Sei Investments Co. Increases Stock Holdings in Alpha Metallurgical Resources, Inc. $AMR

Sei Investments Co. boosted its holdings in Alpha Metallurgical Resources, Inc. (NYSE:AMR) by 86.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 38,213 shares of the energy company’s stock after purchasing an additional 17,673 shares during the quarter. Sei Investments Co.’s holdings in Alpha Metallurgical Resources were worth $7,844,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in AMR. State Street Corp boosted its stake in Alpha Metallurgical Resources by 27.2% in the 2nd quarter. State Street Corp now owns 865,934 shares of the energy company’s stock worth $97,400,000 after buying an additional 185,281 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Alpha Metallurgical Resources by 5.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 721,872 shares of the energy company’s stock valued at $148,192,000 after acquiring an additional 38,300 shares during the last quarter. Continental General Insurance Co. increased its stake in shares of Alpha Metallurgical Resources by 6.4% during the 4th quarter. Continental General Insurance Co. now owns 644,025 shares of the energy company’s stock valued at $128,728,000 after acquiring an additional 38,576 shares during the last quarter. Dalal Street LLC lifted its holdings in shares of Alpha Metallurgical Resources by 2.1% during the 4th quarter. Dalal Street LLC now owns 543,000 shares of the energy company’s stock worth $108,535,000 after acquiring an additional 11,000 shares during the period. Finally, Gendell Jeffrey L boosted its position in shares of Alpha Metallurgical Resources by 4.0% in the fourth quarter. Gendell Jeffrey L now owns 494,072 shares of the energy company’s stock worth $98,755,000 after acquiring an additional 19,033 shares during the last quarter. 84.29% of the stock is currently owned by hedge funds and other institutional investors.

Alpha Metallurgical Resources Stock Performance

NYSE AMR opened at $137.01 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. Alpha Metallurgical Resources, Inc. has a 1-year low of $113.00 and a 1-year high of $253.82. The firm has a market capitalization of $1.74 billion, a P/E ratio of -45.67 and a beta of 0.63. The business’s 50-day simple moving average is $170.94 and its 200-day simple moving average is $187.77.

Alpha Metallurgical Resources (NYSE:AMR) last posted its earnings results on Friday, May 8th. The energy company reported ($0.86) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.86). Alpha Metallurgical Resources had a negative net margin of 1.83% and a negative return on equity of 2.47%. The firm had revenue of $447.32 million during the quarter, compared to the consensus estimate of $535.15 million. During the same quarter in the prior year, the company earned ($2.60) EPS. The company’s revenue was down 1.3% on a year-over-year basis. Equities analysts predict that Alpha Metallurgical Resources, Inc. will post 0.2 EPS for the current year.

Insiders Place Their Bets

In other Alpha Metallurgical Resources news, Director Kenneth S. Courtis bought 10,000 shares of the business’s stock in a transaction dated Friday, June 12th. The shares were acquired at an average price of $200.73 per share, with a total value of $2,007,300.00. Following the purchase, the director owned 985,394 shares in the company, valued at approximately $197,798,137.62. The trade was a 1.03% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, COO Jason E. Whitehead sold 3,901 shares of Alpha Metallurgical Resources stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $212.28, for a total transaction of $828,104.28. Following the transaction, the chief operating officer owned 10,450 shares in the company, valued at $2,218,326. The trade was a 27.18% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 18.20% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. Weiss Ratings restated a “sell (d)” rating on shares of Alpha Metallurgical Resources in a report on Wednesday, June 24th. Jefferies Financial Group reaffirmed a “hold” rating and set a $160.00 price target on shares of Alpha Metallurgical Resources in a research note on Tuesday, July 21st. Zacks Research upgraded shares of Alpha Metallurgical Resources from a “strong sell” rating to a “hold” rating in a report on Wednesday, July 29th. B. Riley Financial lowered their price objective on shares of Alpha Metallurgical Resources from $194.00 to $189.00 and set a “neutral” rating for the company in a research note on Tuesday, July 28th. Finally, UBS Group initiated coverage on Alpha Metallurgical Resources in a report on Friday, July 10th. They set a “neutral” rating and a $165.00 price objective for the company. Six equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Reduce” and an average price target of $177.00.

About Alpha Metallurgical Resources

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.