Financial Strategies Group Inc. Grows Position in Alpha Metallurgical Resources, Inc. (NYSE:AMR)

Financial Strategies Group Inc. boosted its stake in shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR) by 25.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 3,257 shares of the energy company’s stock after purchasing an additional 664 shares during the period. Financial Strategies Group Inc.’s holdings in Alpha Metallurgical Resources were worth $652,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. GAMMA Investing LLC lifted its stake in Alpha Metallurgical Resources by 124.6% during the 3rd quarter. GAMMA Investing LLC now owns 137 shares of the energy company’s stock valued at $32,000 after acquiring an additional 76 shares during the period. Harbor Capital Advisors Inc. acquired a new stake in Alpha Metallurgical Resources during the 3rd quarter valued at approximately $36,000. Sound Income Strategies LLC acquired a new stake in Alpha Metallurgical Resources during the 3rd quarter valued at approximately $40,000. FNY Investment Advisers LLC acquired a new stake in Alpha Metallurgical Resources during the 4th quarter valued at approximately $50,000. Finally, KBC Group NV lifted its stake in shares of Alpha Metallurgical Resources by 58.7% in the 4th quarter. KBC Group NV now owns 473 shares of the energy company’s stock valued at $95,000 after purchasing an additional 175 shares during the period. Hedge funds and other institutional investors own 84.29% of the company’s stock.

Insiders Place Their Bets

In other Alpha Metallurgical Resources news, Director Kenneth S. Courtis sold 10,621 shares of the company’s stock in a transaction on Friday, December 13th. The shares were sold at an average price of $228.73, for a total transaction of $2,429,341.33. Following the completion of the transaction, the director now directly owns 603,342 shares in the company, valued at approximately $138,002,415.66. This represents a 1.73 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 16.40% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Separately, Benchmark reiterated a “hold” rating on shares of Alpha Metallurgical Resources in a research note on Monday, November 4th.

Alpha Metallurgical Resources Price Performance

AMR opened at $183.22 on Monday. The firm has a fifty day moving average price of $208.44 and a 200 day moving average price of $225.35. Alpha Metallurgical Resources, Inc. has a 1 year low of $173.55 and a 1 year high of $452.00. The stock has a market cap of $2.39 billion, a P/E ratio of 6.72 and a beta of 1.43.

Alpha Metallurgical Resources (NYSE:AMR) last posted its earnings results on Friday, November 1st. The energy company reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.60 by ($1.31). The firm had revenue of $671.90 million during the quarter, compared to analyst estimates of $672.95 million. Alpha Metallurgical Resources had a net margin of 11.08% and a return on equity of 22.65%. The business’s revenue for the quarter was down 9.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $6.65 earnings per share. Equities analysts expect that Alpha Metallurgical Resources, Inc. will post 14.31 EPS for the current year.

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.