Alpha Metallurgical Resources, Inc. $AMR Shares Sold by GSA Capital Partners LLP

GSA Capital Partners LLP lowered its position in shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR) by 68.7% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,288 shares of the energy company’s stock after selling 13,780 shares during the period. GSA Capital Partners LLP’s holdings in Alpha Metallurgical Resources were worth $1,032,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the company. Financial Management Professionals Inc. purchased a new position in Alpha Metallurgical Resources in the third quarter worth approximately $25,000. Hantz Financial Services Inc. raised its position in Alpha Metallurgical Resources by 361.5% in the third quarter. Hantz Financial Services Inc. now owns 240 shares of the energy company’s stock valued at $39,000 after purchasing an additional 188 shares during the period. CWM LLC lifted its stake in shares of Alpha Metallurgical Resources by 146.0% in the 3rd quarter. CWM LLC now owns 246 shares of the energy company’s stock valued at $40,000 after purchasing an additional 146 shares during the last quarter. Farther Finance Advisors LLC grew its holdings in shares of Alpha Metallurgical Resources by 48.9% during the 3rd quarter. Farther Finance Advisors LLC now owns 265 shares of the energy company’s stock worth $43,000 after purchasing an additional 87 shares during the period. Finally, PNC Financial Services Group Inc. grew its holdings in shares of Alpha Metallurgical Resources by 85.4% during the 3rd quarter. PNC Financial Services Group Inc. now owns 380 shares of the energy company’s stock worth $62,000 after purchasing an additional 175 shares during the period. Hedge funds and other institutional investors own 84.29% of the company’s stock.

Insiders Place Their Bets

In other Alpha Metallurgical Resources news, Director Michael Gorzynski acquired 38,576 shares of the firm’s stock in a transaction dated Monday, December 15th. The shares were acquired at an average price of $188.50 per share, for a total transaction of $7,271,576.00. Following the completion of the acquisition, the director directly owned 644,025 shares of the company’s stock, valued at $121,398,712.50. This trade represents a 6.37% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Daniel E. Horn sold 8,125 shares of the stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $188.32, for a total value of $1,530,100.00. Following the transaction, the insider owned 4,989 shares in the company, valued at $939,528.48. This trade represents a 61.96% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have acquired a total of 98,576 shares of company stock valued at $17,994,174 in the last quarter. 16.00% of the stock is currently owned by company insiders.

Alpha Metallurgical Resources Trading Down 2.5%

AMR stock opened at $176.23 on Friday. Alpha Metallurgical Resources, Inc. has a 52 week low of $97.41 and a 52 week high of $253.82. The company has a market cap of $2.27 billion, a P/E ratio of -49.50 and a beta of 0.78. The company’s 50-day moving average price is $210.53 and its 200 day moving average price is $176.24.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Zacks Research lowered shares of Alpha Metallurgical Resources from a “hold” rating to a “strong sell” rating in a report on Thursday, February 5th. Texas Capital cut shares of Alpha Metallurgical Resources from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 29th. Jefferies Financial Group upped their price objective on shares of Alpha Metallurgical Resources from $165.00 to $205.00 and gave the stock a “hold” rating in a report on Tuesday, January 20th. B. Riley Financial cut shares of Alpha Metallurgical Resources from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $204.00 to $203.00 in a research report on Wednesday, February 4th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Alpha Metallurgical Resources in a research report on Monday, December 29th. Three analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Reduce” and an average price target of $204.00.

Alpha Metallurgical Resources Company Profile

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.