Alpha Metallurgical Resources, Inc. $AMR Shares Acquired by SG Americas Securities LLC

SG Americas Securities LLC increased its position in shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR) by 712.1% during the 4th quarter, Holdings Channel.com reports. The firm owned 18,914 shares of the energy company’s stock after buying an additional 16,585 shares during the quarter. SG Americas Securities LLC’s holdings in Alpha Metallurgical Resources were worth $3,781,000 at the end of the most recent reporting period.

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

Alpha Metallurgical Resources Stock Up 5.4%

Shares of NYSE:AMR opened at $209.06 on Friday. The firm has a 50 day simple moving average of $194.19 and a 200 day simple moving average of $185.97. Alpha Metallurgical Resources, Inc. has a 52 week low of $97.41 and a 52 week high of $253.82. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.53 and a current ratio of 4.47. The company has a market cap of $2.67 billion, a PE ratio of -44.11 and a beta of 0.73.

Alpha Metallurgical Resources (NYSE:AMR) last posted its quarterly earnings data on Friday, February 27th. The energy company reported ($1.34) earnings per share for the quarter, hitting the consensus estimate of ($1.34). Alpha Metallurgical Resources had a negative net margin of 2.90% and a negative return on equity of 3.88%. The firm had revenue of $436.33 million for the quarter, compared to analysts’ expectations of $538.45 million. During the same period in the previous year, the company posted ($0.16) EPS. The company’s quarterly revenue was down 15.7% compared to the same quarter last year. As a group, research analysts expect that Alpha Metallurgical Resources, Inc. will post 14.31 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Jefferies Financial Group reaffirmed a “hold” rating and set a $185.00 target price on shares of Alpha Metallurgical Resources in a report on Monday, March 2nd. Zacks Research downgraded shares of Alpha Metallurgical Resources from a “hold” rating to a “strong sell” rating in a report on Thursday, February 5th. Weiss Ratings restated a “sell (d)” rating on shares of Alpha Metallurgical Resources in a research report on Friday, March 27th. Benchmark reaffirmed a “hold” rating on shares of Alpha Metallurgical Resources in a research note on Monday, March 2nd. Finally, Texas Capital downgraded shares of Alpha Metallurgical Resources from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 29th. Four investment analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, Alpha Metallurgical Resources currently has a consensus rating of “Reduce” and an average price target of $196.00.

Insider Transactions at Alpha Metallurgical Resources

In related news, insider Daniel E. Horn sold 971 shares of the stock in a transaction dated Thursday, March 5th. The stock was sold at an average price of $170.05, for a total value of $165,118.55. Following the completion of the sale, the insider directly owned 7,320 shares of the company’s stock, valued at approximately $1,244,766. This represents a 11.71% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Joshua Todd Munsey sold 2,523 shares of the firm’s stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $183.24, for a total value of $462,314.52. Following the sale, the chief financial officer owned 4,735 shares of the company’s stock, valued at $867,641.40. The trade was a 34.76% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders acquired a total of 58,000 shares of company stock valued at $10,530,610 over the last quarter. Company insiders own 16.00% of the company’s stock.

Alpha Metallurgical Resources 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.