Connect with us

Base Metals

Continental General Gets Two Board Seats In Alpha Metallurgical Settlement

Another activist, Hudson Bay Capital, recently upped its stake in Alpha Fintel reports that Continental General Insurance Co has filed a 13D form with…

Share this article:

Published

on

This article was originally published by Value Walk

Another activist, Hudson Bay Capital, recently upped its stake in Alpha

Fintel reports that Continental General Insurance Co has filed a 13D form with the SEC disclosing ownership of 1,379,088 shares of Alpha Metallurgical Resources Inc (NYSE:AMR). This represents 8.6% of the company.

Get The Full Henry Singleton Series in PDF

Get the entire 4-part series on Henry Singleton in PDF. Save it to your desktop, read it on your tablet, or email to your colleagues

Q3 2022 hedge fund letters, conferences and more

 


Find A Qualified Financial Advisor

Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to 3 fiduciary financial advisors in your area in 5 minutes.

Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests.

If you’re ready to be matched with local advisors that can help you achieve your financial goals, get started now.


Continental said in its filing that after talks with the company’s board, Alpha named its executive Chairman Michael Gorzinsky and Joanna Baker de Neufville as directors.

Gorzynski is also a veteran of Dan Loeb’s Third Point hedge fund, known for its activism. De Neufville is a principal of De Neufville and Company, L.P., where she oversees the firm’s investment portfolio.

Another activist investor, Hudson Bay Capital, recently increased its stake in Alpha.

Alpha Metallurgical Resources is a Tennessee-based mining company with operations across Virginia and West Virginia. With customers across the globe, high-quality reserves and significant port capacity, Alpha reliably supplies metallurgical products to the steel industry.

What Are Other Large Shareholders Doing?

Renaissance Technologies Llc holds 819,915 shares representing 5.14% ownership of the company. In it’s prior filing, the firm reported owning 872,215 shares, representing a decrease of 6.38%. The firm increased its portfolio allocation in AMR by 19.04% over the last quarter.

Gendell Jeffrey L holds 651,341 shares representing 4.09% ownership of the company. In it’s prior filing, the firm reported owning 688,520 shares, representing a decrease of 5.71%. The firm decreased its portfolio allocation in AMR by 32.29% over the last quarter.

Hudson Bay Capital Management LP holds 650,000 shares representing 4.08% ownership of the company. In it’s prior filing, the firm reported owning 600,000 shares, representing an increase of 7.69%. The firm increased its portfolio allocation in AMR by 32.36% over the last quarter.

Alta Fundamental Advisers LLC holds 460,588 shares representing 2.89% ownership of the company. In it’s prior filing, the firm reported owning 746,445 shares, representing a decrease of 62.06%. The firm decreased its portfolio allocation in AMR by 23.12% over the last quarter.

Geode Capital Management, Llc holds 276,885 shares representing 1.74% ownership of the company. In it’s prior filing, the firm reported owning 298,419 shares, representing a decrease of 7.78%. The firm increased its portfolio allocation in AMR by 1.81% over the last quarter.

What Is The Overall Fund Sentiment?

There are 445 funds or institutions reporting positions in Alpha Metallurgical Resources Inc. This is an increase of 83 owner(s) or 22.93%.

Average portfolio weight of all funds dedicated to Alpha Metallurgical Resources Inc is 0.2763%, a decrease of 1.6561%. Total shares owned by institutions decreased in the last three months by 7.56% to 12,647,582 shares.

Fintel’s Fund Sentiment Score is a quantitative model that ranks companies from zero to 100 based on Fund Sentiment. Fund Sentiment is important because it tells you if funds are buying or selling – and in particular how the company ranks compared to other companies in the investing universe.

Click to see the Fintel Fund Sentiment Score for AMR / Alpha Metallurgical Resources Inc.

Article by Fintel

Share this article:

Economics

Dow Jones Outlook: Understanding the Dangers & Rewards of Crisis Investing

The monthly chart of the Dow highlights the Path it and general markets follow could be similar to the 73-74 and 08-09 eras. More attention is being given…

Share this article:

Continue Reading
Base Metals

Plant-based chicken startup Rebellyous Foods raises $9.5M to launch latest production tech

Seattle-based food technology company Rebellyous Foods has raised $9.5 million in new cash, which the startup plans to use to deploy its latest plant-based…

Share this article:

Continue Reading
Uncategorized

These Were The Best And Worst Performing Assets To Start The Year

These Were The Best And Worst Performing Assets To Start The Year

Markets got the year off to a stellar start in January, with a positive…

Share this article:

Continue Reading

Trending