GSA Capital Partners LLP Lowers Stock Position in Alpha Metallurgical Resources, Inc. $AMR

GSA Capital Partners LLP lessened its position in shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR) by 68.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,288 shares of the energy company’s stock after selling 13,780 shares during the period. GSA Capital Partners LLP’s holdings in Alpha Metallurgical Resources were worth $1,032,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Financial Management Professionals Inc. purchased a new stake in shares of Alpha Metallurgical Resources during the 3rd quarter worth about $25,000. Hantz Financial Services Inc. increased its position in shares of Alpha Metallurgical Resources by 361.5% in the third quarter. Hantz Financial Services Inc. now owns 240 shares of the energy company’s stock worth $39,000 after acquiring an additional 188 shares in the last quarter. CWM LLC raised its stake in shares of Alpha Metallurgical Resources by 146.0% in the 3rd quarter. CWM LLC now owns 246 shares of the energy company’s stock valued at $40,000 after acquiring an additional 146 shares during the period. Farther Finance Advisors LLC lifted its holdings in shares of Alpha Metallurgical Resources by 48.9% during the 3rd quarter. Farther Finance Advisors LLC now owns 265 shares of the energy company’s stock valued at $43,000 after acquiring an additional 87 shares in the last quarter. Finally, PNC Financial Services Group Inc. boosted its position in Alpha Metallurgical Resources by 85.4% during the 3rd quarter. PNC Financial Services Group Inc. now owns 380 shares of the energy company’s stock worth $62,000 after purchasing an additional 175 shares during the period. 84.29% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on AMR. B. Riley Financial downgraded Alpha Metallurgical Resources from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $204.00 to $203.00 in a research report on Wednesday, February 4th. Jefferies Financial Group increased their price objective on shares of Alpha Metallurgical Resources from $165.00 to $205.00 and gave the company a “hold” rating in a research report on Tuesday, January 20th. Texas Capital lowered shares of Alpha Metallurgical Resources from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 29th. Weiss Ratings restated a “sell (d)” rating on shares of Alpha Metallurgical Resources in a research note on Monday, December 29th. Finally, Zacks Research lowered shares of Alpha Metallurgical Resources from a “hold” rating to a “strong sell” rating in a report on Thursday, February 5th. Three analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, Alpha Metallurgical Resources currently has a consensus rating of “Reduce” and a consensus target price of $204.00.

Alpha Metallurgical Resources Trading Down 2.5%

Shares of NYSE:AMR opened at $176.23 on Friday. The firm’s 50 day moving average is $210.53 and its two-hundred day moving average is $176.24. The firm has a market capitalization of $2.27 billion, a P/E ratio of -49.50 and a beta of 0.78. Alpha Metallurgical Resources, Inc. has a 52 week low of $97.41 and a 52 week high of $253.82.

Insider Buying and Selling

In related news, Director Michael Gorzynski purchased 38,576 shares of the stock in a transaction dated Monday, December 15th. The shares were acquired at an average cost of $188.50 per share, for a total transaction of $7,271,576.00. Following the acquisition, the director directly owned 644,025 shares in the company, valued at approximately $121,398,712.50. The trade was a 6.37% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Kenneth S. Courtis purchased 9,000 shares of Alpha Metallurgical Resources stock in a transaction dated Monday, December 15th. The shares were purchased at an average price of $188.16 per share, with a total value of $1,693,440.00. Following the completion of the acquisition, the director owned 816,537 shares in the company, valued at $153,639,601.92. The trade was a 1.11% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last ninety days, insiders acquired 98,576 shares of company stock worth $17,994,174. Corporate insiders own 16.00% of the company’s stock.

Alpha Metallurgical Resources Company 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.