Towle & Co. Sells 12,955 Shares of Alpha Metallurgical Resources, Inc. $AMR

Towle & Co. decreased its position in Alpha Metallurgical Resources, Inc. (NYSE:AMR) by 16.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 63,789 shares of the energy company’s stock after selling 12,955 shares during the period. Alpha Metallurgical Resources comprises approximately 2.6% of Towle & Co.’s portfolio, making the stock its 12th biggest holding. Towle & Co. owned 0.50% of Alpha Metallurgical Resources worth $10,467,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the company. The Manufacturers Life Insurance Company lifted its position in shares of Alpha Metallurgical Resources by 1.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 6,256 shares of the energy company’s stock valued at $704,000 after buying an additional 76 shares during the last quarter. GAMMA Investing LLC raised its stake in Alpha Metallurgical Resources by 26.5% in the 3rd quarter. GAMMA Investing LLC now owns 391 shares of the energy company’s stock valued at $64,000 after acquiring an additional 82 shares during the period. Farther Finance Advisors LLC lifted its holdings in Alpha Metallurgical Resources by 48.9% during the third quarter. Farther Finance Advisors LLC now owns 265 shares of the energy company’s stock valued at $43,000 after purchasing an additional 87 shares during the last quarter. Illinois Municipal Retirement Fund boosted its position in Alpha Metallurgical Resources by 1.6% during the third quarter. Illinois Municipal Retirement Fund now owns 6,022 shares of the energy company’s stock worth $988,000 after purchasing an additional 94 shares during the period. Finally, Amalgamated Bank boosted its position in Alpha Metallurgical Resources by 3.5% during the third quarter. Amalgamated Bank now owns 3,233 shares of the energy company’s stock worth $531,000 after purchasing an additional 108 shares during the period. 84.29% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

AMR has been the topic of a number of recent research reports. B. Riley Financial cut shares of Alpha Metallurgical Resources from a “buy” rating to a “neutral” rating and dropped their price target for the company from $204.00 to $203.00 in a research note on Wednesday, February 4th. Jefferies Financial Group increased their target price on Alpha Metallurgical Resources from $165.00 to $205.00 and gave the stock a “hold” rating in a research report on Tuesday, January 20th. Texas Capital cut Alpha Metallurgical Resources from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 29th. Zacks Research downgraded Alpha Metallurgical Resources from a “hold” rating to a “strong sell” rating in a research note on Thursday, February 5th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Alpha Metallurgical Resources in a report on Monday, December 29th. Three investment analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Reduce” and an average target price of $204.00.

Alpha Metallurgical Resources Price Performance

AMR stock opened at $175.59 on Friday. The firm has a 50 day simple moving average of $210.34 and a two-hundred day simple moving average of $176.63. The stock has a market cap of $2.26 billion, a PE ratio of -49.32 and a beta of 0.78. Alpha Metallurgical Resources, Inc. has a one year low of $97.41 and a one year high of $253.82.

Insider Buying and Selling at Alpha Metallurgical Resources

In other news, Director Kenneth S. Courtis acquired 9,000 shares of the firm’s stock in a transaction that occurred on Monday, December 15th. The shares were bought at an average cost of $188.16 per share, with a total value of $1,693,440.00. Following the acquisition, the director owned 816,537 shares in the company, valued at approximately $153,639,601.92. This represents a 1.11% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Daniel E. Horn sold 8,125 shares of the company’s stock in a transaction that occurred on 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 directly owned 4,989 shares of the company’s stock, valued at approximately $939,528.48. This represents a 61.96% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have bought 98,576 shares of company stock worth $17,994,174 over the last 90 days. 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.