Alpha Metallurgical Resources, Inc. $AMR Shares Bought by SG Americas Securities LLC

SG Americas Securities LLC raised its stake in Alpha Metallurgical Resources, Inc. (NYSE:AMR) by 712.1% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 18,914 shares of the energy company’s stock after purchasing an additional 16,585 shares during the period. SG Americas Securities LLC owned 0.15% of Alpha Metallurgical Resources worth $3,781,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Crocodile Capital Partners GmbH acquired a new position in Alpha Metallurgical Resources in the fourth quarter worth about $40,999,000. State Street Corp increased its holdings 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 buying an additional 185,281 shares during the last quarter. Contrarius Group Holdings Ltd acquired a new stake in Alpha Metallurgical Resources during the third quarter valued at approximately $12,146,000. Dalal Street LLC lifted its holdings in Alpha Metallurgical Resources by 15.6% during the 3rd quarter. Dalal Street LLC now owns 532,000 shares of the energy company’s stock worth $87,296,000 after buying an additional 71,673 shares during the last quarter. Finally, Millennium Management LLC lifted its holdings in Alpha Metallurgical Resources by 208.0% during the 1st quarter. Millennium Management LLC now owns 106,107 shares of the energy company’s stock worth $13,290,000 after buying an additional 71,653 shares during the last quarter. Institutional investors and hedge funds own 84.29% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on AMR shares. B. Riley Financial boosted their price target on Alpha Metallurgical Resources from $203.00 to $207.00 and gave the company a “neutral” rating in a report on Thursday, March 5th. Jefferies Financial Group restated a “hold” rating and set a $185.00 price objective on shares of Alpha Metallurgical Resources in a research note on Monday, March 2nd. Zacks Research downgraded shares of Alpha Metallurgical Resources from a “hold” rating to a “strong sell” rating in a report on Thursday, February 5th. Weiss Ratings reiterated a “sell (d)” rating on shares of Alpha Metallurgical Resources in a research note on Friday, March 27th. Finally, Benchmark reissued a “hold” rating on shares of Alpha Metallurgical Resources in a report on Monday, March 2nd. Four equities research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Reduce” and an average target price of $196.00.

Insider Transactions at Alpha Metallurgical Resources

In related news, insider Daniel E. Horn sold 971 shares of the company’s stock in a transaction dated Thursday, March 5th. The shares were sold at an average price of $170.05, for a total value of $165,118.55. Following the completion of the sale, the insider owned 7,320 shares of the company’s stock, valued at $1,244,766. This represents a 11.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Kenneth S. Courtis acquired 25,000 shares of Alpha Metallurgical Resources stock in a transaction that occurred on Monday, March 9th. The stock was bought at an average cost of $176.23 per share, with a total value of $4,405,750.00. Following the acquisition, the director directly owned 841,537 shares of the company’s stock, valued at approximately $148,304,065.51. This trade represents a 3.06% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last quarter, insiders acquired 58,000 shares of company stock valued at $10,530,610. 16.00% of the stock is currently owned by corporate insiders.

Alpha Metallurgical Resources Stock Performance

AMR opened at $209.06 on Friday. The company has a current ratio of 4.47, a quick ratio of 3.53 and a debt-to-equity ratio of 0.01. The business’s 50 day moving average is $194.19 and its 200-day moving average is $185.97. The stock has a market cap of $2.67 billion, a PE ratio of -44.11 and a beta of 0.73. Alpha Metallurgical Resources, Inc. has a twelve month low of $97.41 and a twelve month high of $253.82.

Alpha Metallurgical Resources (NYSE:AMR) last issued its quarterly earnings data on Friday, February 27th. The energy company reported ($1.34) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($1.34). The business had revenue of $436.33 million during the quarter, compared to analyst estimates of $538.45 million. Alpha Metallurgical Resources had a negative return on equity of 3.88% and a negative net margin of 2.90%.The business’s revenue for the quarter was down 15.7% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.16) EPS. On average, analysts predict that Alpha Metallurgical Resources, Inc. will post 14.31 earnings per share for the current year.

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.