Alpha Metallurgical Resources, Inc. $AMR Shares Purchased by Allianz Asset Management GmbH

Allianz Asset Management GmbH boosted its holdings in Alpha Metallurgical Resources, Inc. (NYSE:AMR) by 83.2% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 20,719 shares of the energy company’s stock after acquiring an additional 9,412 shares during the period. Allianz Asset Management GmbH owned about 0.16% of Alpha Metallurgical Resources worth $3,400,000 at the end of the most recent quarter.

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

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. B.Riley Securit lowered shares of Alpha Metallurgical Resources from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 4th. Jefferies Financial Group boosted their price objective on Alpha Metallurgical Resources from $165.00 to $205.00 and gave the stock a “hold” rating in a research report on Tuesday, January 20th. Texas Capital cut Alpha Metallurgical Resources from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 29th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Alpha Metallurgical Resources in a research note on Monday, December 29th. Finally, B. Riley Financial lowered Alpha Metallurgical Resources from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $204.00 to $203.00 in a research report on Wednesday, February 4th. Five research analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, Alpha Metallurgical Resources has a consensus rating of “Reduce” and a consensus price target of $203.67.

Insiders Place Their Bets

In other news, Director Michael Gorzynski purchased 38,576 shares of Alpha Metallurgical Resources stock in a transaction that occurred on Monday, December 15th. The stock was acquired at an average price of $188.50 per share, for a total transaction of $7,271,576.00. Following the transaction, the director owned 644,025 shares in the company, valued at $121,398,712.50. The trade was a 6.37% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Daniel E. Horn sold 8,125 shares of the firm’s stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $188.32, for a total transaction of $1,530,100.00. Following the completion of the transaction, the insider directly owned 4,989 shares of the company’s stock, valued at $939,528.48. This represents a 61.96% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have purchased 98,576 shares of company stock worth $17,994,174. Company insiders own 16.00% of the company’s stock.

Alpha Metallurgical Resources Stock Performance

NYSE AMR opened at $190.57 on Thursday. Alpha Metallurgical Resources, Inc. has a 1 year low of $97.41 and a 1 year high of $253.82. The business’s fifty day moving average is $210.30 and its two-hundred day moving average is $174.03. The stock has a market capitalization of $2.45 billion, a P/E ratio of -53.53 and a beta of 0.78.

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.