Teacher Retirement System of Texas Sells 4,095 Shares of Alpha Metallurgical Resources, Inc. $AMR

Teacher Retirement System of Texas cut its holdings in Alpha Metallurgical Resources, Inc. (NYSE:AMR) by 35.1% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 7,569 shares of the energy company’s stock after selling 4,095 shares during the period. Teacher Retirement System of Texas’ holdings in Alpha Metallurgical Resources were worth $1,242,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Royal Bank of Canada boosted its position in shares of Alpha Metallurgical Resources by 55.0% during the 1st quarter. Royal Bank of Canada now owns 2,029 shares of the energy company’s stock valued at $254,000 after purchasing an additional 720 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Alpha Metallurgical Resources by 4.7% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,548 shares of the energy company’s stock valued at $820,000 after buying an additional 295 shares during the period. Millennium Management LLC boosted 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 in the last quarter. Intech Investment Management LLC grew its position in shares of Alpha Metallurgical Resources by 48.3% during the 1st quarter. Intech Investment Management LLC now owns 13,149 shares of the energy company’s stock worth $1,647,000 after buying an additional 4,281 shares during the period. Finally, State of Alaska Department of Revenue increased its stake in shares of Alpha Metallurgical Resources by 7.5% in the 2nd quarter. State of Alaska Department of Revenue now owns 6,513 shares of the energy company’s stock valued at $731,000 after acquiring an additional 454 shares in the last quarter. 84.29% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Alpha Metallurgical Resources

In other Alpha Metallurgical Resources news, insider Daniel E. Horn sold 8,125 shares of the firm’s stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $188.32, for a total transaction of $1,530,100.00. Following the transaction, the insider directly owned 4,989 shares in the company, valued at approximately $939,528.48. This trade represents a 61.96% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Kenneth S. Courtis bought 9,000 shares of Alpha Metallurgical Resources stock in a transaction dated Monday, December 15th. The stock was purchased at an average price of $188.16 per share, with a total value of $1,693,440.00. Following the purchase, the director owned 816,537 shares in the company, valued at approximately $153,639,601.92. This represents a 1.11% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders purchased a total of 98,576 shares of company stock valued at $17,994,174 over the last ninety days. 16.00% of the stock is currently owned by insiders.

Alpha Metallurgical Resources Trading Down 5.1%

Alpha Metallurgical Resources stock opened at $209.89 on Monday. The firm has a market capitalization of $2.70 billion, a price-to-earnings ratio of -58.96 and a beta of 0.78. The firm’s fifty day moving average price is $203.89 and its two-hundred day moving average price is $170.40. Alpha Metallurgical Resources, Inc. has a 1-year low of $97.41 and a 1-year high of $253.82.

Alpha Metallurgical Resources (NYSE:AMR) last posted its earnings results on Thursday, November 6th. The energy company reported ($0.42) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.35) by ($0.07). Alpha Metallurgical Resources had a negative return on equity of 2.88% and a negative net margin of 2.09%.The business had revenue of $526.78 million during the quarter, compared to analyst estimates of $543.77 million. During the same quarter in the prior year, the company earned $0.29 EPS. The company’s revenue was down 21.6% on a year-over-year basis. On average, research analysts forecast that Alpha Metallurgical Resources, Inc. will post 14.31 EPS for the current year.

Analyst Ratings Changes

Several brokerages recently issued reports on AMR. Weiss Ratings reissued a “sell (d)” rating on shares of Alpha Metallurgical Resources in a research note on Monday, December 29th. Jefferies Financial Group upped their price objective on shares of Alpha Metallurgical Resources from $165.00 to $205.00 and gave the company a “hold” rating in a report on Tuesday, January 20th. Finally, Texas Capital downgraded Alpha Metallurgical Resources from a “strong-buy” rating to a “hold” rating in a research note on Thursday. One equities research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Alpha Metallurgical Resources currently has an average rating of “Hold” and an average target price of $188.00.

About Alpha Metallurgical Resources

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.