Strs Ohio Buys Shares of 4,700 Alpha Metallurgical Resources, Inc. $AMR

Strs Ohio purchased a new position in Alpha Metallurgical Resources, Inc. (NYSE:AMR) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 4,700 shares of the energy company’s stock, valued at approximately $589,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. American Century Companies Inc. boosted its stake in Alpha Metallurgical Resources by 6.3% in the first quarter. American Century Companies Inc. now owns 381,450 shares of the energy company’s stock valued at $47,777,000 after acquiring an additional 22,444 shares in the last quarter. Fuller & Thaler Asset Management Inc. boosted its position in Alpha Metallurgical Resources by 50.9% during the first quarter. Fuller & Thaler Asset Management Inc. now owns 136,217 shares of the energy company’s stock worth $17,061,000 after acquiring an additional 45,934 shares during the last quarter. Millennium Management LLC raised its stake in Alpha Metallurgical Resources by 208.0% during the first quarter. Millennium Management LLC now owns 106,107 shares of the energy company’s stock worth $13,290,000 after purchasing an additional 71,653 shares during the period. Goehring & Rozencwajg Associates LLC raised 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 valued at $9,212,000 after acquiring an additional 1,889 shares during the period. Finally, Hosking Partners LLP increased its stake in Alpha Metallurgical Resources by 8.7% during the 1st quarter. Hosking Partners LLP now owns 60,014 shares of the energy company’s stock worth $7,517,000 after buying an additional 4,794 shares during the period. Institutional investors and hedge funds own 84.29% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on AMR shares. Jefferies Financial Group raised their price objective on shares of Alpha Metallurgical Resources from $110.00 to $150.00 and gave the stock a “hold” rating in a report on Monday, August 11th. Wall Street Zen upgraded shares of Alpha Metallurgical Resources from a “sell” rating to a “hold” rating in a research report on Saturday, August 16th. Finally, B. Riley cut their price target on shares of Alpha Metallurgical Resources from $173.00 to $171.00 and set a “buy” rating on the stock in a report on Tuesday, August 5th. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, Alpha Metallurgical Resources presently has an average rating of “Hold” and a consensus target price of $160.50.

Alpha Metallurgical Resources Trading Up 1.0%

Shares of NYSE AMR opened at $166.00 on Friday. The firm has a market capitalization of $2.17 billion, a PE ratio of -58.25 and a beta of 0.64. Alpha Metallurgical Resources, Inc. has a 1 year low of $97.41 and a 1 year high of $255.04. The firm’s 50-day moving average is $139.28 and its 200-day moving average is $126.21.

Alpha Metallurgical Resources (NYSE:AMR) last released its quarterly earnings data on Friday, August 8th. The energy company reported ($0.38) earnings per share for the quarter, topping 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 analyst estimates of $552.15 million. During the same quarter last year, the firm earned $4.49 EPS. Alpha Metallurgical Resources’s quarterly 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 earnings per share for the current fiscal year.

Insider Transactions at Alpha Metallurgical Resources

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

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.