LPL Financial LLC Makes New Investment in Alpha Metallurgical Resources, Inc. $AMR

LPL Financial LLC acquired a new stake in Alpha Metallurgical Resources, Inc. (NYSE:AMR) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 12,915 shares of the energy company’s stock, valued at approximately $1,618,000. LPL Financial LLC owned approximately 0.10% of Alpha Metallurgical Resources at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in AMR. Dimensional Fund Advisors LP grew its stake in shares of Alpha Metallurgical Resources by 4.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 736,379 shares of the energy company’s stock worth $147,366,000 after acquiring an additional 28,225 shares in the last quarter. Northern Trust Corp grew its stake in shares of Alpha Metallurgical Resources by 6.0% in the 4th quarter. Northern Trust Corp now owns 121,652 shares of the energy company’s stock worth $24,345,000 after acquiring an additional 6,905 shares in the last quarter. Goehring & Rozencwajg Associates LLC grew its stake in shares of Alpha Metallurgical Resources by 2.6% in the 1st quarter. Goehring & Rozencwajg Associates LLC now owns 73,689 shares of the energy company’s stock worth $9,212,000 after acquiring an additional 1,889 shares in the last quarter. Wellington Management Group LLP grew its stake in shares of Alpha Metallurgical Resources by 17.3% in the 4th quarter. Wellington Management Group LLP now owns 56,901 shares of the energy company’s stock worth $11,387,000 after acquiring an additional 8,386 shares in the last quarter. Finally, Principal Financial Group Inc. grew its stake in shares of Alpha Metallurgical Resources by 2.3% in the 1st quarter. Principal Financial Group Inc. now owns 54,592 shares of the energy company’s stock worth $6,838,000 after acquiring an additional 1,234 shares in the last quarter. 84.29% of the stock is owned by institutional investors.

Insider Activity at Alpha Metallurgical Resources

In other news, COO Jason E. Whitehead sold 12,004 shares of the stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $161.84, for a total transaction of $1,942,727.36. Following the completion of the sale, the chief operating officer owned 9,673 shares of the company’s stock, valued at approximately $1,565,478.32. This represents a 55.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Joshua Todd Munsey sold 2,135 shares of the stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $157.00, for a total value of $335,195.00. Following the sale, the chief financial officer directly owned 4,466 shares of the company’s stock, valued at approximately $701,162. This trade represents a 32.34% decrease in their position. The disclosure for this sale can be found here. 16.00% of the stock is currently owned by corporate insiders.

Alpha Metallurgical Resources Stock Down 0.8%

NYSE AMR opened at $138.3340 on Friday. The company has a market cap of $1.81 billion, a PE ratio of -48.54 and a beta of 0.59. Alpha Metallurgical Resources, Inc. has a 52 week low of $97.41 and a 52 week high of $255.04. The firm’s 50-day simple moving average is $124.11 and its two-hundred day simple moving average is $128.73.

Alpha Metallurgical Resources (NYSE:AMR) last released its quarterly earnings data on Friday, August 8th. The energy company reported ($0.38) EPS for the quarter, beating the consensus estimate of ($2.38) by $2.00. Alpha Metallurgical Resources had a negative net margin of 1.57% and a negative return on equity of 2.28%. The business had revenue of $550.27 million for the quarter, compared to the consensus estimate of $552.15 million. During the same period in the prior year, the firm earned $4.49 earnings per share. The company’s revenue was down 31.6% compared to the same quarter last year. As a group, equities research analysts anticipate that Alpha Metallurgical Resources, Inc. will post 14.31 EPS for the current year.

Analyst Upgrades and Downgrades

AMR has been the subject of several recent analyst reports. Wall Street Zen upgraded shares of Alpha Metallurgical Resources from a “sell” rating to a “hold” rating in a research note on Saturday, August 16th. B. Riley reduced their target price on shares of Alpha Metallurgical Resources from $173.00 to $171.00 and set a “buy” rating for the company in a research note on Tuesday, August 5th. Finally, Jefferies Financial Group upped their target price on shares of Alpha Metallurgical Resources from $110.00 to $150.00 and gave the stock a “hold” rating in a research note on Monday, August 11th. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $160.50.

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.