Goehring & Rozencwajg Associates LLC Purchases 163,144 Shares of Alpha Metallurgical Resources, Inc. $AMR

Goehring & Rozencwajg Associates LLC increased its position in shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR) by 206.8% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 242,039 shares of the energy company’s stock after buying an additional 163,144 shares during the period. Alpha Metallurgical Resources accounts for approximately 2.7% of Goehring & Rozencwajg Associates LLC’s investment portfolio, making the stock its 15th biggest position. Goehring & Rozencwajg Associates LLC’s holdings in Alpha Metallurgical Resources were worth $49,683,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Los Angeles Capital Management LLC acquired a new position in shares of Alpha Metallurgical Resources during the 4th quarter worth about $29,000. Caitong International Asset Management Co. Ltd lifted its stake in Alpha Metallurgical Resources by 215.4% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 164 shares of the energy company’s stock valued at $33,000 after purchasing an additional 112 shares during the last quarter. Leonteq Securities AG bought a new position in Alpha Metallurgical Resources during the first quarter worth about $37,000. Aster Capital Management DIFC Ltd bought a new position in Alpha Metallurgical Resources during the fourth quarter worth about $45,000. Finally, Hantz Financial Services Inc. increased its position in Alpha Metallurgical Resources by 67.9% during the fourth quarter. Hantz Financial Services Inc. now owns 403 shares of the energy company’s stock worth $81,000 after buying an additional 163 shares during the last quarter. 84.29% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, EVP Mark Matthew Manno sold 460 shares of the company’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of $214.64, for a total transaction of $98,734.40. Following the completion of the transaction, the executive vice president directly owned 3,966 shares in the company, valued at approximately $851,262.24. This represents a 10.39% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Kenneth S. Courtis purchased 10,000 shares of the company’s stock in a transaction dated Friday, June 12th. The stock was purchased at an average price of $200.73 per share, with a total value of $2,007,300.00. Following the completion of the purchase, the director directly owned 985,394 shares in the company, valued at $197,798,137.62. The trade was a 1.03% increase in their position. The SEC filing for this purchase provides additional information. Insiders own 18.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on AMR shares. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Alpha Metallurgical Resources in a research report on Wednesday, June 24th. Zacks Research lowered shares of Alpha Metallurgical Resources from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 5th. Atlantic Securities set a $194.00 price objective on shares of Alpha Metallurgical Resources in a research note on Thursday, April 30th. Finally, UBS Group assumed coverage on shares of Alpha Metallurgical Resources in a research report on Friday, July 10th. They issued a “neutral” rating and a $165.00 target price for the company. Five research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Reduce” and an average target price of $187.75.

Alpha Metallurgical Resources Trading Down 0.5%

AMR opened at $153.17 on Thursday. The company has a market cap of $1.95 billion, a P/E ratio of -51.06 and a beta of 0.63. The company has a current ratio of 3.67, a quick ratio of 2.81 and a debt-to-equity ratio of 0.01. The company’s 50 day moving average is $180.12 and its 200-day moving average is $193.80. Alpha Metallurgical Resources, Inc. has a 1-year low of $113.00 and a 1-year high of $253.82.

Alpha Metallurgical Resources (NYSE:AMR) last released its quarterly earnings data on Friday, May 8th. The energy company reported ($0.86) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.86). The business had revenue of $447.32 million during the quarter, compared to analysts’ expectations of $535.15 million. Alpha Metallurgical Resources had a negative net margin of 1.83% and a negative return on equity of 2.47%. The firm’s quarterly revenue was down 1.3% compared to the same quarter last year. During the same period in the prior year, the company earned ($2.60) EPS. Equities research analysts predict that Alpha Metallurgical Resources, Inc. will post 8.21 earnings per share for the current fiscal 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.