NWF Advisory Services Inc. Raises Stake in Alpha Metallurgical Resources, Inc. $AMR

NWF Advisory Services Inc. increased its position in Alpha Metallurgical Resources, Inc. (NYSE:AMR) by 10.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 39,535 shares of the energy company’s stock after buying an additional 3,798 shares during the period. NWF Advisory Services Inc. owned about 0.31% of Alpha Metallurgical Resources worth $8,115,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the company. Systrade AG acquired a new stake in Alpha Metallurgical Resources during the fourth quarter worth approximately $55,966,000. Crocodile Capital Partners GmbH acquired a new position in Alpha Metallurgical Resources in the 4th quarter valued at $40,999,000. State Street Corp lifted its stake in shares of Alpha Metallurgical Resources by 27.2% during the 2nd quarter. State Street Corp now owns 865,934 shares of the energy company’s stock worth $97,400,000 after purchasing an additional 185,281 shares during the period. Millennium Management LLC lifted its stake 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 worth $13,290,000 after purchasing an additional 71,653 shares during the period. Finally, Two Sigma Investments LP acquired a new stake in shares of Alpha Metallurgical Resources during the third quarter worth $8,132,000. Hedge funds and other institutional investors own 84.29% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on AMR. Zacks Research downgraded Alpha Metallurgical Resources from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 5th. Weiss Ratings reiterated a “sell (d)” rating on shares of Alpha Metallurgical Resources in a research report on Wednesday, June 24th. Atlantic Securities set a $194.00 price target on Alpha Metallurgical Resources in a research note on Thursday, April 30th. Finally, UBS Group began coverage on Alpha Metallurgical Resources in a report on Friday. They issued a “neutral” rating and a $165.00 price target for the company. Five research analysts have rated the stock with a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Reduce” and an average price target of $187.75.

Insider Activity at Alpha Metallurgical Resources

In other news, COO Jason E. Whitehead sold 3,901 shares of the firm’s stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $212.28, for a total value of $828,104.28. Following the transaction, the chief operating officer directly owned 10,450 shares in the company, valued at $2,218,326. This trade represents a 27.18% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Kenneth S. Courtis acquired 15,000 shares of Alpha Metallurgical Resources stock in a transaction dated Tuesday, May 12th. The stock was purchased at an average cost of $189.22 per share, for a total transaction of $2,838,300.00. Following the completion of the purchase, the director directly owned 975,394 shares in the company, valued at approximately $184,564,052.68. This represents a 1.56% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 18.20% of the stock is owned by insiders.

Alpha Metallurgical Resources Stock Performance

NYSE:AMR opened at $148.69 on Tuesday. The company has a quick ratio of 2.81, a current ratio of 3.67 and a debt-to-equity ratio of 0.01. The company has a market cap of $1.89 billion, a P/E ratio of -49.56 and a beta of 0.63. Alpha Metallurgical Resources, Inc. has a fifty-two week low of $113.00 and a fifty-two week high of $253.82. The firm’s 50 day moving average is $181.69 and its two-hundred day moving average is $194.56.

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, meeting the consensus estimate of ($0.86). The company had revenue of $447.32 million during the quarter, compared to analysts’ expectations of $535.15 million. Alpha Metallurgical Resources had a negative net margin of 1.83% and a negative return on equity of 2.47%. The business’s quarterly revenue was down 1.3% compared to the same quarter last year. During the same period in the previous year, the company earned ($2.60) EPS. Analysts expect that Alpha Metallurgical Resources, Inc. will post 8.21 EPS for the current year.

Alpha Metallurgical Resources 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.