Hosking Partners LLP Has $15.85 Million Position in Alpha Metallurgical Resources, Inc. $AMR

Hosking Partners LLP grew its holdings in shares of Alpha Metallurgical Resources, Inc. (NYSE:AMRFree Report) by 5.7% in the fourth quarter, HoldingsChannel.com reports. The fund owned 79,313 shares of the energy company’s stock after acquiring an additional 4,307 shares during the quarter. Hosking Partners LLP’s holdings in Alpha Metallurgical Resources were worth $15,853,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of AMR. Royal Bank of Canada grew its position in shares of Alpha Metallurgical Resources by 55.0% during the 1st quarter. Royal Bank of Canada now owns 2,029 shares of the energy company’s stock worth $254,000 after buying an additional 720 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Alpha Metallurgical Resources by 4.7% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,548 shares of the energy company’s stock valued at $820,000 after buying an additional 295 shares during the period. Millennium Management LLC grew its stake in shares of Alpha Metallurgical Resources by 208.0% in the 1st quarter. Millennium Management LLC now owns 106,107 shares of the energy company’s stock valued at $13,290,000 after buying an additional 71,653 shares during the period. Intech Investment Management LLC grew its stake in shares of Alpha Metallurgical Resources by 48.3% in the 1st quarter. Intech Investment Management LLC now owns 13,149 shares of the energy company’s stock valued at $1,647,000 after buying an additional 4,281 shares during the period. Finally, Creative Planning grew its stake in shares of Alpha Metallurgical Resources by 14.5% in the 2nd quarter. Creative Planning now owns 3,465 shares of the energy company’s stock valued at $390,000 after buying an additional 438 shares during the period. 84.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Alpha Metallurgical Resources

In other news, insider Daniel E. Horn sold 971 shares of the business’s stock in a transaction that occurred on Thursday, March 5th. The stock was sold at an average price of $170.05, for a total value of $165,118.55. Following the transaction, the insider owned 7,320 shares in the company, valued at $1,244,766. The trade was a 11.71% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Kenneth S. Courtis purchased 25,000 shares of the business’s stock in a transaction that occurred on Monday, March 9th. The stock was bought at an average cost of $176.23 per share, for a total transaction of $4,405,750.00. Following the completion of the acquisition, the director directly owned 841,537 shares in the company, valued at $148,304,065.51. The trade was a 3.06% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have acquired 58,000 shares of company stock worth $10,530,610 in the last 90 days. Insiders own 18.20% of the company’s stock.

Alpha Metallurgical Resources News Roundup

Here are the key news stories impacting Alpha Metallurgical Resources this week:

Alpha Metallurgical Resources Price Performance

AMR opened at $184.43 on Monday. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.67 and a quick ratio of 2.81. The company has a market capitalization of $2.36 billion, a price-to-earnings ratio of -61.48 and a beta of 0.60. The firm’s fifty day moving average price is $193.08 and its two-hundred day moving average price is $191.49. Alpha Metallurgical Resources, Inc. has a 1 year low of $97.41 and a 1 year high of $253.82.

Alpha Metallurgical Resources (NYSE:AMRGet Free Report) last announced its earnings results on Friday, May 8th. The energy company reported ($0.86) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.86). Alpha Metallurgical Resources had a negative return on equity of 2.47% and a negative net margin of 1.83%.The firm had revenue of $447.32 million for the quarter, compared to the consensus estimate of $535.15 million. During the same quarter in the previous year, the business earned ($2.60) EPS. The company’s revenue was down 1.3% compared to the same quarter last year. As a group, analysts anticipate that Alpha Metallurgical Resources, Inc. will post 11.98 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

AMR has been the subject of several research reports. Weiss Ratings restated a “sell (d)” rating on shares of Alpha Metallurgical Resources in a research note on Friday, March 27th. Texas Capital downgraded shares of Alpha Metallurgical Resources from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 29th. Atlantic Securities set a $194.00 price target on shares of Alpha Metallurgical Resources in a research report on Thursday, April 30th. B. Riley Financial lifted their price target on shares of Alpha Metallurgical Resources from $203.00 to $207.00 and gave the company a “neutral” rating in a research report on Thursday, March 5th. Finally, Benchmark reiterated a “hold” rating on shares of Alpha Metallurgical Resources in a research note on Monday, March 2nd. Four equities research analysts have rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Reduce” and a consensus price target of $195.33.

Check Out Our Latest Stock Analysis on Alpha Metallurgical Resources

Alpha Metallurgical Resources Company Profile

(Free Report)

Alpha Metallurgical Resources, Inc (NYSE: AMR) is a leading pure-play producer of high-grade metallurgical coal, primarily serving the global steelmaking industry. Headquartered in Bristol, Virginia, the company operates multiple underground and surface mining complexes across the central Appalachian and Illinois basins. Its production portfolio focuses on premium raw and semi-soft coking coal products tailored to meet the specifications of steel producers worldwide.

Formed in July 2021 through the spin-out of Contura Energy’s metallurgical coal business, Alpha Metallurgical Resources has built a reputation for operational excellence and cost-efficient mining.

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

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