Alpha Metallurgical Resources, Inc. $AMR Shares Bought by JPMorgan Chase & Co.

JPMorgan Chase & Co. grew its stake in shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR) by 21.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 91,732 shares of the energy company’s stock after acquiring an additional 16,295 shares during the period. JPMorgan Chase & Co.’s holdings in Alpha Metallurgical Resources were worth $15,052,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Financial Management Professionals Inc. acquired a new stake in shares of Alpha Metallurgical Resources in the 3rd quarter worth approximately $25,000. Hantz Financial Services Inc. grew its holdings 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 last quarter. CWM LLC grew its holdings in Alpha Metallurgical Resources by 146.0% in the third 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 increased its position in shares of Alpha Metallurgical Resources by 48.9% in the third quarter. Farther Finance Advisors LLC now owns 265 shares of the energy company’s stock valued at $43,000 after buying an additional 87 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its stake 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 buying an additional 175 shares during the last quarter. Hedge funds and other institutional investors own 84.29% of the company’s stock.

Wall Street Analyst Weigh In

AMR has been the topic of a number of research reports. B. Riley Financial cut shares of Alpha Metallurgical Resources from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $204.00 to $203.00 in a research note on Wednesday, February 4th. Benchmark reissued a “hold” rating on shares of Alpha Metallurgical Resources in a research note on Monday. Zacks Research downgraded Alpha Metallurgical Resources from a “hold” rating to a “strong sell” rating in a research report on Thursday, February 5th. Texas Capital lowered Alpha Metallurgical Resources from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 29th. Finally, Jefferies Financial Group reissued a “hold” rating and set a $185.00 price target on shares of Alpha Metallurgical Resources in a research report on Monday. Four analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, Alpha Metallurgical Resources has an average rating of “Reduce” and a consensus price target of $194.00.

Insiders Place Their Bets

In other Alpha Metallurgical Resources news, insider Daniel E. Horn sold 8,125 shares of Alpha Metallurgical Resources 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 completion of the sale, the insider owned 4,989 shares in the company, valued at $939,528.48. The trade was a 61.96% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Michael Gorzynski acquired 38,576 shares of the company’s stock in a transaction dated Monday, December 15th. The shares were bought at an average cost of $188.50 per share, with a total value of $7,271,576.00. Following the purchase, the director owned 644,025 shares in the company, valued at approximately $121,398,712.50. The trade was a 6.37% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last ninety days, insiders have acquired 98,576 shares of company stock valued at $17,994,174. Insiders own 16.00% of the company’s stock.

Alpha Metallurgical Resources Stock Up 5.6%

Shares of NYSE AMR opened at $174.37 on Wednesday. The firm has a market cap of $2.23 billion, a P/E ratio of -36.79 and a beta of 0.79. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.53 and a current ratio of 4.47. Alpha Metallurgical Resources, Inc. has a 1 year low of $97.41 and a 1 year high of $253.82. The firm’s 50 day moving average price is $206.25 and its 200 day moving average price is $178.26.

Alpha Metallurgical Resources (NYSE:AMR) last issued its quarterly earnings results on Friday, February 27th. The energy company reported ($1.34) earnings per share for the quarter, meeting the consensus estimate of ($1.34). Alpha Metallurgical Resources had a negative return on equity of 3.88% and a negative net margin of 2.90%.The company had revenue of $520.47 million during the quarter, compared to the consensus estimate of $538.45 million. During the same period in the previous year, the firm posted ($0.16) EPS. Alpha Metallurgical Resources’s revenue was down 15.7% on a year-over-year basis. As a group, sell-side analysts anticipate that Alpha Metallurgical Resources, Inc. will post 14.31 earnings per share for the current year.

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.