Measured Wealth Private Client Group LLC Makes New Investment in Alpha Metallurgical Resources, Inc. (NYSE:AMR)

Measured Wealth Private Client Group LLC purchased a new position in shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 780 shares of the energy company’s stock, valued at approximately $264,000.

Several other institutional investors have also modified their holdings of the business. Fuller & Thaler Asset Management Inc. bought a new position in shares of Alpha Metallurgical Resources in the third quarter valued at $128,857,000. Pacer Advisors Inc. acquired a new position in shares of Alpha Metallurgical Resources during the 4th quarter worth about $139,291,000. J.P. Morgan Private Wealth Advisors LLC bought a new stake in shares of Alpha Metallurgical Resources in the 3rd quarter valued at about $28,239,000. Dalal Street LLC lifted its stake in Alpha Metallurgical Resources by 21.7% in the 3rd quarter. Dalal Street LLC now owns 441,510 shares of the energy company’s stock valued at $114,673,000 after purchasing an additional 78,861 shares during the last quarter. Finally, Invesco Ltd. lifted its stake in Alpha Metallurgical Resources by 180.9% in the 3rd quarter. Invesco Ltd. now owns 115,816 shares of the energy company’s stock valued at $30,081,000 after purchasing an additional 74,583 shares during the last quarter. Institutional investors own 84.29% of the company’s stock.

Analyst Ratings Changes

Separately, B. Riley lowered their price target on Alpha Metallurgical Resources from $381.00 to $374.00 and set a “buy” rating on the stock in a research report on Monday, April 15th.

Alpha Metallurgical Resources Price Performance

Alpha Metallurgical Resources stock traded up $9.28 during mid-day trading on Friday, hitting $332.77. 189,662 shares of the company’s stock traded hands, compared to its average volume of 189,061. The firm has a 50 day simple moving average of $337.63 and a two-hundred day simple moving average of $323.64. Alpha Metallurgical Resources, Inc. has a fifty-two week low of $132.72 and a fifty-two week high of $452.00. The stock has a market cap of $4.33 billion, a price-to-earnings ratio of 6.83 and a beta of 1.38.

Alpha Metallurgical Resources (NYSE:AMR) last issued its quarterly earnings data on Monday, February 26th. The energy company reported $12.88 earnings per share for the quarter, beating the consensus estimate of $8.78 by $4.10. Alpha Metallurgical Resources had a net margin of 20.80% and a return on equity of 46.22%. The company had revenue of $959.90 million for the quarter, compared to analyst estimates of $796.65 million. During the same period in the prior year, the firm earned $13.37 earnings per share. The company’s revenue was up 16.6% on a year-over-year basis. On average, research analysts anticipate that Alpha Metallurgical Resources, Inc. will post 29.82 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Daniel E. Horn sold 100 shares of the company’s stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $360.29, for a total value of $36,029.00. Following the transaction, the insider now owns 6,462 shares of the company’s stock, valued at $2,328,193.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Daniel E. Horn sold 100 shares of the firm’s stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $360.29, for a total transaction of $36,029.00. Following the transaction, the insider now directly owns 6,462 shares of the company’s stock, valued at $2,328,193.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director David J. Stetson sold 30,694 shares of the stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $392.30, for a total value of $12,041,256.20. Following the sale, the director now directly owns 26,054 shares in the company, valued at $10,220,984.20. The disclosure for this sale can be found here. Insiders sold 153,971 shares of company stock worth $55,479,986 over the last three months. 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.