Everence Capital Management Inc. Takes $573,000 Position in Alpha Metallurgical Resources, Inc. (NYSE:AMR)

Everence Capital Management Inc. bought a new stake in Alpha Metallurgical Resources, Inc. (NYSE:AMR) in the fourth quarter, HoldingsChannel.com reports. The firm bought 1,690 shares of the energy company’s stock, valued at approximately $573,000.

A number of other institutional investors also recently modified their holdings of the business. Louisiana State Employees Retirement System bought a new stake in shares of Alpha Metallurgical Resources in the fourth quarter valued at about $2,000,000. Simplicity Solutions LLC acquired a new position in Alpha Metallurgical Resources in the fourth quarter valued at about $408,000. Mutual of America Capital Management LLC acquired a new position in Alpha Metallurgical Resources in the fourth quarter valued at about $701,000. Allspring Global Investments Holdings LLC raised its stake in Alpha Metallurgical Resources by 24.9% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,604 shares of the energy company’s stock valued at $544,000 after purchasing an additional 320 shares in the last quarter. Finally, Mainstay Capital Management LLC ADV acquired a new position in Alpha Metallurgical Resources in the fourth quarter valued at about $329,000. Institutional investors own 84.29% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, B. Riley dropped their price target on Alpha Metallurgical Resources from $381.00 to $374.00 and set a “buy” rating for the company in a research note on Monday.

Alpha Metallurgical Resources Stock Down 2.0 %

AMR stock opened at $342.25 on Thursday. The company has a market cap of $4.45 billion, a PE ratio of 7.03 and a beta of 1.35. The business has a 50-day simple moving average of $348.56 and a 200 day simple moving average of $316.05. Alpha Metallurgical Resources, Inc. has a 52 week low of $132.72 and a 52 week high of $452.00.

Alpha Metallurgical Resources (NYSE:AMR) last issued its earnings results on Monday, February 26th. The energy company reported $12.88 EPS for the quarter, topping the consensus estimate of $8.78 by $4.10. The firm had revenue of $959.90 million during the quarter, compared to the consensus estimate of $796.65 million. Alpha Metallurgical Resources had a return on equity of 46.22% and a net margin of 20.80%. The business’s quarterly revenue was up 16.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $13.37 earnings per share. On average, analysts anticipate that Alpha Metallurgical Resources, Inc. will post 29.82 EPS for the current fiscal year.

Insiders Place Their Bets

In other Alpha Metallurgical Resources news, Director Kenneth S. Courtis sold 22,802 shares of the business’s stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $302.81, for a total transaction of $6,904,673.62. Following the completion of the transaction, the director now owns 638,234 shares of the company’s stock, valued at $193,263,637.54. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, Director Kenneth S. Courtis sold 22,802 shares of the business’s stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $302.81, for a total transaction of $6,904,673.62. Following the sale, the director now directly owns 638,234 shares in the company, valued at $193,263,637.54. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Kenneth S. Courtis sold 15,000 shares of the business’s stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $318.95, for a total value of $4,784,250.00. Following the sale, the director now owns 681,036 shares in the company, valued at $217,216,432.20. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 153,971 shares of company stock valued at $55,479,986. 15.00% of the stock is currently owned by corporate insiders.

Alpha Metallurgical Resources Company Profile

Alpha Metallurgical Resources, Inc, a mining company, produces, processes, and sells met and thermal coal in Virginia and West Virginia. The company offers metallurgical coal products. It operates twenty-two active mines and nine coal preparation and load-out facilities. The company was formerly known as Contura Energy, Inc and changed its name to Alpha Metallurgical Resources, Inc in February 2021.