Louisiana State Employees Retirement System Buys New Shares in Alpha Metallurgical Resources, Inc. (NYSE:AMR)

Louisiana State Employees Retirement System bought a new stake in shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 5,900 shares of the energy company’s stock, valued at approximately $2,000,000.

Other large investors also recently modified their holdings of the company. State of Alaska Department of Revenue purchased a new position in shares of Alpha Metallurgical Resources during the 4th quarter valued at $2,465,000. Raymond James & Associates lifted its stake in shares of Alpha Metallurgical Resources by 203.8% during the 3rd quarter. Raymond James & Associates now owns 9,546 shares of the energy company’s stock valued at $2,479,000 after buying an additional 6,404 shares in the last quarter. Invesco Ltd. lifted its stake in shares of Alpha Metallurgical Resources by 180.9% during the 3rd quarter. Invesco Ltd. now owns 115,816 shares of the energy company’s stock valued at $30,081,000 after buying an additional 74,583 shares in the last quarter. J.P. Morgan Private Wealth Advisors LLC purchased a new position in shares of Alpha Metallurgical Resources during the 3rd quarter valued at $28,239,000. Finally, Dalal Street LLC lifted its stake in shares of Alpha Metallurgical Resources by 21.7% during the 3rd quarter. Dalal Street LLC now owns 441,510 shares of the energy company’s stock valued at $114,673,000 after buying an additional 78,861 shares in the last quarter. Hedge funds and other institutional investors own 84.29% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, B. Riley decreased their price target on shares of Alpha Metallurgical Resources from $381.00 to $374.00 and set a “buy” rating on the stock in a research note on Monday.

Insider Activity

In other news, Director David J. Stetson sold 4,502 shares of the company’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $388.26, for a total transaction of $1,747,946.52. Following the sale, the director now directly owns 20,104 shares in the company, valued at approximately $7,805,579.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO Charles Andrew Eidson sold 30,000 shares of the company’s stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $363.06, for a total transaction of $10,891,800.00. Following the sale, the chief executive officer now directly owns 50,025 shares in the company, valued at approximately $18,162,076.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director David J. Stetson sold 4,502 shares of the company’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $388.26, for a total transaction of $1,747,946.52. Following the sale, the director now owns 20,104 shares in the company, valued at $7,805,579.04. The disclosure for this sale can be found here. In the last three months, insiders have sold 153,971 shares of company stock worth $55,479,986. 16.40% of the stock is currently owned by corporate insiders.

Alpha Metallurgical Resources Stock Down 2.0 %

Shares of AMR stock opened at $342.25 on Thursday. The stock has a market cap of $4.45 billion, a P/E ratio of 7.03 and a beta of 1.35. Alpha Metallurgical Resources, Inc. has a 52 week low of $132.72 and a 52 week high of $452.00. The company’s fifty day simple moving average is $348.56 and its two-hundred day simple moving average is $316.05.

Alpha Metallurgical Resources (NYSE:AMR) last announced its quarterly earnings results on Monday, February 26th. The energy company reported $12.88 EPS for the quarter, topping the consensus estimate of $8.78 by $4.10. The business had revenue of $959.90 million for the quarter, compared to analysts’ expectations of $796.65 million. Alpha Metallurgical Resources had a net margin of 20.80% and a return on equity of 46.22%. The business’s quarterly revenue was up 16.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $13.37 EPS. On average, analysts anticipate that Alpha Metallurgical Resources, Inc. will post 37.3 EPS for the current fiscal year.

Alpha Metallurgical Resources Company Profile

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.