Alpha Metallurgical Resources, Inc. $AMR Position Increased by Old West Investment Management LLC

Old West Investment Management LLC boosted its holdings in Alpha Metallurgical Resources, Inc. (NYSE:AMR) by 182.0% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 28,350 shares of the energy company’s stock after buying an additional 18,297 shares during the quarter. Old West Investment Management LLC owned 0.22% of Alpha Metallurgical Resources worth $4,652,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. State Street Corp grew its holdings in shares of Alpha Metallurgical Resources by 27.2% in the 2nd quarter. State Street Corp now owns 865,934 shares of the energy company’s stock worth $97,400,000 after acquiring an additional 185,281 shares during the last quarter. Dalal Street LLC increased its stake in Alpha Metallurgical Resources by 11.0% in the 2nd quarter. Dalal Street LLC now owns 460,327 shares of the energy company’s stock worth $51,778,000 after purchasing an additional 45,711 shares in the last quarter. American Century Companies Inc. lifted its stake in Alpha Metallurgical Resources by 3.4% during the second quarter. American Century Companies Inc. now owns 394,334 shares of the energy company’s stock valued at $44,355,000 after buying an additional 12,884 shares in the last quarter. Gendell Jeffrey L boosted its holdings in shares of Alpha Metallurgical Resources by 30.9% in the second quarter. Gendell Jeffrey L now owns 296,396 shares of the energy company’s stock worth $33,339,000 after buying an additional 69,950 shares during the period. Finally, Geode Capital Management LLC increased its position in shares of Alpha Metallurgical Resources by 6.1% in the second quarter. Geode Capital Management LLC now owns 268,609 shares of the energy company’s stock worth $30,219,000 after acquiring an additional 15,525 shares in the last quarter. Institutional investors and hedge funds own 84.29% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on AMR. Zacks Research downgraded shares of Alpha Metallurgical Resources from a “hold” rating to a “strong sell” rating in a research report on Thursday. Texas Capital downgraded shares of Alpha Metallurgical Resources from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 29th. Jefferies Financial Group increased their target price on Alpha Metallurgical Resources from $165.00 to $205.00 and gave the company a “hold” rating in a report on Tuesday, January 20th. B. Riley Financial downgraded Alpha Metallurgical Resources from a “buy” rating to a “neutral” rating and lowered their price target for the company from $204.00 to $203.00 in a report on Wednesday. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Alpha Metallurgical Resources in a research report on Monday, December 29th. Five equities research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Reduce” and a consensus price target of $203.67.

Alpha Metallurgical Resources Stock Up 2.3%

Shares of NYSE:AMR opened at $206.39 on Friday. The firm has a fifty day moving average of $208.59 and a two-hundred day moving average of $172.59. Alpha Metallurgical Resources, Inc. has a 12-month low of $97.41 and a 12-month high of $253.82. The firm has a market capitalization of $2.65 billion, a P/E ratio of -57.97 and a beta of 0.78.

Alpha Metallurgical Resources (NYSE:AMR) last announced its quarterly earnings data on Thursday, November 6th. The energy company reported ($0.42) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.35) by ($0.07). The firm had revenue of $526.78 million for the quarter, compared to analysts’ expectations of $543.77 million. Alpha Metallurgical Resources had a negative return on equity of 2.88% and a negative net margin of 2.09%.Alpha Metallurgical Resources’s revenue was down 21.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.29 earnings per share. Equities research analysts expect that Alpha Metallurgical Resources, Inc. will post 14.31 earnings per share for the current fiscal year.

Insider Transactions at Alpha Metallurgical Resources

In related news, insider Daniel E. Horn sold 8,125 shares of the firm’s stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $188.32, for a total transaction of $1,530,100.00. Following the transaction, the insider owned 4,989 shares of the company’s stock, valued at approximately $939,528.48. This trade represents a 61.96% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Kenneth S. Courtis bought 9,000 shares of Alpha Metallurgical Resources stock in a transaction on Monday, December 15th. The stock was acquired at an average price of $188.16 per share, with a total value of $1,693,440.00. Following the completion of the purchase, the director directly owned 816,537 shares of the company’s stock, valued at approximately $153,639,601.92. The trade was a 1.11% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders bought 98,576 shares of company stock valued at $17,994,174 in the last three months. Corporate insiders own 16.00% 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.