Alpha Metallurgical Resources, Inc. $AMR Stock Holdings Raised by Dalal Street LLC

Dalal Street LLC lifted its position in Alpha Metallurgical Resources, Inc. (NYSE:AMR) by 2.1% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 543,000 shares of the energy company’s stock after purchasing an additional 11,000 shares during the period. Alpha Metallurgical Resources comprises approximately 27.0% of Dalal Street LLC’s holdings, making the stock its 3rd biggest holding. Dalal Street LLC’s holdings in Alpha Metallurgical Resources were worth $108,535,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. DRW Securities LLC purchased a new stake in shares of Alpha Metallurgical Resources in the fourth quarter worth about $1,855,000. Sprott Inc. purchased a new stake in shares of Alpha Metallurgical Resources in the fourth quarter worth about $381,000. Dimensional Fund Advisors LP lifted its holdings in shares of Alpha Metallurgical Resources by 2.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 683,572 shares of the energy company’s stock worth $136,636,000 after buying an additional 15,348 shares in the last quarter. Swiss National Bank lifted its holdings in shares of Alpha Metallurgical Resources by 1.9% in the fourth quarter. Swiss National Bank now owns 21,900 shares of the energy company’s stock worth $4,377,000 after buying an additional 400 shares in the last quarter. Finally, Empowered Funds LLC lifted its holdings in shares of Alpha Metallurgical Resources by 47.3% in the fourth quarter. Empowered Funds LLC now owns 20,822 shares of the energy company’s stock worth $4,162,000 after buying an additional 6,684 shares in the last quarter. 84.29% of the stock is owned by hedge funds and other institutional investors.

Alpha Metallurgical Resources Stock Up 6.4%

Shares of NYSE AMR opened at $201.25 on Friday. Alpha Metallurgical Resources, Inc. has a one year low of $97.41 and a one year high of $253.82. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.67 and a quick ratio of 2.81. The firm’s 50 day simple moving average is $194.36 and its two-hundred day simple moving average is $196.51. The stock has a market capitalization of $2.56 billion, a P/E ratio of -67.08 and a beta of 0.62.

Alpha Metallurgical Resources (NYSE:AMR) last issued its quarterly earnings results on Friday, May 8th. The energy company reported ($0.86) EPS for the quarter, meeting analysts’ consensus estimates of ($0.86). Alpha Metallurgical Resources had a negative net margin of 1.83% and a negative return on equity of 2.47%. The business had revenue of $447.32 million for the quarter, compared to analysts’ expectations of $535.15 million. During the same period last year, the business earned ($2.60) earnings per share. The business’s quarterly revenue was down 1.3% on a year-over-year basis. As a group, analysts expect that Alpha Metallurgical Resources, Inc. will post 11.98 EPS for the current fiscal year.

Insider Buying and Selling at Alpha Metallurgical Resources

In other news, COO Jason E. Whitehead sold 3,901 shares of the firm’s stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $212.28, for a total value of $828,104.28. Following the transaction, the chief operating officer owned 10,450 shares in the company, valued at approximately $2,218,326. This trade represents a 27.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Kenneth S. Courtis bought 15,000 shares of the business’s stock in a transaction dated Tuesday, May 12th. The stock was purchased at an average price of $189.22 per share, for a total transaction of $2,838,300.00. Following the acquisition, the director directly owned 975,394 shares of the company’s stock, valued at approximately $184,564,052.68. The trade was a 1.56% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 18.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on AMR. Benchmark restated a “hold” rating on shares of Alpha Metallurgical Resources in a research report on Monday, March 2nd. Atlantic Securities set a $194.00 price objective on shares of Alpha Metallurgical Resources in a research report on Thursday, April 30th. Weiss Ratings restated a “sell (d)” rating on shares of Alpha Metallurgical Resources in a research report on Friday, March 27th. B. Riley Financial upped their price objective on shares of Alpha Metallurgical Resources from $203.00 to $207.00 and gave the stock a “neutral” rating in a research report on Thursday, March 5th. Finally, Zacks Research cut shares of Alpha Metallurgical Resources from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 5th. Four research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Reduce” and a consensus price target of $195.33.

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.