Credit Suisse AG Purchases 1,065 Shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR)

Credit Suisse AG grew its stake in Alpha Metallurgical Resources, Inc. (NYSE:AMR – Get Rating) by 8.6% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 13,470 shares of the energy company’s stock after purchasing an additional 1,065 shares during the quarter. Credit Suisse AG owned about 0.08% of Alpha Metallurgical Resources worth $1,842,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Captrust Financial Advisors boosted its position in 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 acquiring an additional 172 shares during the last quarter. Macquarie Group Ltd. bought a new position in Alpha Metallurgical Resources during the 2nd quarter worth $32,000. Nisa Investment Advisors LLC bought a new position in Alpha Metallurgical Resources during the 2nd quarter worth $59,000. USA Financial Portformulas Corp bought a new position in Alpha Metallurgical Resources during the 3rd quarter worth $84,000. Finally, Islay Capital Management LLC bought a new position in shares of Alpha Metallurgical Resources in the second quarter worth $118,000. Institutional investors and hedge funds own 81.21% of the company’s stock.

Insider Activity at Alpha Metallurgical Resources

In related news, CAO Roger Lee Nicholson sold 11,603 shares of the firm’s stock in a transaction dated Monday, February 27th. The shares were sold at an average price of $162.48, for a total transaction of $1,885,255.44. Following the completion of the sale, the chief accounting officer now owns 21,842 shares in the company, valued at $3,548,888.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, CAO Roger Lee Nicholson sold 11,603 shares of Alpha Metallurgical Resources stock in a transaction dated Monday, February 27th. The shares were sold at an average price of $162.48, for a total value of $1,885,255.44. Following the completion of the transaction, the chief accounting officer now owns 21,842 shares in the company, valued at $3,548,888.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Jason E. Whitehead sold 15,552 shares of the firm’s stock in a transaction that occurred on Monday, February 27th. The shares were sold at an average price of $160.44, for a total transaction of $2,495,162.88. Following the completion of the transaction, the chief operating officer now owns 33,348 shares of the company’s stock, valued at $5,350,353.12. The disclosure for this sale can be found here. Insiders have sold 34,375 shares of company stock valued at $5,593,739 over the last ninety days. Corporate insiders own 5.70% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on AMR shares. Cowen raised their price target on Alpha Metallurgical Resources from $200.00 to $210.00 in a research report on Monday, February 27th. Cowen reduced their price target on shares of Alpha Metallurgical Resources to $215.00 in a research note on Tuesday, November 15th. Finally, B. Riley upped their price objective on shares of Alpha Metallurgical Resources from $193.00 to $202.00 in a research report on Tuesday, January 17th.

Alpha Metallurgical Resources Stock Down 1.0 %

Shares of NYSE AMR opened at $181.12 on Tuesday. The firm has a market cap of $2.75 billion, a PE ratio of 2.32 and a beta of 1.28. Alpha Metallurgical Resources, Inc. has a 12-month low of $103.90 and a 12-month high of $186.98. The company’s fifty day simple moving average is $160.37 and its 200 day simple moving average is $156.21. The company has a quick ratio of 2.27, a current ratio of 2.77 and a debt-to-equity ratio of 0.01.

Alpha Metallurgical Resources Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, April 3rd. Investors of record on Wednesday, March 15th will be given a dividend of $0.44 per share. This is a positive change from Alpha Metallurgical Resources’s previous quarterly dividend of $0.39. This represents a $1.76 dividend on an annualized basis and a dividend yield of 0.97%. The ex-dividend date of this dividend is Tuesday, March 14th. Alpha Metallurgical Resources’s dividend payout ratio (DPR) is presently 2.14%.

About Alpha Metallurgical Resources

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Alpha Metallurgical Resources, Inc is a mining company. It engages in the provision of met and thermal coal. The firm operates through the following business segments: Met, CAPP-Thermal, and All Other. The Met segment consists of met coal mines, including Deep Mine 41, Road Fork 52, Black Eagle, and Lynn Branch.