SG Americas Securities LLC Sells 16,160 Shares of Alpha Metallurgical Resources, Inc. $AMR

SG Americas Securities LLC trimmed its position in Alpha Metallurgical Resources, Inc. (NYSE:AMR) by 85.4% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,754 shares of the energy company’s stock after selling 16,160 shares during the quarter. SG Americas Securities LLC’s holdings in Alpha Metallurgical Resources were worth $565,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the company. First Citizens Bank & Trust Co. boosted its stake in Alpha Metallurgical Resources by 1.8% during the fourth quarter. First Citizens Bank & Trust Co. now owns 4,058 shares of the energy company’s stock valued at $811,000 after buying an additional 72 shares during the last quarter. EP Wealth Advisors LLC purchased a new position in Alpha Metallurgical Resources during the 4th quarter valued at approximately $233,000. Regal Partners Ltd bought a new stake in Alpha Metallurgical Resources in the 4th quarter worth approximately $977,000. Empowered Funds LLC increased its stake in Alpha Metallurgical Resources by 47.3% in the 4th quarter. Empowered Funds LLC now owns 20,822 shares of the energy company’s stock worth $4,162,000 after acquiring an additional 6,684 shares during the last quarter. Finally, XTX Topco Ltd purchased a new stake in shares of Alpha Metallurgical Resources during the 4th quarter worth approximately $1,145,000. 84.29% of the stock is currently owned by hedge funds and other institutional investors.

Alpha Metallurgical Resources Stock Performance

Shares of NYSE:AMR opened at $152.11 on Wednesday. The company has a current ratio of 3.67, a quick ratio of 2.81 and a debt-to-equity ratio of 0.01. Alpha Metallurgical Resources, Inc. has a 12 month low of $109.21 and a 12 month high of $253.82. The company has a market capitalization of $1.93 billion, a price-to-earnings ratio of -50.70 and a beta of 0.63. The firm’s 50-day moving average is $185.10 and its 200 day moving average is $196.20.

Alpha Metallurgical Resources (NYSE:AMR) last announced its quarterly earnings data on Friday, May 8th. The energy company reported ($0.86) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.86). Alpha Metallurgical Resources had a negative net margin of 1.83% and a negative return on equity of 2.47%. The business had revenue of $447.32 million during the quarter, compared to the consensus estimate of $535.15 million. During the same quarter last year, the firm earned ($2.60) earnings per share. The firm’s quarterly revenue was down 1.3% compared to the same quarter last year. Research analysts predict that Alpha Metallurgical Resources, Inc. will post 8.21 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on AMR shares. Atlantic Securities set a $194.00 target price on shares of Alpha Metallurgical Resources in a report on Thursday, April 30th. Zacks Research downgraded shares of Alpha Metallurgical Resources from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 5th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Alpha Metallurgical Resources in a research report on Wednesday, June 24th. Four analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Reduce” and an average target price of $195.33.

Insider Transactions at Alpha Metallurgical Resources

In other Alpha Metallurgical Resources news, EVP Mark Matthew Manno sold 460 shares of the company’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of $214.64, for a total value of $98,734.40. Following the transaction, the executive vice president owned 3,966 shares of the company’s stock, valued at $851,262.24. This represents a 10.39% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, COO Jason E. Whitehead sold 3,901 shares of the stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $212.28, for a total value of $828,104.28. Following the completion of the sale, the chief operating officer owned 10,450 shares in the company, valued at approximately $2,218,326. The trade was a 27.18% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 18.20% of the company’s stock.

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.