692 Shares in Alpha Metallurgical Resources, Inc. (NYSE:AMR) Purchased by GUNN & Co INVESTMENT MANAGEMENT INC.

GUNN & Co INVESTMENT MANAGEMENT INC. bought a new stake in shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 692 shares of the energy company’s stock, valued at approximately $235,000.

Other institutional investors also recently added to or reduced their stakes in the company. Wetzel Investment Advisors Inc. bought a new stake in shares of Alpha Metallurgical Resources in the fourth quarter valued at approximately $34,000. Exchange Traded Concepts LLC acquired a new position in Alpha Metallurgical Resources during the 3rd quarter valued at $41,000. DekaBank Deutsche Girozentrale acquired a new position in Alpha Metallurgical Resources during the 3rd quarter valued at $132,000. CI Investments Inc. bought a new stake in Alpha Metallurgical Resources in the 3rd quarter valued at $188,000. Finally, Kingsview Wealth Management LLC acquired a new stake in Alpha Metallurgical Resources in the 3rd quarter worth $210,000. 84.29% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Alpha Metallurgical Resources Trading Up 2.9 %

AMR opened at $332.77 on Monday. The stock’s 50 day simple moving average is $337.63 and its 200-day simple moving average is $324.30. The stock has a market cap of $4.33 billion, a PE ratio of 6.83 and a beta of 1.38. Alpha Metallurgical Resources, Inc. has a 1 year low of $132.72 and a 1 year high of $452.00.

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. The firm had revenue of $959.90 million for the quarter, compared to analyst estimates 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 revenue for the quarter was up 16.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $13.37 EPS. Equities analysts forecast that Alpha Metallurgical Resources, Inc. will post 29.82 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Alpha Metallurgical Resources news, Director Kenneth S. Courtis sold 22,802 shares of Alpha Metallurgical Resources stock in a transaction that occurred 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 sale, the director now directly 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 can be accessed through the SEC website. In related news, Director David J. Stetson sold 30,694 shares of the 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 completion of the sale, the director now owns 26,054 shares in the company, valued at approximately $10,220,984.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Kenneth S. Courtis sold 22,802 shares of Alpha Metallurgical Resources 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 transaction, the director now directly owns 638,234 shares of the company’s stock, valued at $193,263,637.54. The disclosure for this sale can be found here. Insiders sold 153,971 shares of company stock valued at $55,479,986 over the last quarter. Corporate insiders own 15.00% of the company’s stock.

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.