SG Americas Securities LLC Purchases New Shares in Alpha Metallurgical Resources, Inc. $AMR

SG Americas Securities LLC acquired a new position in Alpha Metallurgical Resources, Inc. (NYSE:AMR) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 2,329 shares of the energy company’s stock, valued at approximately $382,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. State Street Corp grew its position in shares of Alpha Metallurgical Resources by 27.2% in the 2nd quarter. State Street Corp now owns 865,934 shares of the energy company’s stock worth $97,400,000 after buying an additional 185,281 shares during the period. Dalal Street LLC boosted its stake in Alpha Metallurgical Resources by 11.0% during the second quarter. Dalal Street LLC now owns 460,327 shares of the energy company’s stock worth $51,778,000 after acquiring an additional 45,711 shares in the last quarter. American Century Companies Inc. grew its holdings in Alpha Metallurgical Resources by 3.4% in the second quarter. American Century Companies Inc. now owns 394,334 shares of the energy company’s stock worth $44,355,000 after purchasing an additional 12,884 shares during the period. Gendell Jeffrey L grew its holdings in Alpha Metallurgical Resources by 30.9% in the second quarter. Gendell Jeffrey L now owns 296,396 shares of the energy company’s stock worth $33,339,000 after purchasing an additional 69,950 shares during the period. Finally, Geode Capital Management LLC increased its stake in shares of Alpha Metallurgical Resources by 6.1% during the second quarter. Geode Capital Management LLC now owns 268,609 shares of the energy company’s stock valued at $30,219,000 after purchasing an additional 15,525 shares in the last quarter. Hedge funds and other institutional investors own 84.29% of the company’s stock.

Insider Activity at Alpha Metallurgical Resources

In other Alpha Metallurgical Resources news, Director Michael Gorzynski acquired 38,576 shares of Alpha Metallurgical Resources stock in a transaction that occurred on Monday, December 15th. The stock was bought at an average cost of $188.50 per share, for a total transaction of $7,271,576.00. Following the acquisition, the director owned 644,025 shares of the company’s stock, valued at $121,398,712.50. This represents a 6.37% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Kenneth S. Courtis bought 9,000 shares of the stock in a transaction on Monday, December 15th. The shares were bought at an average price of $188.16 per share, for a total transaction of $1,693,440.00. Following the purchase, the director directly owned 816,537 shares in the company, valued at approximately $153,639,601.92. This trade represents a 1.11% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have acquired 98,576 shares of company stock valued at $17,994,174 over the last ninety days. Insiders own 16.00% of the company’s stock.

Alpha Metallurgical Resources Stock Down 1.4%

Shares of NYSE AMR opened at $231.76 on Monday. The firm has a market cap of $2.98 billion, a P/E ratio of -65.10 and a beta of 0.79. Alpha Metallurgical Resources, Inc. has a twelve month low of $97.41 and a twelve month high of $253.82. The company has a 50 day moving average of $198.15 and a 200 day moving average of $166.93.

Alpha Metallurgical Resources (NYSE:AMR) last issued its earnings results on Thursday, November 6th. The energy company reported ($0.42) EPS for the quarter, missing the consensus estimate of ($0.35) by ($0.07). Alpha Metallurgical Resources had a negative net margin of 2.09% and a negative return on equity of 2.88%. The business had revenue of $526.78 million for the quarter, compared to analysts’ expectations of $543.77 million. During the same quarter in the prior year, the business posted $0.29 earnings per share. The business’s revenue for the quarter was down 21.6% on a year-over-year basis. As a group, equities analysts expect that Alpha Metallurgical Resources, Inc. will post 14.31 earnings per share for the current fiscal year.

Analysts Set New Price Targets

AMR has been the topic of several recent research reports. Jefferies Financial Group upped their price target on Alpha Metallurgical Resources from $165.00 to $205.00 and gave the stock a “hold” rating in a research note on Tuesday, January 20th. Weiss Ratings reissued a “sell (d)” rating on shares of Alpha Metallurgical Resources in a report on Monday, December 29th. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $188.00.

Alpha Metallurgical Resources Profile

Alpha Metallurgical Resources, Inc (NYSE: AMR) is a leading pure-play producer of high-grade metallurgical coal, primarily serving the global steelmaking industry. Headquartered in Bristol, Virginia, the company operates multiple underground and surface mining complexes across the central Appalachian and Illinois basins. Its production portfolio focuses on premium raw and semi-soft coking coal products tailored to meet the specifications of steel producers worldwide.

Formed in July 2021 through the spin-out of Contura Energy’s metallurgical coal business, Alpha Metallurgical Resources has built a reputation for operational excellence and cost-efficient mining.