topping the 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%. Equities research analysts expect that Alpha Metallurgical Resources, Inc. will post -2.22 earnings per share for the current year.

A number of brokerages recently commented on AMR. B. Riley upped their target price on Alpha Metallurgical Resources from $12.00 to $15.00 and gave the company a “neutral” rating in a report on Tuesday, May 11th. Zacks Investment Research cut shares of Alpha Metallurgical Resources from a “hold” rating to a “sell” rating in a research report on Wednesday, May 5th.

Alpha Metallurgical Resources Company 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.

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

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