4,530 Shares in Alpha Metallurgical Resources, Inc. (NYSE:AMR) Acquired by Chesapeake Capital Corp IL

Chesapeake Capital Corp IL purchased a new position in shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 4,530 shares of the energy company’s stock, valued at approximately $1,535,000. Alpha Metallurgical Resources accounts for approximately 1.1% of Chesapeake Capital Corp IL’s investment portfolio, making the stock its 17th biggest holding.

Several other institutional investors have also made changes to their positions in AMR. GAMMA Investing LLC acquired a new stake in Alpha Metallurgical Resources in the fourth quarter valued at approximately $33,000. Wetzel Investment Advisors Inc. acquired a new stake in Alpha Metallurgical Resources in the fourth quarter valued at approximately $34,000. Quadrant Capital Group LLC acquired a new stake in Alpha Metallurgical Resources in the fourth quarter valued at approximately $35,000. DekaBank Deutsche Girozentrale acquired a new stake in Alpha Metallurgical Resources in the third quarter valued at approximately $132,000. Finally, CI Investments Inc. acquired a new stake in Alpha Metallurgical Resources in the third quarter valued at approximately $188,000. 84.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Alpha Metallurgical Resources

In other 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 sale, the insider now directly owns 6,462 shares in the company, valued at $2,328,193.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 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 transaction of $36,029.00. Following the transaction, the insider now owns 6,462 shares of the company’s stock, valued at $2,328,193.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director David J. Stetson sold 30,694 shares of the business’s stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $392.30, for a total transaction of $12,041,256.20. Following the transaction, the director now directly owns 26,054 shares in the company, valued at approximately $10,220,984.20. The disclosure for this sale can be found here. Over the last three months, insiders sold 157,564 shares of company stock worth $56,522,531. 15.00% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of analysts have issued reports on AMR shares. Benchmark reiterated a “hold” rating on shares of Alpha Metallurgical Resources in a research note on Tuesday, May 7th. B. Riley lifted their target price on shares of Alpha Metallurgical Resources from $374.00 to $375.00 and gave the company a “buy” rating in a research note on Tuesday, May 7th.

Alpha Metallurgical Resources Stock Performance

Shares of Alpha Metallurgical Resources stock traded up $4.25 on Friday, reaching $307.18. The stock had a trading volume of 111,120 shares, compared to its average volume of 192,443. The business’s 50-day moving average price is $316.71 and its two-hundred day moving average price is $332.42. Alpha Metallurgical Resources, Inc. has a fifty-two week low of $132.72 and a fifty-two week high of $452.00. The stock has a market cap of $4.00 billion, a P/E ratio of 7.44 and a beta of 1.38.

Alpha Metallurgical Resources (NYSE:AMR) last issued its quarterly earnings data on Monday, May 6th. The energy company reported $9.59 earnings per share for the quarter, missing analysts’ consensus estimates of $9.61 by ($0.02). Alpha Metallurgical Resources had a return on equity of 36.77% and a net margin of 16.89%. The firm had revenue of $864.07 million during the quarter, compared to analyst estimates of $845.35 million. During the same quarter in the previous year, the firm posted $17.01 earnings per share. Alpha Metallurgical Resources’s quarterly revenue was down 5.2% compared to the same quarter last year. As a group, equities analysts forecast that Alpha Metallurgical Resources, Inc. will post 28.91 earnings per share for the current fiscal year.

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.