Investment House LLC Acquires 6,531 Shares of Alpha Metallurgical Resources, Inc. $AMR

Investment House LLC boosted its stake in Alpha Metallurgical Resources, Inc. (NYSE:AMR) by 112.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,341 shares of the energy company’s stock after acquiring an additional 6,531 shares during the period. Investment House LLC owned 0.09% of Alpha Metallurgical Resources worth $2,025,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. The Manufacturers Life Insurance Company raised its holdings in Alpha Metallurgical Resources by 1.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 6,256 shares of the energy company’s stock worth $704,000 after purchasing an additional 76 shares in the last quarter. GAMMA Investing LLC raised its stake in Alpha Metallurgical Resources by 26.5% in the third quarter. GAMMA Investing LLC now owns 391 shares of the energy company’s stock worth $64,000 after buying an additional 82 shares in the last quarter. Farther Finance Advisors LLC lifted its holdings in Alpha Metallurgical Resources by 48.9% in the third quarter. Farther Finance Advisors LLC now owns 265 shares of the energy company’s stock worth $43,000 after buying an additional 87 shares during the period. Amalgamated Bank lifted its holdings in Alpha Metallurgical Resources by 3.5% in the third quarter. Amalgamated Bank now owns 3,233 shares of the energy company’s stock worth $531,000 after buying an additional 108 shares during the period. Finally, SummerHaven Investment Management LLC boosted its position in Alpha Metallurgical Resources by 4.4% during the 2nd quarter. SummerHaven Investment Management LLC now owns 2,688 shares of the energy company’s stock valued at $302,000 after acquiring an additional 114 shares in the last quarter. 84.29% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on AMR. Weiss Ratings reissued a “sell (d)” rating on shares of Alpha Metallurgical Resources in a research report on Monday, December 29th. Jefferies Financial Group upped their price target on Alpha Metallurgical Resources from $165.00 to $205.00 and gave the stock a “hold” rating in a research note on Tuesday. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $188.00.

Insiders Place Their Bets

In other news, insider Daniel E. Horn sold 8,125 shares of Alpha Metallurgical Resources stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $188.32, for a total value of $1,530,100.00. Following the completion of the transaction, the insider owned 4,989 shares of the company’s stock, valued at $939,528.48. The trade was a 61.96% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Michael Gorzynski acquired 38,576 shares of the business’s stock in a transaction that occurred on Monday, December 15th. The shares were purchased at an average cost of $188.50 per share, for a total transaction of $7,271,576.00. Following the completion of the transaction, the director directly owned 644,025 shares in the company, valued at $121,398,712.50. The trade was a 6.37% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last three months, insiders have purchased 98,576 shares of company stock valued at $17,994,174. 16.00% of the stock is currently owned by corporate insiders.

Alpha Metallurgical Resources Stock Performance

Shares of NYSE AMR opened at $231.76 on Friday. The company has a 50 day simple moving average of $198.15 and a two-hundred day simple moving average of $166.53. Alpha Metallurgical Resources, Inc. has a fifty-two week low of $97.41 and a fifty-two week high of $253.82. The company has a market capitalization of $2.98 billion, a price-to-earnings ratio of -65.10 and a beta of 0.79.

Alpha Metallurgical Resources (NYSE:AMR) last issued its quarterly earnings results on Thursday, November 6th. The energy company reported ($0.42) EPS for the quarter, missing analysts’ consensus estimates of ($0.35) by ($0.07). The company had revenue of $526.78 million during the quarter, compared to the consensus estimate of $543.77 million. Alpha Metallurgical Resources had a negative return on equity of 2.88% and a negative net margin of 2.09%.The business’s revenue for the quarter was down 21.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.29 earnings per share. On average, analysts forecast that Alpha Metallurgical Resources, Inc. will post 14.31 earnings per share for the current fiscal year.

Alpha Metallurgical Resources Profile

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.