Exchange Traded Concepts LLC Has $1.39 Million Stock Position in Alpha Metallurgical Resources, Inc. $AMR

Exchange Traded Concepts LLC grew its position in Alpha Metallurgical Resources, Inc. (NYSE:AMR) by 24.7% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,325 shares of the energy company’s stock after acquiring an additional 2,442 shares during the quarter. Exchange Traded Concepts LLC owned 0.09% of Alpha Metallurgical Resources worth $1,386,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Signaturefd LLC lifted its position in shares of Alpha Metallurgical Resources by 306.1% in the 1st quarter. Signaturefd LLC now owns 199 shares of the energy company’s stock worth $25,000 after acquiring an additional 150 shares during the period. AdvisorNet Financial Inc increased its stake in shares of Alpha Metallurgical Resources by 214.3% in the 1st quarter. AdvisorNet Financial Inc now owns 220 shares of the energy company’s stock valued at $28,000 after buying an additional 150 shares during the period. Summit Securities Group LLC acquired a new stake in shares of Alpha Metallurgical Resources in the 1st quarter valued at $38,000. Public Employees Retirement System of Ohio acquired a new stake in shares of Alpha Metallurgical Resources in the 4th quarter valued at $60,000. Finally, Opal Wealth Advisors LLC acquired a new stake in shares of Alpha Metallurgical Resources during the first quarter worth $64,000. Institutional investors own 84.29% of the company’s stock.

Alpha Metallurgical Resources Stock Down 2.7%

Shares of NYSE AMR opened at $161.61 on Tuesday. The business’s 50 day moving average price is $140.17 and its two-hundred day moving average price is $126.36. The company has a market cap of $2.11 billion, a PE ratio of -56.71 and a beta of 0.64. Alpha Metallurgical Resources, Inc. has a twelve month low of $97.41 and a twelve month high of $255.04.

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

Insider Activity

In other news, Director Kenneth S. Courtis bought 55,000 shares of the firm’s stock in a transaction dated Friday, September 12th. The shares were bought at an average price of $142.64 per share, with a total value of $7,845,200.00. Following the completion of the transaction, the director owned 681,537 shares of the company’s stock, valued at $97,214,437.68. This trade represents a 8.78% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Joshua Todd Munsey sold 2,135 shares of the company’s 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 completion of the transaction, the chief financial officer directly owned 4,466 shares in the company, valued at $701,162. The trade was a 32.34% decrease in their position. The disclosure for this sale can be found here. 16.00% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of brokerages recently commented on AMR. Wall Street Zen raised Alpha Metallurgical Resources from a “sell” rating to a “hold” rating in a research note on Saturday, August 16th. B. Riley decreased their price objective on 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 lifted their price objective on 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 equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target 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.