Illinois Municipal Retirement Fund Cuts Holdings in Alpha Metallurgical Resources, Inc. (NYSE:AMR)

Illinois Municipal Retirement Fund trimmed its position in Alpha Metallurgical Resources, Inc. (NYSE:AMR) by 15.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,273 shares of the energy company’s stock after selling 1,171 shares during the period. Illinois Municipal Retirement Fund’s holdings in Alpha Metallurgical Resources were worth $1,255,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of AMR. Pacer Advisors Inc. boosted its stake in Alpha Metallurgical Resources by 30.2% in the third quarter. Pacer Advisors Inc. now owns 798,584 shares of the energy company’s stock valued at $188,610,000 after acquiring an additional 185,376 shares in the last quarter. Barclays PLC boosted its stake in Alpha Metallurgical Resources by 309.2% in the third quarter. Barclays PLC now owns 18,646 shares of the energy company’s stock valued at $4,402,000 after acquiring an additional 14,089 shares in the last quarter. Intech Investment Management LLC acquired a new stake in Alpha Metallurgical Resources in the third quarter valued at approximately $3,304,000. Wellington Management Group LLP boosted its stake in Alpha Metallurgical Resources by 26.5% in the third quarter. Wellington Management Group LLP now owns 48,515 shares of the energy company’s stock valued at $11,458,000 after acquiring an additional 10,161 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in Alpha Metallurgical Resources by 4.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 162,883 shares of the energy company’s stock valued at $38,470,000 after acquiring an additional 7,241 shares in the last quarter. 84.29% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Benchmark restated a “hold” rating on shares of Alpha Metallurgical Resources in a research note on Monday, November 4th.

Insider Transactions at Alpha Metallurgical Resources

In other news, Director Kenneth S. Courtis sold 10,621 shares of Alpha Metallurgical Resources stock in a transaction on Friday, December 13th. The shares were sold at an average price of $228.73, for a total transaction of $2,429,341.33. Following the completion of the sale, the director now directly owns 603,342 shares in the company, valued at approximately $138,002,415.66. The trade was a 1.73 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 15.00% of the company’s stock.

Alpha Metallurgical Resources Trading Down 7.7 %

NYSE:AMR opened at $137.18 on Friday. Alpha Metallurgical Resources, Inc. has a 12 month low of $131.57 and a 12 month high of $397.00. The firm has a fifty day simple moving average of $183.33 and a 200-day simple moving average of $210.14. The company has a market capitalization of $1.79 billion, a P/E ratio of 5.03 and a beta of 1.43.

Alpha Metallurgical Resources (NYSE:AMR) last posted its quarterly earnings data on Friday, February 28th. The energy company reported ($0.16) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.09). Alpha Metallurgical Resources had a return on equity of 22.65% and a net margin of 11.08%. The company had revenue of $617.30 million for the quarter, compared to analyst estimates of $658.20 million. During the same quarter in the previous year, the firm posted $12.88 earnings per share. The company’s quarterly revenue was down 35.7% on a year-over-year basis. Equities analysts forecast that Alpha Metallurgical Resources, Inc. will post 14.31 EPS for the current year.

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.