Contrarius Group Holdings Ltd Lowers Stock Position in Alpha Metallurgical Resources, Inc. $AMR

Contrarius Group Holdings Ltd lowered its position in Alpha Metallurgical Resources, Inc. (NYSE:AMR) by 21.0% in the 4th quarter, HoldingsChannel.com reports. The firm owned 58,481 shares of the energy company’s stock after selling 15,541 shares during the period. Alpha Metallurgical Resources comprises about 0.6% of Contrarius Group Holdings Ltd’s portfolio, making the stock its 24th largest holding. Contrarius Group Holdings Ltd’s holdings in Alpha Metallurgical Resources were worth $11,689,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Los Angeles Capital Management LLC purchased a new stake in shares of Alpha Metallurgical Resources in the fourth quarter valued at about $29,000. Hantz Financial Services Inc. lifted its position in shares of Alpha Metallurgical Resources by 361.5% during the 3rd quarter. Hantz Financial Services Inc. now owns 240 shares of the energy company’s stock worth $39,000 after buying an additional 188 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in shares of 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 buying an additional 175 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of Alpha Metallurgical Resources by 31.7% during the 4th quarter. GAMMA Investing LLC now owns 515 shares of the energy company’s stock worth $103,000 after buying an additional 124 shares in the last quarter. Finally, Legacy Capital Group California Inc. bought a new position in shares of Alpha Metallurgical Resources during the 4th quarter worth approximately $205,000. Hedge funds and other institutional investors own 84.29% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Weiss Ratings reissued a “sell (d)” rating on shares of Alpha Metallurgical Resources in a research report on Friday, March 27th. Jefferies Financial Group reissued a “hold” rating and issued a $185.00 price objective on shares of Alpha Metallurgical Resources in a research report on Monday, March 2nd. B. Riley Financial boosted their price objective on Alpha Metallurgical Resources from $203.00 to $207.00 and gave the stock a “neutral” rating in a research report on Thursday, March 5th. Benchmark reissued a “hold” rating on shares of Alpha Metallurgical Resources in a research report on Monday, March 2nd. Finally, Zacks Research lowered shares of Alpha Metallurgical Resources from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 5th. Four analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Alpha Metallurgical Resources currently has an average rating of “Reduce” and a consensus price target of $195.33.

Insider Buying and Selling at Alpha Metallurgical Resources

In other Alpha Metallurgical Resources news, EVP Mark Matthew Manno sold 460 shares of the business’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of $214.64, for a total value of $98,734.40. Following the sale, the executive vice president directly owned 3,966 shares in the company, valued at $851,262.24. The trade was a 10.39% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Kenneth S. Courtis acquired 15,000 shares of the company’s stock in a transaction on Tuesday, May 12th. The shares were acquired at an average cost of $189.22 per share, for a total transaction of $2,838,300.00. Following the completion of the acquisition, the director owned 975,394 shares of the company’s stock, valued at approximately $184,564,052.68. The trade was a 1.56% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have bought a total of 48,000 shares of company stock worth $8,963,160 over the last ninety days. 18.20% of the stock is currently owned by company insiders.

Alpha Metallurgical Resources Trading Up 0.5%

Shares of AMR stock opened at $203.32 on Monday. The company has a 50 day moving average of $195.88 and a 200-day moving average of $195.45. The company has a quick ratio of 2.81, a current ratio of 3.67 and a debt-to-equity ratio of 0.01. Alpha Metallurgical Resources, Inc. has a 12-month low of $97.41 and a 12-month high of $253.82. The firm has a market cap of $2.59 billion, a P/E ratio of -67.77 and a beta of 0.62.

Alpha Metallurgical Resources (NYSE:AMR) last issued its quarterly earnings results on Friday, May 8th. The energy company reported ($0.86) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.86). The company had revenue of $447.32 million during the quarter, compared to analyst estimates of $535.15 million. Alpha Metallurgical Resources had a negative net margin of 1.83% and a negative return on equity of 2.47%. Alpha Metallurgical Resources’s quarterly revenue was down 1.3% compared to the same quarter last year. During the same quarter last year, the business posted ($2.60) EPS. Sell-side analysts anticipate that Alpha Metallurgical Resources, Inc. will post 11.98 earnings per share for the current 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.