Alpha Metallurgical Resources, Inc. (NYSE:AMR) Shares Bought by SummerHaven Investment Management LLC

SummerHaven Investment Management LLC grew its holdings in Alpha Metallurgical Resources, Inc. (NYSE:AMR) by 0.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,802 shares of the energy company’s stock after purchasing an additional 35 shares during the quarter. Alpha Metallurgical Resources accounts for about 1.0% of SummerHaven Investment Management LLC’s holdings, making the stock its biggest holding. SummerHaven Investment Management LLC’s holdings in Alpha Metallurgical Resources were worth $1,627,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. State of Alaska Department of Revenue acquired a new stake in Alpha Metallurgical Resources in the fourth quarter valued at approximately $2,465,000. Raymond James & Associates lifted its position in shares of Alpha Metallurgical Resources by 203.8% during the 3rd quarter. Raymond James & Associates now owns 9,546 shares of the energy company’s stock worth $2,479,000 after purchasing an additional 6,404 shares during the last quarter. Illinois Municipal Retirement Fund acquired a new position in shares of Alpha Metallurgical Resources during the fourth quarter worth $2,302,000. Invesco Ltd. increased its holdings in Alpha Metallurgical Resources by 180.9% in the third quarter. Invesco Ltd. now owns 115,816 shares of the energy company’s stock valued at $30,081,000 after buying an additional 74,583 shares during the last quarter. Finally, Louisiana State Employees Retirement System purchased a new position in Alpha Metallurgical Resources in the fourth quarter valued at $2,000,000. Hedge funds and other institutional investors own 84.29% of the company’s stock.

Alpha Metallurgical Resources Stock Performance

NYSE AMR traded down $1.76 on Monday, reaching $342.14. The stock had a trading volume of 33,284 shares, compared to its average volume of 240,158. The stock has a market cap of $4.45 billion, a P/E ratio of 7.06 and a beta of 1.35. The business’s 50-day moving average price is $342.45 and its 200 day moving average price is $320.74. Alpha Metallurgical Resources, Inc. has a 12-month low of $132.72 and a 12-month high of $452.00.

Alpha Metallurgical Resources (NYSE:AMR) last issued its quarterly earnings results on Monday, February 26th. The energy company reported $12.88 earnings per share for the quarter, topping analysts’ consensus estimates of $8.78 by $4.10. The firm had revenue of $959.90 million during the quarter, compared to analysts’ expectations of $796.65 million. Alpha Metallurgical Resources had a net margin of 20.80% and a return on equity of 46.22%. Alpha Metallurgical Resources’s quarterly revenue was up 16.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $13.37 EPS. On average, sell-side analysts predict that Alpha Metallurgical Resources, Inc. will post 29.82 earnings per share for the current year.

Insider Buying and Selling

In other Alpha Metallurgical Resources news, Director Kenneth S. Courtis sold 22,802 shares of the company’s stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $302.81, for a total transaction of $6,904,673.62. Following the completion of the sale, the director now directly owns 638,234 shares of the company’s stock, valued at approximately $193,263,637.54. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Alpha Metallurgical Resources news, 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 value of $6,904,673.62. Following the transaction, the director now directly owns 638,234 shares of the company’s stock, valued at approximately $193,263,637.54. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Roger Lee Nicholson sold 6,629 shares of the firm’s stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $369.71, for a total transaction of $2,450,807.59. Following the completion of the sale, the chief accounting officer now owns 10,720 shares of the company’s stock, valued at approximately $3,963,291.20. The disclosure for this sale can be found here. Insiders have sold a total of 153,971 shares of company stock valued at $55,479,986 over the last quarter. 16.40% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

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

Alpha Metallurgical Resources 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.