Alpha Metallurgical Resources, Inc. $AMR Stake Increased by Goehring & Rozencwajg Associates LLC

Goehring & Rozencwajg Associates LLC increased its stake in Alpha Metallurgical Resources, Inc. (NYSE:AMR) by 6.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 78,895 shares of the energy company’s stock after buying an additional 4,459 shares during the period. Alpha Metallurgical Resources comprises about 1.5% of Goehring & Rozencwajg Associates LLC’s investment portfolio, making the stock its 22nd largest position. Goehring & Rozencwajg Associates LLC owned approximately 0.61% of Alpha Metallurgical Resources worth $15,770,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Los Angeles Capital Management LLC bought a new stake in shares of Alpha Metallurgical Resources in the fourth quarter worth $29,000. Caitong International Asset Management Co. Ltd increased its stake in shares of Alpha Metallurgical Resources by 215.4% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 164 shares of the energy company’s stock worth $33,000 after buying an additional 112 shares during the last quarter. Hantz Financial Services Inc. increased its stake in shares of Alpha Metallurgical Resources by 361.5% in the third quarter. Hantz Financial Services Inc. now owns 240 shares of the energy company’s stock worth $39,000 after buying an additional 188 shares during the last quarter. PNC Financial Services Group Inc. increased its stake in shares of Alpha Metallurgical Resources by 85.4% in the third quarter. PNC Financial Services Group Inc. now owns 380 shares of the energy company’s stock worth $62,000 after buying an additional 175 shares during the last quarter. Finally, GAMMA Investing LLC increased its stake in shares of Alpha Metallurgical Resources by 31.7% in the fourth quarter. GAMMA Investing LLC now owns 515 shares of the energy company’s stock worth $103,000 after buying an additional 124 shares during the last quarter. Institutional investors own 84.29% of the company’s stock.

Insider Activity

In other news, COO Jason E. Whitehead sold 3,901 shares of the business’s stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $212.28, for a total transaction of $828,104.28. Following the completion of the transaction, the chief operating officer owned 10,450 shares of the company’s stock, valued at approximately $2,218,326. The trade was a 27.18% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Kenneth S. Courtis purchased 15,000 shares of Alpha Metallurgical Resources stock in a transaction dated Tuesday, May 12th. The shares were purchased at an average cost of $189.22 per share, with a total value of $2,838,300.00. Following the acquisition, the director owned 975,394 shares of the company’s stock, valued at approximately $184,564,052.68. This trade represents a 1.56% increase in their position. The SEC filing for this purchase provides additional information. Corporate insiders own 18.20% of the company’s stock.

Analyst Ratings Changes

AMR has been the subject of a number of research analyst reports. Benchmark restated a “hold” rating on shares of Alpha Metallurgical Resources in a research note on Monday, March 2nd. Atlantic Securities set a $194.00 target price on shares of Alpha Metallurgical Resources in a research note on Thursday, April 30th. Zacks Research lowered shares of Alpha Metallurgical Resources from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 5th. B. Riley Financial boosted their target price on shares of Alpha Metallurgical Resources from $203.00 to $207.00 and gave the company a “neutral” rating in a research note on Thursday, March 5th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Alpha Metallurgical Resources in a research note on Friday, March 27th. Four investment analysts have rated the stock with a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average price target of $195.33.

Alpha Metallurgical Resources Stock Up 6.4%

AMR stock opened at $201.25 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.67 and a quick ratio of 2.81. Alpha Metallurgical Resources, Inc. has a 1-year low of $97.41 and a 1-year high of $253.82. The firm has a fifty day moving average price of $194.36 and a two-hundred day moving average price of $196.51. The firm has a market cap of $2.56 billion, a price-to-earnings ratio of -67.08 and a beta of 0.62.

Alpha Metallurgical Resources (NYSE:AMR) last released its earnings results on Friday, May 8th. The energy company reported ($0.86) earnings per share for the quarter, meeting the consensus estimate of ($0.86). Alpha Metallurgical Resources had a negative net margin of 1.83% and a negative return on equity of 2.47%. The firm had revenue of $447.32 million during the quarter, compared to analyst estimates of $535.15 million. During the same quarter in the previous year, the firm earned ($2.60) earnings per share. The firm’s revenue for the quarter was down 1.3% compared to the same quarter last year. Research analysts predict that Alpha Metallurgical Resources, Inc. will post 11.98 EPS for the current year.

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.