2,069 Shares in Alpha Metallurgical Resources, Inc. (NYSE:AMR) Bought by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC bought a new stake in Alpha Metallurgical Resources, Inc. (NYSE:AMR) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,069 shares of the energy company’s stock, valued at approximately $701,000.

Several other institutional investors have also recently made changes to their positions in AMR. Allspring Global Investments Holdings LLC lifted its stake in Alpha Metallurgical Resources by 24.9% in the fourth 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 last quarter. Mainstay Capital Management LLC ADV bought a new stake in shares of Alpha Metallurgical Resources during the 4th quarter worth approximately $329,000. Stratos Wealth Advisors LLC boosted its holdings in Alpha Metallurgical Resources by 0.5% during the 4th quarter. Stratos Wealth Advisors LLC now owns 6,631 shares of the energy company’s stock valued at $2,247,000 after acquiring an additional 31 shares during the period. State of Alaska Department of Revenue bought a new position in Alpha Metallurgical Resources in the 4th quarter valued at $2,465,000. Finally, Blue Trust Inc. increased its stake in Alpha Metallurgical Resources by 653.2% in the fourth quarter. Blue Trust Inc. now owns 708 shares of the energy company’s stock worth $240,000 after purchasing an additional 614 shares during the period. Institutional investors own 84.29% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, B. Riley lowered their target price on shares of 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.

Insider Buying and Selling

In other Alpha Metallurgical Resources news, Director David J. Stetson sold 30,694 shares of the firm’s stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $392.30, for a total transaction of $12,041,256.20. Following the transaction, the director now owns 26,054 shares of the company’s stock, valued at approximately $10,220,984.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related 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 transaction of $12,041,256.20. Following the transaction, the director now directly owns 26,054 shares of the company’s stock, valued at $10,220,984.20. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Daniel E. Horn sold 100 shares of the company’s stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $360.29, for a total value of $36,029.00. Following the sale, the insider now owns 6,462 shares of the company’s stock, valued at approximately $2,328,193.98. The disclosure for this sale can be found here. Insiders sold a total of 153,971 shares of company stock valued at $55,479,986 over the last three months. 16.40% of the stock is owned by company insiders.

Alpha Metallurgical Resources Stock Performance

Shares of NYSE:AMR opened at $333.00 on Tuesday. The firm has a market cap of $4.33 billion, a PE ratio of 6.84 and a beta of 1.35. The firm’s 50 day simple moving average is $346.27 and its 200-day simple moving average is $318.40. Alpha Metallurgical Resources, Inc. has a one year low of $132.72 and a one year high of $452.00.

Alpha Metallurgical Resources (NYSE:AMR) last issued its earnings results on Monday, February 26th. The energy company reported $12.88 earnings per share for the quarter, beating analysts’ consensus estimates of $8.78 by $4.10. The business had revenue of $959.90 million during the quarter, compared to analyst estimates of $796.65 million. Alpha Metallurgical Resources had a return on equity of 46.22% and a net margin of 20.80%. Alpha Metallurgical Resources’s revenue was up 16.6% on a year-over-year basis. During the same period in the previous year, the company posted $13.37 EPS. Equities research analysts predict that Alpha Metallurgical Resources, Inc. will post 29.82 EPS for the current fiscal year.

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.