Nisa Investment Advisors LLC Sells 800 Shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR)

Nisa Investment Advisors LLC lowered its holdings in shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR) by 31.7% in the fourth quarter, HoldingsChannel reports. The firm owned 1,720 shares of the energy company’s stock after selling 800 shares during the period. Nisa Investment Advisors LLC’s holdings in Alpha Metallurgical Resources were worth $583,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. State of Alaska Department of Revenue bought a new position in Alpha Metallurgical Resources during the fourth quarter worth about $2,465,000. Raymond James & Associates boosted its holdings in shares of Alpha Metallurgical Resources by 203.8% during the third quarter. Raymond James & Associates now owns 9,546 shares of the energy company’s stock worth $2,479,000 after acquiring an additional 6,404 shares during the period. Invesco Ltd. boosted its holdings in shares of Alpha Metallurgical Resources by 180.9% during the third quarter. Invesco Ltd. now owns 115,816 shares of the energy company’s stock worth $30,081,000 after acquiring an additional 74,583 shares during the period. J.P. Morgan Private Wealth Advisors LLC bought a new stake in shares of Alpha Metallurgical Resources during the third quarter worth approximately $28,239,000. Finally, Dalal Street LLC boosted its holdings in shares of Alpha Metallurgical Resources by 21.7% during the third quarter. Dalal Street LLC now owns 441,510 shares of the energy company’s stock worth $114,673,000 after acquiring an additional 78,861 shares during the period. Institutional investors own 84.29% of the company’s stock.

Alpha Metallurgical Resources Stock Up 7.5 %

Shares of NYSE:AMR opened at $349.28 on Wednesday. Alpha Metallurgical Resources, Inc. has a 12-month low of $132.72 and a 12-month high of $452.00. The stock has a market cap of $4.54 billion, a PE ratio of 7.17 and a beta of 1.35. The business has a 50 day moving average of $348.94 and a 200-day moving average of $315.86.

Alpha Metallurgical Resources (NYSE:AMR) last issued its quarterly earnings data on Monday, February 26th. The energy company reported $12.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $8.78 by $4.10. Alpha Metallurgical Resources had a return on equity of 46.22% and a net margin of 20.80%. The company had revenue of $959.90 million during the quarter, compared to analysts’ expectations of $796.65 million. During the same quarter in the previous year, the company posted $13.37 earnings per share. The business’s revenue was up 16.6% on a year-over-year basis. Equities research analysts expect that Alpha Metallurgical Resources, Inc. will post 37.3 earnings per share for the current year.

Insider Activity

In other news, CAO Roger Lee Nicholson sold 6,629 shares of Alpha Metallurgical Resources stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $369.71, for a total value of $2,450,807.59. Following the completion of the sale, the chief accounting officer now directly owns 10,720 shares in the company, valued at $3,963,291.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, Director David J. Stetson sold 30,694 shares of Alpha Metallurgical Resources stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $392.30, for a total value of $12,041,256.20. Following the completion of the sale, the director now directly owns 26,054 shares in the company, valued at $10,220,984.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CAO Roger Lee Nicholson sold 6,629 shares of Alpha Metallurgical Resources stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $369.71, for a total transaction of $2,450,807.59. Following the completion of the sale, the chief accounting officer now owns 10,720 shares of the company’s stock, valued at $3,963,291.20. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 153,971 shares of company stock worth $55,479,986. Corporate insiders own 16.40% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, B. Riley reduced their price objective on Alpha Metallurgical Resources from $381.00 to $374.00 and set a “buy” rating for the company in a report on Monday.

About Alpha Metallurgical Resources

Alpha Metallurgical Resources, Inc, a mining company, produces, processes, and sells met and thermal coal in Virginia and West Virginia. The company offers metallurgical coal products. It operates twenty-two active mines and nine 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.