6,792 Shares in Alpha Metallurgical Resources, Inc. (NYSE:AMR) Purchased by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund purchased a new position in shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 6,792 shares of the energy company’s stock, valued at approximately $2,302,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Wetzel Investment Advisors Inc. acquired a new position in shares of Alpha Metallurgical Resources in the fourth quarter valued at approximately $34,000. Exchange Traded Concepts LLC purchased a new position in Alpha Metallurgical Resources in the 3rd quarter valued at approximately $41,000. DekaBank Deutsche Girozentrale purchased a new position in Alpha Metallurgical Resources in the 3rd quarter valued at approximately $132,000. CI Investments Inc. acquired a new position in shares of Alpha Metallurgical Resources in the third quarter worth $188,000. Finally, Kingsview Wealth Management LLC purchased a new stake in shares of Alpha Metallurgical Resources during the third quarter worth $210,000. 84.29% of the stock is currently owned by hedge funds and other institutional investors.

Alpha Metallurgical Resources Trading Up 5.3 %

Shares of NYSE AMR opened at $341.44 on Friday. The stock has a market cap of $4.44 billion, a P/E ratio of 7.01 and a beta of 1.35. Alpha Metallurgical Resources, Inc. has a twelve month low of $132.72 and a twelve month high of $452.00. The stock has a 50 day moving average of $343.04 and a two-hundred day moving average of $319.13.

Alpha Metallurgical Resources (NYSE:AMR) last released its quarterly earnings results on Monday, February 26th. The energy company reported $12.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $8.78 by $4.10. Alpha Metallurgical Resources had a return on equity of 46.22% and a net margin of 20.80%. The company had revenue of $959.90 million during the quarter, compared to analysts’ expectations of $796.65 million. During the same quarter in the prior year, the business posted $13.37 earnings per share. The company’s revenue for the quarter was up 16.6% compared to the same quarter last year. As a group, research analysts predict that Alpha Metallurgical Resources, Inc. will post 29.82 earnings per share for the current year.

Analyst Ratings Changes

Separately, B. Riley decreased their price objective on Alpha Metallurgical Resources from $381.00 to $374.00 and set a “buy” rating for the company in a research note on Monday, April 15th.

Insider Activity at Alpha Metallurgical Resources

In other news, Director Kenneth S. Courtis sold 22,802 shares of the company’s stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $302.81, for a total value of $6,904,673.62. Following the completion of the sale, the director now directly owns 638,234 shares of the company’s stock, valued at approximately $193,263,637.54. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, Director Kenneth S. Courtis sold 22,802 shares of the business’s stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $302.81, for a total value of $6,904,673.62. Following the sale, the director now owns 638,234 shares of the company’s stock, valued at approximately $193,263,637.54. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Kenneth S. Courtis sold 15,000 shares of the firm’s stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $318.95, for a total value of $4,784,250.00. Following the transaction, the director now directly owns 681,036 shares of the company’s stock, valued at approximately $217,216,432.20. The disclosure for this sale can be found here. Insiders sold 153,971 shares of company stock worth $55,479,986 in the last 90 days. Corporate insiders own 15.00% of the company’s stock.

Alpha Metallurgical Resources Profile

Alpha Metallurgical Resources, Inc, a mining company, produces, processes, and sells met and thermal coal in Virginia and West Virginia. The company offers metallurgical coal products. It operates twenty-two active mines and nine coal preparation and load-out facilities. The company was formerly known as Contura Energy, Inc and changed its name to Alpha Metallurgical Resources, Inc in February 2021.