Old West Investment Management LLC Acquires 18,297 Shares of Alpha Metallurgical Resources, Inc. $AMR

Old West Investment Management LLC boosted its holdings in shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR) by 182.0% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 28,350 shares of the energy company’s stock after buying an additional 18,297 shares during the period. Old West Investment Management LLC’s holdings in Alpha Metallurgical Resources were worth $4,652,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Quadrature Capital Ltd bought a new position in shares of Alpha Metallurgical Resources in the second quarter valued at approximately $958,000. Investment House LLC boosted its holdings in shares of Alpha Metallurgical Resources by 112.4% during the 3rd quarter. Investment House LLC now owns 12,341 shares of the energy company’s stock worth $2,025,000 after buying an additional 6,531 shares during the period. First Citizens Bank & Trust Co. acquired a new position in Alpha Metallurgical Resources in the 2nd quarter valued at $481,000. Financial Enhancement Group LLC acquired a new position in Alpha Metallurgical Resources in the 3rd quarter valued at $1,715,000. Finally, Geode Capital Management LLC raised its holdings in Alpha Metallurgical Resources by 6.1% in the 2nd quarter. Geode Capital Management LLC now owns 268,609 shares of the energy company’s stock worth $30,219,000 after acquiring an additional 15,525 shares during the period. 84.29% of the stock is currently owned by institutional investors.

Alpha Metallurgical Resources Stock Performance

NYSE AMR opened at $206.39 on Friday. Alpha Metallurgical Resources, Inc. has a twelve month low of $97.41 and a twelve month high of $253.82. The stock has a market cap of $2.65 billion, a PE ratio of -57.97 and a beta of 0.78. The firm has a 50-day simple moving average of $208.59 and a 200 day simple moving average of $172.59.

Alpha Metallurgical Resources (NYSE:AMR) last issued its quarterly earnings results on Thursday, November 6th. The energy company reported ($0.42) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.35) by ($0.07). Alpha Metallurgical Resources had a negative net margin of 2.09% and a negative return on equity of 2.88%. The firm had revenue of $526.78 million for the quarter, compared to the consensus estimate of $543.77 million. During the same quarter in the prior year, the firm earned $0.29 earnings per share. The company’s revenue was down 21.6% on a year-over-year basis. Research analysts forecast that Alpha Metallurgical Resources, Inc. will post 14.31 earnings per share for the current fiscal year.

Insider Transactions at Alpha Metallurgical Resources

In other Alpha Metallurgical Resources news, insider Daniel E. Horn sold 8,125 shares of Alpha Metallurgical Resources stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $188.32, for a total transaction of $1,530,100.00. Following the sale, the insider owned 4,989 shares in the company, valued at $939,528.48. The trade was a 61.96% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Kenneth S. Courtis purchased 9,000 shares of the stock in a transaction on Monday, December 15th. The stock was acquired at an average cost of $188.16 per share, for a total transaction of $1,693,440.00. Following the acquisition, the director directly owned 816,537 shares in the company, valued at approximately $153,639,601.92. This trade represents a 1.11% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last quarter, insiders have bought 98,576 shares of company stock valued at $17,994,174. 16.00% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts have issued reports on AMR shares. Texas Capital cut shares of Alpha Metallurgical Resources from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 29th. B.Riley Securit cut Alpha Metallurgical Resources from a “strong-buy” rating to a “hold” rating in a research report on Wednesday. Zacks Research downgraded Alpha Metallurgical Resources from a “hold” rating to a “strong sell” rating in a research note on Thursday. B. Riley Securities reaffirmed a “neutral” rating and issued a $203.00 price target (down from $204.00) on shares of Alpha Metallurgical Resources in a research report on Wednesday. Finally, B. Riley Financial lowered Alpha Metallurgical Resources from a “buy” rating to a “neutral” rating and cut their price target for the stock from $204.00 to $203.00 in a report on Wednesday. Five investment analysts have rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, Alpha Metallurgical Resources has an average rating of “Reduce” and an average target price of $203.67.

About Alpha Metallurgical Resources

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.