Alpha Metallurgical Resources, Inc. $AMR Position Boosted by Stratos Wealth Advisors LLC

Stratos Wealth Advisors LLC grew its holdings in shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR) by 49.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 15,966 shares of the energy company’s stock after purchasing an additional 5,247 shares during the period. Stratos Wealth Advisors LLC owned approximately 0.12% of Alpha Metallurgical Resources worth $1,796,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the business. American Century Companies Inc. boosted its position in shares of Alpha Metallurgical Resources by 6.3% during the 1st quarter. American Century Companies Inc. now owns 381,450 shares of the energy company’s stock valued at $47,777,000 after purchasing an additional 22,444 shares in the last quarter. Fuller & Thaler Asset Management Inc. boosted its position in shares of Alpha Metallurgical Resources by 50.9% during the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 136,217 shares of the energy company’s stock valued at $17,061,000 after purchasing an additional 45,934 shares in the last quarter. Millennium Management LLC boosted its position 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 valued at $13,290,000 after purchasing an additional 71,653 shares in the last quarter. Goehring & Rozencwajg Associates LLC boosted its position in shares of Alpha Metallurgical Resources by 2.6% during the 1st quarter. Goehring & Rozencwajg Associates LLC now owns 73,689 shares of the energy company’s stock valued at $9,212,000 after purchasing an additional 1,889 shares in the last quarter. Finally, Hosking Partners LLP boosted its position in shares of Alpha Metallurgical Resources by 8.7% during the 1st quarter. Hosking Partners LLP now owns 60,014 shares of the energy company’s stock valued at $7,517,000 after purchasing an additional 4,794 shares in the last quarter. Institutional investors own 84.29% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on AMR. Wall Street Zen upgraded shares of Alpha Metallurgical Resources from a “sell” rating to a “hold” rating in a research report on Saturday, August 16th. Jefferies Financial Group raised their target price on shares of Alpha Metallurgical Resources from $110.00 to $150.00 and gave the stock a “hold” rating in a report on Monday, August 11th. Weiss Ratings reiterated a “sell (d)” rating on shares of Alpha Metallurgical Resources in a report on Wednesday, October 8th. Finally, B. Riley decreased their target price on shares of Alpha Metallurgical Resources from $173.00 to $171.00 and set a “buy” rating for the company in a report on Tuesday, August 5th. One investment analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Alpha Metallurgical Resources has an average rating of “Hold” and an average price target of $160.50.

Alpha Metallurgical Resources Price Performance

NYSE AMR opened at $153.19 on Friday. The company has a 50 day simple moving average of $154.49 and a 200-day simple moving average of $130.92. The firm has a market capitalization of $2.00 billion, a price-to-earnings ratio of -53.75 and a beta of 0.94. Alpha Metallurgical Resources, Inc. has a 52-week low of $97.41 and a 52-week high of $255.04.

Alpha Metallurgical Resources (NYSE:AMR) last posted its quarterly earnings results on Friday, August 8th. The energy company reported ($0.38) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($2.38) by $2.00. The business had revenue of $550.27 million during the quarter, compared to analyst estimates of $552.15 million. Alpha Metallurgical Resources had a negative net margin of 1.57% and a negative return on equity of 2.28%. The firm’s revenue was down 31.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $4.49 earnings per share. On average, analysts predict that Alpha Metallurgical Resources, Inc. will post 14.31 EPS for the current year.

Insider Transactions at Alpha Metallurgical Resources

In other news, CFO Joshua Todd Munsey sold 2,135 shares of the stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $157.00, for a total value of $335,195.00. Following the completion of the sale, the chief financial officer directly owned 4,466 shares of the company’s stock, valued at $701,162. This represents a 32.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Jason E. Whitehead sold 12,004 shares of the stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $161.84, for a total transaction of $1,942,727.36. Following the completion of the sale, the chief operating officer directly owned 9,673 shares of the company’s stock, valued at $1,565,478.32. This trade represents a 55.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. 16.00% of the stock is owned by insiders.

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.