Teacher Retirement System of Texas Has $1.31 Million Holdings in Alpha Metallurgical Resources, Inc. $AMR

Teacher Retirement System of Texas lessened its holdings in shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR) by 10.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,664 shares of the energy company’s stock after selling 1,339 shares during the quarter. Teacher Retirement System of Texas owned approximately 0.09% of Alpha Metallurgical Resources worth $1,312,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of AMR. Millennium Management LLC raised its holdings in Alpha Metallurgical Resources by 208.0% in the 1st quarter. Millennium Management LLC now owns 106,107 shares of the energy company’s stock valued at $13,290,000 after acquiring an additional 71,653 shares during the period. Adage Capital Partners GP L.L.C. bought a new position in shares of Alpha Metallurgical Resources during the first quarter worth approximately $6,262,000. Fuller & Thaler Asset Management Inc. increased its holdings in shares of 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 purchasing an additional 45,934 shares during the period. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Alpha Metallurgical Resources during the first quarter worth approximately $5,035,000. Finally, AQR Capital Management LLC increased its stake in Alpha Metallurgical Resources by 267.9% in the first quarter. AQR Capital Management LLC now owns 42,161 shares of the energy company’s stock valued at $5,281,000 after acquiring an additional 30,700 shares during the last quarter. 84.29% of the stock is owned by institutional investors.

Alpha Metallurgical Resources Stock Performance

Shares of AMR stock opened at $173.99 on Thursday. Alpha Metallurgical Resources, Inc. has a 52-week low of $97.41 and a 52-week high of $255.04. The company has a 50-day simple moving average of $158.96 and a two-hundred day simple moving average of $135.57. The company has a market capitalization of $2.27 billion, a price-to-earnings ratio of -61.05 and a beta of 0.89.

Alpha Metallurgical Resources (NYSE:AMR) last issued its quarterly earnings data on Friday, August 8th. The energy company reported ($0.38) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $552.15 million. During the same period in the prior year, the firm posted $4.49 EPS. The firm’s quarterly revenue was down 31.6% compared to the same quarter last year. On average, sell-side analysts forecast that Alpha Metallurgical Resources, Inc. will post 14.31 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

AMR has been the topic of a number of recent analyst reports. Weiss Ratings reissued a “sell (d+)” rating on shares of Alpha Metallurgical Resources in a research note on Thursday, October 30th. 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. Jefferies Financial Group boosted their target price on shares of Alpha Metallurgical Resources from $110.00 to $150.00 and gave the company a “hold” rating in a report on Monday, August 11th. Finally, Wall Street Zen raised shares of Alpha Metallurgical Resources from a “sell” rating to a “hold” rating in a research note on Saturday, August 16th. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Alpha Metallurgical Resources currently has an average rating of “Hold” and a consensus price target of $160.50.

Insider Buying and Selling at Alpha Metallurgical Resources

In other Alpha Metallurgical Resources news, COO Jason E. Whitehead sold 12,004 shares of the business’s stock in a transaction dated 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 transaction, the chief operating officer directly owned 9,673 shares in the company, valued at $1,565,478.32. The trade was a 55.38% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Kenneth S. Courtis purchased 55,000 shares of the company’s stock in a transaction that occurred on Friday, September 12th. The shares were acquired at an average price of $142.64 per share, for a total transaction of $7,845,200.00. Following the completion of the purchase, the director directly owned 681,537 shares in the company, valued at $97,214,437.68. This represents a 8.78% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 16.00% 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.