54,462 Shares in Alpha Metallurgical Resources, Inc. $AMR Bought by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. bought a new position in Alpha Metallurgical Resources, Inc. (NYSE:AMR) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 54,462 shares of the energy company’s stock, valued at approximately $8,983,000. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.43% of Alpha Metallurgical Resources as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. First Citizens Bank & Trust Co. boosted its stake in shares of 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 purchasing an additional 72 shares in the last quarter. ProShare Advisors LLC increased its stake in shares of Alpha Metallurgical Resources by 3.3% in the fourth quarter. ProShare Advisors LLC now owns 2,266 shares of the energy company’s stock valued at $453,000 after buying an additional 73 shares during the period. The Manufacturers Life Insurance Company increased its stake in shares of Alpha Metallurgical Resources by 1.2% in the second 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 period. Envestnet Portfolio Solutions Inc. raised its holdings in Alpha Metallurgical Resources by 2.0% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 3,907 shares of the energy company’s stock valued at $781,000 after buying an additional 78 shares during the last quarter. Finally, Virtus Advisers LLC raised its holdings in Alpha Metallurgical Resources by 2.8% in the 4th quarter. Virtus Advisers LLC now owns 3,443 shares of the energy company’s stock valued at $688,000 after buying an additional 93 shares during the last quarter. 84.29% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

AMR has been the topic of a number of research reports. Zacks Research raised shares of Alpha Metallurgical Resources from a “strong sell” rating to a “hold” rating in a report on Wednesday, July 29th. B. Riley Financial decreased their price target on shares of Alpha Metallurgical Resources from $189.00 to $185.00 and set a “neutral” rating for the company in a research report on Thursday, August 20th. Atlantic Securities set a $194.00 price target on shares of Alpha Metallurgical Resources in a research note on Thursday, April 30th. Wall Street Zen lowered shares of Alpha Metallurgical Resources from a “hold” rating to a “sell” rating in a report on Saturday, August 8th. Finally, UBS Group initiated coverage on shares of Alpha Metallurgical Resources in a research note on Friday, July 10th. They issued a “neutral” rating and a $165.00 price objective on the stock. Six investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Reduce” and an average price target of $176.00.

Insider Transactions at Alpha Metallurgical Resources

In other news, EVP Mark Matthew Manno sold 460 shares of Alpha Metallurgical Resources stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $214.64, for a total value of $98,734.40. Following the completion of the transaction, the executive vice president directly owned 3,966 shares of the company’s stock, valued at approximately $851,262.24. This trade represents a 10.39% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Kenneth S. Courtis acquired 15,000 shares of the company’s stock in a transaction dated Thursday, August 20th. The stock was acquired at an average cost of $193.50 per share, for a total transaction of $2,902,500.00. Following the completion of the purchase, the director directly owned 1,015,394 shares in the company, valued at $196,478,739. This trade represents a 1.50% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last ninety days, insiders acquired 30,000 shares of company stock valued at $5,992,450. Corporate insiders own 18.20% of the company’s stock.

Alpha Metallurgical Resources Trading Up 0.7%

AMR opened at $217.12 on Thursday. Alpha Metallurgical Resources, Inc. has a twelve month low of $133.64 and a twelve month high of $253.82. The company has a fifty day moving average of $160.99 and a 200-day moving average of $181.02. The stock has a market cap of $2.75 billion, a PE ratio of -60.65 and a beta of 0.65. The company has a quick ratio of 2.37, a current ratio of 3.41 and a debt-to-equity ratio of 0.01.

Alpha Metallurgical Resources (NYSE:AMR) last released its earnings results on Friday, August 7th. The energy company reported ($0.96) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.97) by $0.01. The business had revenue of $421.29 million for the quarter, compared to analyst estimates of $521.61 million. Alpha Metallurgical Resources had a negative net margin of 2.23% and a negative return on equity of 2.99%. Alpha Metallurgical Resources’s revenue for the quarter was down 10.4% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.38) earnings per share. On average, sell-side analysts predict that Alpha Metallurgical Resources, Inc. will post -2.4 EPS 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.