6,792 Shares in Alpha Metallurgical Resources, Inc. (NYSE:AMR) Purchased by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund acquired a new position in shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 6,792 shares of the energy company’s stock, valued at approximately $2,302,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Wetzel Investment Advisors Inc. acquired a new position in Alpha Metallurgical Resources in the 4th quarter valued at $34,000. Exchange Traded Concepts LLC bought a new position in Alpha Metallurgical Resources during the third quarter worth about $41,000. DekaBank Deutsche Girozentrale acquired a new stake in Alpha Metallurgical Resources in the 3rd quarter worth about $132,000. CI Investments Inc. acquired a new position in shares of Alpha Metallurgical Resources during the 3rd quarter worth approximately $188,000. Finally, Kingsview Wealth Management LLC acquired a new stake in shares of Alpha Metallurgical Resources in the third quarter valued at approximately $210,000. Institutional investors and hedge funds own 84.29% of the company’s stock.

Analyst Ratings Changes

Separately, B. Riley reduced their price target on Alpha Metallurgical Resources from $381.00 to $374.00 and set a “buy” rating on the stock in a research report on Monday, April 15th.

Insider Buying and Selling at Alpha Metallurgical Resources

In related news, CAO Roger Lee Nicholson sold 6,629 shares of the company’s stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $369.71, for a total value of $2,450,807.59. Following the sale, the chief accounting officer now directly owns 10,720 shares in the company, valued at $3,963,291.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Alpha Metallurgical Resources news, CAO Roger Lee Nicholson sold 6,629 shares of the stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $369.71, for a total transaction of $2,450,807.59. Following the completion of the sale, the chief accounting officer now directly owns 10,720 shares in the company, valued at approximately $3,963,291.20. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Kenneth S. Courtis sold 22,802 shares of the business’s stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $302.81, for a total value of $6,904,673.62. Following the completion of the transaction, the director now directly owns 638,234 shares in the company, valued at $193,263,637.54. The disclosure for this sale can be found here. In the last quarter, insiders have sold 153,971 shares of company stock worth $55,479,986. Insiders own 15.00% of the company’s stock.

Alpha Metallurgical Resources Price Performance

Shares of AMR opened at $341.44 on Friday. The company has a market cap of $4.44 billion, a P/E ratio of 7.01 and a beta of 1.35. The firm has a 50 day simple moving average of $343.04 and a two-hundred day simple moving average of $319.13. Alpha Metallurgical Resources, Inc. has a one year low of $132.72 and a one year high of $452.00.

Alpha Metallurgical Resources (NYSE:AMR) last posted 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 business had revenue of $959.90 million for the quarter, compared to the consensus estimate of $796.65 million. Alpha Metallurgical Resources had a net margin of 20.80% and a return on equity of 46.22%. The firm’s revenue was up 16.6% compared to the same quarter last year. During the same period last year, the company earned $13.37 EPS. On average, analysts expect that Alpha Metallurgical Resources, Inc. will post 29.82 earnings per share for the current fiscal year.

About Alpha Metallurgical Resources

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.