97 Shares in Alpha Metallurgical Resources, Inc. (NYSE:AMR) Bought by GAMMA Investing LLC

GAMMA Investing LLC acquired a new position in shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 97 shares of the energy company’s stock, valued at approximately $33,000.

A number of other institutional investors have also recently added to or reduced their stakes in AMR. Illinois Municipal Retirement Fund bought a new position in shares of Alpha Metallurgical Resources in the fourth quarter worth $2,302,000. GUNN & Co INVESTMENT MANAGEMENT INC. bought a new position in shares of Alpha Metallurgical Resources in the fourth quarter worth $235,000. Wetzel Investment Advisors Inc. bought a new position in shares of Alpha Metallurgical Resources in the fourth quarter worth $34,000. Everence Capital Management Inc. bought a new position in shares of Alpha Metallurgical Resources in the fourth quarter worth $573,000. Finally, Louisiana State Employees Retirement System bought a new position in shares of Alpha Metallurgical Resources in the fourth quarter worth $2,000,000. 84.29% of the stock is currently owned by institutional investors.

Insider Activity

In other news, insider Daniel E. Horn sold 100 shares of the company’s stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $360.29, for a total value of $36,029.00. Following the completion of the sale, the insider now owns 6,462 shares in the company, valued at $2,328,193.98. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, insider Daniel E. Horn sold 100 shares of the company’s stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $360.29, for a total transaction of $36,029.00. Following the completion of the sale, the insider now directly owns 6,462 shares of the company’s stock, valued at $2,328,193.98. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director David J. Stetson sold 4,502 shares of the company’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $388.26, for a total value of $1,747,946.52. Following the sale, the director now directly owns 20,104 shares of the company’s stock, valued at $7,805,579.04. The disclosure for this sale can be found here. Insiders sold a total of 153,971 shares of company stock worth $55,479,986 over the last 90 days. 15.00% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Separately, B. Riley decreased their price target on Alpha Metallurgical Resources from $381.00 to $374.00 and set a “buy” rating for the company in a research note on Monday, April 15th.

Alpha Metallurgical Resources Stock Up 2.9 %

Shares of Alpha Metallurgical Resources stock opened at $332.77 on Monday. The firm has a market cap of $4.33 billion, a price-to-earnings ratio of 6.83 and a beta of 1.38. The business has a fifty day simple moving average of $337.63 and a 200-day simple moving average of $324.30. Alpha Metallurgical Resources, Inc. has a fifty-two week low of $132.72 and a fifty-two week high of $452.00.

Alpha Metallurgical Resources (NYSE:AMR) last announced its quarterly earnings data on Monday, February 26th. The energy company reported $12.88 earnings per share for the quarter, beating the consensus estimate of $8.78 by $4.10. The business had revenue of $959.90 million during the quarter, compared to analyst estimates of $796.65 million. Alpha Metallurgical Resources had a return on equity of 46.22% and a net margin of 20.80%. The company’s revenue was up 16.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $13.37 earnings per share. Analysts anticipate that Alpha Metallurgical Resources, Inc. will post 29.82 earnings per share for the current fiscal 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.