NWF Advisory Services Inc. Has $9.55 Million Holdings in Alpha Metallurgical Resources, Inc. $AMR

NWF Advisory Services Inc. grew its stake in shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR) by 46.5% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 57,925 shares of the energy company’s stock after buying an additional 18,390 shares during the period. Alpha Metallurgical Resources makes up 0.9% of NWF Advisory Services Inc.’s investment portfolio, making the stock its 28th biggest holding. NWF Advisory Services Inc.’s holdings in Alpha Metallurgical Resources were worth $9,554,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. BlackRock Inc. bought a new stake in Alpha Metallurgical Resources in the second quarter valued at about $299,230,000. State Street Corp lifted its holdings in Alpha Metallurgical Resources by 27.2% in the second quarter. State Street Corp now owns 865,934 shares of the energy company’s stock valued at $97,400,000 after buying an additional 185,281 shares during the period. Dimensional Fund Advisors LP lifted its stake in Alpha Metallurgical Resources by 5.6% in the first quarter. Dimensional Fund Advisors LP now owns 721,872 shares of the energy company’s stock valued at $148,192,000 after buying an additional 38,300 shares during the period. Continental General Insurance Co. boosted its position in shares of Alpha Metallurgical Resources by 6.4% during the fourth quarter. Continental General Insurance Co. now owns 644,025 shares of the energy company’s stock worth $128,728,000 after purchasing an additional 38,576 shares in the last quarter. Finally, Dalal Street LLC raised its position in shares of Alpha Metallurgical Resources by 2.1% during the fourth quarter. Dalal Street LLC now owns 543,000 shares of the energy company’s stock worth $108,535,000 after purchasing an additional 11,000 shares during the period. 84.29% of the stock is owned by institutional investors.

Alpha Metallurgical Resources Trading Down 7.3%

NYSE:AMR opened at $216.31 on Friday. The company has a market cap of $2.74 billion, a P/E ratio of -60.42 and a beta of 0.68. Alpha Metallurgical Resources, Inc. has a twelve month low of $133.64 and a twelve month high of $253.82. The business has a 50 day moving average price of $167.57 and a two-hundred day moving average price of $182.50. The company has a quick ratio of 2.37, a current ratio of 3.41 and a debt-to-equity ratio of 0.01.

Alpha Metallurgical Resources (NYSE:AMR) last posted its quarterly earnings data on Friday, August 7th. The energy company reported ($0.96) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.97) by $0.01. The company had revenue of $421.29 million for the quarter, compared to the consensus estimate of $521.61 million. Alpha Metallurgical Resources had a negative net margin of 2.23% and a negative return on equity of 2.99%. The firm’s revenue was down 10.4% compared to the same quarter last year. During the same period last year, the company earned ($0.38) earnings per share. As a group, analysts expect that Alpha Metallurgical Resources, Inc. will post -2.4 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Zacks Research lowered shares of Alpha Metallurgical Resources from a “hold” rating to a “strong sell” rating in a research note on Thursday, August 27th. Wall Street Zen lowered shares of Alpha Metallurgical Resources from a “hold” rating to a “sell” rating in a report on Saturday, August 8th. UBS Group assumed coverage on shares of Alpha Metallurgical Resources in a research report on Friday, July 10th. They issued a “neutral” rating and a $165.00 price objective on the stock. Weiss Ratings lowered shares of Alpha Metallurgical Resources from a “sell (d)” rating to a “sell (e+)” rating in a research note on Tuesday, August 11th. Finally, B. Riley Financial lowered their target price on Alpha Metallurgical Resources from $189.00 to $185.00 and set a “neutral” rating for the company in a report on Thursday, August 20th. Five analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus target price of $176.00.

Insider Buying and Selling

In related news, Director Kenneth Courtis purchased 15,000 shares of Alpha Metallurgical Resources stock in a transaction that occurred on Thursday, August 20th. The stock was purchased at an average cost of $193.50 per share, with a total value of $2,902,500.00. Following the completion of the transaction, the director owned 1,015,394 shares of the company’s stock, valued at approximately $196,478,739. This trade represents a 1.50% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders purchased 35,000 shares of company stock worth $7,137,400 over the last ninety days. Corporate insiders own 18.20% of the company’s stock.

Alpha Metallurgical Resources Company 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.