Alpha Metallurgical Resources, Inc. $AMR Shares Bought by Goehring & Rozencwajg Associates LLC

Goehring & Rozencwajg Associates LLC grew its position in shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR) by 6.0% in the 4th quarter, HoldingsChannel.com reports. The fund owned 78,895 shares of the energy company’s stock after purchasing an additional 4,459 shares during the quarter. Alpha Metallurgical Resources accounts for about 1.5% of Goehring & Rozencwajg Associates LLC’s holdings, making the stock its 22nd biggest holding. Goehring & Rozencwajg Associates LLC’s holdings in Alpha Metallurgical Resources were worth $15,770,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Caitong International Asset Management Co. Ltd boosted its holdings in shares of Alpha Metallurgical Resources by 215.4% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 164 shares of the energy company’s stock valued at $33,000 after acquiring an additional 112 shares during the period. Wells Fargo & Company MN boosted its holdings in shares of Alpha Metallurgical Resources by 52.4% during the fourth quarter. Wells Fargo & Company MN now owns 14,029 shares of the energy company’s stock valued at $2,804,000 after acquiring an additional 4,826 shares during the period. Dalal Street LLC lifted its holdings in Alpha Metallurgical Resources by 2.1% in the fourth quarter. Dalal Street LLC now owns 543,000 shares of the energy company’s stock worth $108,535,000 after purchasing an additional 11,000 shares during the period. DRW Securities LLC acquired a new stake in Alpha Metallurgical Resources in the fourth quarter worth about $1,855,000. Finally, Sprott Inc. acquired a new stake in Alpha Metallurgical Resources in the fourth quarter worth about $381,000. Institutional investors and hedge funds own 84.29% of the company’s stock.

Alpha Metallurgical Resources Stock Performance

AMR stock opened at $201.25 on Friday. The company has a market capitalization of $2.56 billion, a P/E ratio of -67.08 and a beta of 0.62. The company has a 50-day simple moving average of $194.36 and a 200 day simple moving average of $196.51. Alpha Metallurgical Resources, Inc. has a fifty-two week low of $97.41 and a fifty-two week high of $253.82. 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 (NYSE:AMR) last issued its quarterly earnings results on Friday, May 8th. The energy company reported ($0.86) EPS for the quarter, hitting the consensus estimate of ($0.86). Alpha Metallurgical Resources had a negative net margin of 1.83% and a negative return on equity of 2.47%. The firm had revenue of $447.32 million for the quarter, compared to analysts’ expectations of $535.15 million. During the same period in the previous year, the business earned ($2.60) earnings per share. Alpha Metallurgical Resources’s revenue for the quarter was down 1.3% compared to the same quarter last year. Sell-side analysts predict that Alpha Metallurgical Resources, Inc. will post 11.98 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Alpha Metallurgical Resources news, Director Kenneth S. Courtis purchased 15,000 shares of the company’s stock in a transaction on Tuesday, May 12th. The shares were purchased at an average cost of $189.22 per share, for a total transaction of $2,838,300.00. Following the completion of the transaction, the director owned 975,394 shares in the company, valued at $184,564,052.68. The trade was a 1.56% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Mark Matthew Manno sold 460 shares of the business’s stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $214.64, for a total transaction of $98,734.40. Following the completion of the sale, the executive vice president owned 3,966 shares in the company, valued at approximately $851,262.24. This trade represents a 10.39% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 18.20% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

AMR has been the subject of several research analyst reports. Atlantic Securities set a $194.00 price objective on shares of Alpha Metallurgical Resources in a report on Thursday, April 30th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Alpha Metallurgical Resources in a report on Friday, March 27th. Jefferies Financial Group reaffirmed a “hold” rating and issued a $185.00 price objective on shares of Alpha Metallurgical Resources in a report on Monday, March 2nd. Benchmark reaffirmed a “hold” rating on shares of Alpha Metallurgical Resources in a report on Monday, March 2nd. Finally, B. Riley Financial upped their price objective on shares of Alpha Metallurgical Resources from $203.00 to $207.00 and gave the stock a “neutral” rating in a report on Thursday, March 5th. Four research analysts have rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, Alpha Metallurgical Resources presently has an average rating of “Reduce” and an average price target of $195.33.

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.