Simplicity Solutions LLC Acquires Shares of 1,204 Alpha Metallurgical Resources, Inc. (NYSE:AMR)

Simplicity Solutions LLC bought a new position in shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,204 shares of the energy company’s stock, valued at approximately $408,000.

Other large investors have also modified their holdings of the company. Mutual of America Capital Management LLC acquired a new position in Alpha Metallurgical Resources during the fourth quarter worth $701,000. Allspring Global Investments Holdings LLC grew its stake in shares of Alpha Metallurgical Resources by 24.9% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,604 shares of the energy company’s stock worth $544,000 after purchasing an additional 320 shares during the period. Mainstay Capital Management LLC ADV purchased a new position in shares of Alpha Metallurgical Resources in the 4th quarter valued at about $329,000. Stratos Wealth Advisors LLC lifted its stake in shares of Alpha Metallurgical Resources by 0.5% in the fourth quarter. Stratos Wealth Advisors LLC now owns 6,631 shares of the energy company’s stock valued at $2,247,000 after purchasing an additional 31 shares during the period. Finally, State of Alaska Department of Revenue purchased a new stake in shares of Alpha Metallurgical Resources during the 4th quarter worth approximately $2,465,000. 84.29% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Alpha Metallurgical Resources

In other Alpha Metallurgical Resources news, Director Kenneth S. Courtis sold 22,802 shares of the firm’s stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $302.81, for a total transaction of $6,904,673.62. Following the completion of the transaction, the director now owns 638,234 shares of the company’s stock, valued at $193,263,637.54. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Alpha Metallurgical Resources news, Director Kenneth S. Courtis sold 22,802 shares of the firm’s stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $302.81, for a total transaction of $6,904,673.62. Following the sale, the director now directly owns 638,234 shares of the company’s stock, valued at approximately $193,263,637.54. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Kenneth S. Courtis sold 15,000 shares of Alpha Metallurgical Resources stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $318.95, for a total transaction of $4,784,250.00. Following the sale, the director now owns 681,036 shares of the company’s stock, valued at $217,216,432.20. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 153,971 shares of company stock valued at $55,479,986. 15.00% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Separately, B. Riley dropped their price objective on Alpha Metallurgical Resources from $381.00 to $374.00 and set a “buy” rating for the company in a research note on Monday, April 15th.

Alpha Metallurgical Resources Stock Down 2.2 %

Alpha Metallurgical Resources stock opened at $329.73 on Friday. The firm’s 50-day simple moving average is $347.09 and its 200 day simple moving average is $316.74. Alpha Metallurgical Resources, Inc. has a 52 week low of $132.72 and a 52 week high of $452.00. The firm has a market capitalization of $4.29 billion, a PE ratio of 6.77 and a beta of 1.35.

Alpha Metallurgical Resources (NYSE:AMR) last announced its quarterly earnings results on Monday, February 26th. The energy company reported $12.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $8.78 by $4.10. Alpha Metallurgical Resources had a net margin of 20.80% and a return on equity of 46.22%. The company had revenue of $959.90 million for the quarter, compared to the consensus estimate of $796.65 million. During the same quarter in the prior year, the firm earned $13.37 earnings per share. The company’s revenue for the quarter was up 16.6% compared to the same quarter last year. On average, research analysts expect that Alpha Metallurgical Resources, Inc. will post 29.82 EPS for the current fiscal year.

Alpha Metallurgical Resources 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.