Alpha Metallurgical Resources, Inc. $AMR Shares Acquired by Geode Capital Management LLC

Geode Capital Management LLC lifted its stake in shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR) by 6.1% during the 2nd quarter, Holdings Channel reports. The fund owned 268,609 shares of the energy company’s stock after buying an additional 15,525 shares during the quarter. Geode Capital Management LLC’s holdings in Alpha Metallurgical Resources were worth $30,219,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of AMR. American Century Companies Inc. increased its position in Alpha Metallurgical Resources by 6.3% during the first quarter. American Century Companies Inc. now owns 381,450 shares of the energy company’s stock worth $47,777,000 after purchasing an additional 22,444 shares during the last quarter. Fuller & Thaler Asset Management Inc. grew its stake in shares of Alpha Metallurgical Resources by 50.9% in the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 136,217 shares of the energy company’s stock valued at $17,061,000 after buying an additional 45,934 shares during the period. Millennium Management LLC increased its holdings in shares of Alpha Metallurgical Resources by 208.0% during the 1st quarter. Millennium Management LLC now owns 106,107 shares of the energy company’s stock worth $13,290,000 after buying an additional 71,653 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of Alpha Metallurgical Resources by 5.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 83,225 shares of the energy company’s stock valued at $9,361,000 after buying an additional 4,167 shares during the period. Finally, Hosking Partners LLP lifted its holdings in Alpha Metallurgical Resources by 8.7% in the first quarter. Hosking Partners LLP now owns 60,014 shares of the energy company’s stock valued at $7,517,000 after acquiring an additional 4,794 shares during the last quarter. Hedge funds and other institutional investors own 84.29% of the company’s stock.

Insider Transactions at Alpha Metallurgical Resources

In other Alpha Metallurgical Resources news, Director Kenneth S. Courtis purchased 53,000 shares of Alpha Metallurgical Resources stock in a transaction dated Monday, September 15th. The shares were acquired at an average price of $154.68 per share, with a total value of $8,198,040.00. Following the completion of the transaction, the director owned 734,537 shares of the company’s stock, valued at $113,618,183.16. This trade represents a 7.78% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 16.00% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. Wall Street Zen raised Alpha Metallurgical Resources from a “sell” rating to a “hold” rating in a research note on Saturday, August 16th. Jefferies Financial Group increased their price target on Alpha Metallurgical Resources from $110.00 to $150.00 and gave the stock a “hold” rating in a report on Monday, August 11th. B. Riley cut their price objective on Alpha Metallurgical Resources from $173.00 to $171.00 and set a “buy” rating for the company in a research report on Tuesday, August 5th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Alpha Metallurgical Resources in a research report on Tuesday. One equities 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 company’s stock. According to data from MarketBeat.com, Alpha Metallurgical Resources presently has an average rating of “Hold” and a consensus target price of $160.50.

Alpha Metallurgical Resources Stock Up 1.7%

NYSE:AMR opened at $161.46 on Friday. Alpha Metallurgical Resources, Inc. has a 52 week low of $97.41 and a 52 week high of $255.04. The stock’s fifty day moving average is $163.73 and its two-hundred day moving average is $139.66. The stock has a market capitalization of $2.08 billion, a price-to-earnings ratio of -45.36 and a beta of 0.89.

Alpha Metallurgical Resources (NYSE:AMR) last posted its quarterly earnings data on Thursday, November 6th. The energy company reported ($0.42) earnings per share (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 firm had revenue of $526.78 million during the quarter, compared to analysts’ expectations of $543.77 million. During the same quarter in the prior year, the firm posted $0.29 EPS. Alpha Metallurgical Resources’s quarterly revenue was down 21.6% compared to the same quarter last year. On average, sell-side analysts expect that Alpha Metallurgical Resources, Inc. will post 14.31 EPS for the current fiscal year.

Alpha Metallurgical Resources Company Profile

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.