State Board of Administration of Florida Retirement System Invests $635,000 in Alpha Metallurgical Resources, Inc. (NYSE:AMR)

State Board of Administration of Florida Retirement System purchased a new position in shares of Alpha Metallurgical Resources, Inc. (NYSE:AMRGet Rating) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 4,920 shares of the energy company’s stock, valued at approximately $635,000.

Other hedge funds also recently modified their holdings of the company. Captrust Financial Advisors increased its stake in shares of Alpha Metallurgical Resources by 344.0% during the 1st quarter. Captrust Financial Advisors now owns 222 shares of the energy company’s stock worth $29,000 after purchasing an additional 172 shares during the last quarter. Financial Management Professionals Inc. acquired a new position in Alpha Metallurgical Resources in the 2nd quarter valued at $32,000. Triasima Portfolio Management inc. acquired a new position in Alpha Metallurgical Resources in the 2nd quarter valued at $47,000. Nisa Investment Advisors LLC acquired a new position in Alpha Metallurgical Resources in the 2nd quarter valued at $59,000. Finally, DekaBank Deutsche Girozentrale acquired a new position in Alpha Metallurgical Resources in the 2nd quarter valued at $76,000. Institutional investors and hedge funds own 74.69% of the company’s stock.

Analyst Upgrades and Downgrades

AMR has been the topic of a number of research analyst reports. Cowen lowered their target price on shares of Alpha Metallurgical Resources to $215.00 in a research note on Tuesday. Cowen lowered their target price on shares of Alpha Metallurgical Resources from $225.00 to $215.00 in a research note on Tuesday, November 8th. Finally, B. Riley raised their target price on shares of Alpha Metallurgical Resources from $189.00 to $195.00 in a research note on Tuesday, November 8th.

Insider Transactions at Alpha Metallurgical Resources

In other news, CEO David J. Stetson sold 15,000 shares of the firm’s stock in a transaction dated Wednesday, August 24th. The shares were sold at an average price of $166.68, for a total transaction of $2,500,200.00. Following the completion of the transaction, the chief executive officer now directly owns 75,739 shares of the company’s stock, valued at approximately $12,624,176.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 5.70% of the stock is owned by insiders.

Alpha Metallurgical Resources Price Performance

Shares of Alpha Metallurgical Resources stock opened at $159.94 on Friday. Alpha Metallurgical Resources, Inc. has a fifty-two week low of $43.00 and a fifty-two week high of $186.98. The firm has a fifty day moving average price of $151.28 and a two-hundred day moving average price of $149.21. The company has a market cap of $2.55 billion, a PE ratio of 2.05 and a beta of 1.29.

Alpha Metallurgical Resources (NYSE:AMRGet Rating) last issued its quarterly earnings results on Monday, November 7th. The energy company reported $14.21 earnings per share for the quarter, missing analysts’ consensus estimates of $16.79 by ($2.58). Alpha Metallurgical Resources had a net margin of 36.17% and a return on equity of 142.30%. The company had revenue of $869.77 million during the quarter, compared to the consensus estimate of $880.00 million. Analysts expect that Alpha Metallurgical Resources, Inc. will post 78.49 earnings per share for the current fiscal year.

Alpha Metallurgical Resources Increases Dividend

The firm also recently disclosed a None dividend, which will be paid on Tuesday, January 3rd. Stockholders of record on Thursday, December 15th will be issued a dividend of $5.418 per share. This represents a dividend yield of 14%. This is an increase from Alpha Metallurgical Resources’s previous None dividend of $0.39. The ex-dividend date is Wednesday, December 14th. Alpha Metallurgical Resources’s dividend payout ratio (DPR) is presently 2.01%.

Alpha Metallurgical Resources Company Profile

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Alpha Metallurgical Resources, Inc, a mining company, produces, processes, and sells met and thermal coal in Virginia and West Virginia. As of December 31, 2021, it operated twenty active mines and eight coal preparation and load-out facilities. The company was formerly known as Contura Energy, Inc and changed its name to Alpha Metallurgical Resources, Inc in February 2021.

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Institutional Ownership by Quarter for Alpha Metallurgical Resources (NYSE:AMR)

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