Meixler Investment Management Ltd. Sells 2,116 Shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR)

Meixler Investment Management Ltd. decreased its holdings in shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR) by 24.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,548 shares of the energy company’s stock after selling 2,116 shares during the quarter. Alpha Metallurgical Resources comprises approximately 1.9% of Meixler Investment Management Ltd.’s holdings, making the stock its 12th largest position. Meixler Investment Management Ltd.’s holdings in Alpha Metallurgical Resources were worth $2,219,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. GAMMA Investing LLC bought a new position in Alpha Metallurgical Resources in the 4th quarter valued at $33,000. Wetzel Investment Advisors Inc. bought a new position in Alpha Metallurgical Resources during the fourth quarter worth about $34,000. Exchange Traded Concepts LLC bought a new stake in shares of Alpha Metallurgical Resources during the third quarter worth approximately $41,000. DekaBank Deutsche Girozentrale acquired a new stake in shares of Alpha Metallurgical Resources in the third quarter valued at approximately $132,000. Finally, GUNN & Co INVESTMENT MANAGEMENT INC. acquired a new stake in shares of Alpha Metallurgical Resources in the fourth quarter valued at approximately $235,000. Institutional investors and hedge funds own 84.29% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, B. Riley lowered their price target on shares of Alpha Metallurgical Resources from $381.00 to $374.00 and set a “buy” rating for the company in a report on Monday, April 15th.

Alpha Metallurgical Resources Trading Up 0.8 %

Shares of NYSE:AMR traded up $2.80 during mid-day trading on Friday, reaching $343.90. The company had a trading volume of 158,256 shares, compared to its average volume of 181,598. Alpha Metallurgical Resources, Inc. has a one year low of $132.72 and a one year high of $452.00. The firm has a market cap of $4.47 billion, a price-to-earnings ratio of 7.06 and a beta of 1.35. The company’s 50-day moving average price is $342.45 and its 200-day moving average price is $320.25.

Alpha Metallurgical Resources (NYSE:AMR) last announced its earnings results on Monday, February 26th. The energy company reported $12.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $8.78 by $4.10. The company had revenue of $959.90 million during the quarter, compared to analyst estimates 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 quarterly revenue was up 16.6% compared to the same quarter last year. During the same period in the previous year, the business earned $13.37 earnings per share. On average, research analysts anticipate that Alpha Metallurgical Resources, Inc. will post 29.82 EPS for the current fiscal year.

Insider Activity

In other Alpha Metallurgical Resources news, CAO Roger Lee Nicholson sold 6,629 shares of the stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $369.71, for a total value of $2,450,807.59. Following the transaction, the chief accounting officer now directly owns 10,720 shares in the company, valued at $3,963,291.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CAO Roger Lee Nicholson sold 6,629 shares of Alpha Metallurgical Resources stock in a transaction dated Thursday, February 29th. The shares were 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 owns 10,720 shares in the company, valued at approximately $3,963,291.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Kenneth S. Courtis sold 22,802 shares of Alpha Metallurgical Resources stock in a transaction that occurred on 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 directly owns 638,234 shares in the company, valued at approximately $193,263,637.54. The disclosure for this sale can be found here. Insiders have sold a total of 153,971 shares of company stock worth $55,479,986 over the last 90 days. 15.00% of the stock is currently owned by 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.