Allspring Global Investments Holdings LLC Purchases 320 Shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR)

Allspring Global Investments Holdings LLC grew its position in Alpha Metallurgical Resources, Inc. (NYSE:AMR) by 24.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,604 shares of the energy company’s stock after buying an additional 320 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Alpha Metallurgical Resources were worth $544,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of AMR. Fuller & Thaler Asset Management Inc. acquired a new stake in Alpha Metallurgical Resources in the 3rd quarter worth approximately $128,857,000. Dalal Street LLC boosted its stake in Alpha Metallurgical Resources by 21.7% in the 3rd quarter. Dalal Street LLC now owns 441,510 shares of the energy company’s stock worth $114,673,000 after purchasing an additional 78,861 shares in the last quarter. Pacer Advisors Inc. acquired a new stake in Alpha Metallurgical Resources in the 4th quarter worth approximately $139,291,000. American Century Companies Inc. boosted its stake in Alpha Metallurgical Resources by 6.8% in the 3rd quarter. American Century Companies Inc. now owns 246,828 shares of the energy company’s stock worth $64,109,000 after purchasing an additional 15,692 shares in the last quarter. Finally, Invesco Ltd. boosted its stake in Alpha Metallurgical Resources by 180.9% in the 3rd quarter. Invesco Ltd. now owns 115,816 shares of the energy company’s stock worth $30,081,000 after purchasing an additional 74,583 shares in the last quarter. 84.29% of the stock is currently owned by institutional investors.

Alpha Metallurgical Resources Stock Up 5.3 %

AMR stock opened at $341.44 on Friday. Alpha Metallurgical Resources, Inc. has a 52 week low of $132.72 and a 52 week high of $452.00. The firm has a 50 day moving average of $343.04 and a 200 day moving average of $319.13. The stock has a market capitalization of $4.44 billion, a PE ratio of 7.01 and a beta of 1.35.

Alpha Metallurgical Resources (NYSE:AMR) last announced its quarterly earnings data on Monday, February 26th. The energy company reported $12.88 EPS for the quarter, beating the consensus estimate of $8.78 by $4.10. Alpha Metallurgical Resources had a net margin of 20.80% and a return on equity of 46.22%. The business had revenue of $959.90 million during the quarter, compared to analysts’ expectations of $796.65 million. During the same period in the previous year, the business posted $13.37 EPS. The business’s quarterly revenue was up 16.6% compared to the same quarter last year. On average, equities research analysts expect that Alpha Metallurgical Resources, Inc. will post 29.82 earnings per share for the current year.

Insider Buying and Selling at Alpha Metallurgical Resources

In other Alpha Metallurgical Resources news, insider Daniel E. Horn sold 100 shares of Alpha Metallurgical Resources stock in a transaction that occurred on Wednesday, February 28th. The shares were 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 in the company, valued at approximately $2,328,193.98. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, insider Daniel E. Horn sold 100 shares of the business’s stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $360.29, for a total value of $36,029.00. Following the completion of the transaction, the insider now directly owns 6,462 shares in the company, valued at approximately $2,328,193.98. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Kenneth S. Courtis sold 22,802 shares of the business’s stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $302.81, for a total transaction of $6,904,673.62. Following the completion of the transaction, the director now owns 638,234 shares of the company’s stock, valued at $193,263,637.54. The disclosure for this sale can be found here. In the last ninety days, insiders sold 153,971 shares of company stock worth $55,479,986. Company insiders own 15.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, B. Riley lowered their target price on shares of 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 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.