Alpha Metallurgical Resources, Inc. $AMR Shares Bought by NWF Advisory Services Inc.

NWF Advisory Services Inc. grew its holdings in Alpha Metallurgical Resources, Inc. (NYSE:AMR) by 10.6% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 39,535 shares of the energy company’s stock after acquiring an additional 3,798 shares during the period. NWF Advisory Services Inc.’s holdings in Alpha Metallurgical Resources were worth $8,115,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in AMR. Systrade AG purchased a new stake in Alpha Metallurgical Resources during the 4th quarter worth $55,966,000. Crocodile Capital Partners GmbH purchased a new position in Alpha Metallurgical Resources in the fourth quarter valued at about $40,999,000. State Street Corp raised its position in Alpha Metallurgical Resources by 27.2% in the second quarter. State Street Corp now owns 865,934 shares of the energy company’s stock valued at $97,400,000 after purchasing an additional 185,281 shares during the period. Millennium Management LLC lifted its stake in shares of Alpha Metallurgical Resources by 208.0% during the first quarter. Millennium Management LLC now owns 106,107 shares of the energy company’s stock worth $13,290,000 after purchasing an additional 71,653 shares in the last quarter. Finally, Two Sigma Investments LP acquired a new position in shares of Alpha Metallurgical Resources during the third quarter worth about $8,132,000. Institutional investors and hedge funds own 84.29% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on AMR. Zacks Research downgraded Alpha Metallurgical Resources from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 5th. Weiss Ratings reissued a “sell (d)” rating on shares of Alpha Metallurgical Resources in a research report on Wednesday, June 24th. UBS Group started coverage on Alpha Metallurgical Resources in a research report on Friday. They set a “neutral” rating and a $165.00 price target on the stock. Finally, Atlantic Securities set a $194.00 price target on Alpha Metallurgical Resources in a report on Thursday, April 30th. Five analysts have rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Reduce” and a consensus price target of $187.75.

Alpha Metallurgical Resources Stock Performance

Shares of AMR stock opened at $148.69 on Tuesday. Alpha Metallurgical Resources, Inc. has a 12 month low of $113.00 and a 12 month high of $253.82. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.67 and a quick ratio of 2.81. The firm has a market capitalization of $1.89 billion, a P/E ratio of -49.56 and a beta of 0.63. The company’s fifty day moving average price is $181.69 and its two-hundred day moving average price is $194.56.

Alpha Metallurgical Resources (NYSE:AMR) last announced its earnings results on Friday, May 8th. The energy company reported ($0.86) earnings per share for the quarter, meeting the consensus estimate of ($0.86). Alpha Metallurgical Resources had a negative return on equity of 2.47% and a negative net margin of 1.83%.The company had revenue of $447.32 million during the quarter, compared to the consensus estimate of $535.15 million. During the same period last year, the firm earned ($2.60) earnings per share. The company’s revenue was down 1.3% on a year-over-year basis. On average, research analysts anticipate that Alpha Metallurgical Resources, Inc. will post 8.21 earnings per share for the current fiscal year.

Insider Activity at Alpha Metallurgical Resources

In other Alpha Metallurgical Resources news, Director Kenneth S. Courtis acquired 15,000 shares of the stock in a transaction on Tuesday, May 12th. The stock was purchased at an average price of $189.22 per share, for a total transaction of $2,838,300.00. Following the purchase, the director directly owned 975,394 shares in the company, valued at $184,564,052.68. This trade represents a 1.56% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Jason E. Whitehead sold 3,901 shares of Alpha Metallurgical Resources stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $212.28, for a total value of $828,104.28. Following the sale, the chief operating officer owned 10,450 shares in the company, valued at $2,218,326. This represents a 27.18% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 18.20% of the stock is currently owned by company insiders.

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.