Systrade AG Sells 30,000 Shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR)

Systrade AG cut its stake in shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR) by 11.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 240,000 shares of the energy company’s stock after selling 30,000 shares during the quarter. Alpha Metallurgical Resources accounts for about 96.3% of Systrade AG’s portfolio, making the stock its largest position. Systrade AG owned about 1.84% of Alpha Metallurgical Resources worth $79,481,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. GAMMA Investing LLC bought a new position in shares of Alpha Metallurgical Resources during the 4th quarter valued at approximately $33,000. Wetzel Investment Advisors Inc. purchased a new stake in Alpha Metallurgical Resources during the fourth quarter valued at about $34,000. Quadrant Capital Group LLC bought a new stake in Alpha Metallurgical Resources during the 4th quarter valued at $35,000. Creekmur Asset Management LLC purchased a new stake in Alpha Metallurgical Resources in the fourth quarter worth $36,000. Finally, PNC Financial Services Group Inc. grew its holdings in shares of Alpha Metallurgical Resources by 947.1% during the 4th quarter. PNC Financial Services Group Inc. now owns 178 shares of the energy company’s stock worth $60,000 after acquiring an additional 161 shares during the period. Institutional investors own 84.29% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on AMR shares. Benchmark reiterated a “hold” rating on shares of Alpha Metallurgical Resources in a research note on Tuesday, May 7th. B. Riley boosted their price target on shares of Alpha Metallurgical Resources from $374.00 to $375.00 and gave the stock a “buy” rating in a research note on Tuesday, May 7th.

Alpha Metallurgical Resources Price Performance

NYSE AMR traded down $5.64 during trading on Thursday, hitting $275.64. The company’s stock had a trading volume of 157,226 shares, compared to its average volume of 223,444. The business’s 50 day simple moving average is $306.95 and its 200-day simple moving average is $337.29. The company has a market cap of $3.59 billion, a PE ratio of 6.81 and a beta of 1.33. Alpha Metallurgical Resources, Inc. has a fifty-two week low of $151.24 and a fifty-two week high of $452.00.

Alpha Metallurgical Resources (NYSE:AMR) last announced its earnings results on Monday, May 6th. The energy company reported $9.59 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $9.61 by ($0.02). The business had revenue of $864.07 million for the quarter, compared to analysts’ expectations of $845.35 million. Alpha Metallurgical Resources had a net margin of 16.89% and a return on equity of 36.77%. The company’s quarterly revenue was down 5.2% on a year-over-year basis. During the same quarter last year, the business earned $17.01 EPS. Analysts expect that Alpha Metallurgical Resources, Inc. will post 28.91 EPS for the current fiscal year.

Insider Activity

In other news, CAO Roger Lee Nicholson sold 3,593 shares of Alpha Metallurgical Resources stock in a transaction on Tuesday, May 14th. The shares were sold at an average price of $290.16, for a total value of $1,042,544.88. Following the transaction, the chief accounting officer now directly owns 6,127 shares of the company’s stock, valued at approximately $1,777,810.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 15.00% of the company’s stock.

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.