UBS Group AG Sells 24,251 Shares of Alpha Metallurgical Resources, Inc. $AMR

UBS Group AG lessened its stake in shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR) by 42.9% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 32,305 shares of the energy company’s stock after selling 24,251 shares during the period. UBS Group AG’s holdings in Alpha Metallurgical Resources were worth $6,457,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Allianz Asset Management GmbH lifted its position in shares of Alpha Metallurgical Resources by 83.2% during the 3rd quarter. Allianz Asset Management GmbH now owns 20,719 shares of the energy company’s stock worth $3,400,000 after buying an additional 9,412 shares during the period. JPMorgan Chase & Co. lifted its position in shares of Alpha Metallurgical Resources by 21.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 91,732 shares of the energy company’s stock worth $15,052,000 after buying an additional 16,295 shares during the period. Investment House LLC lifted its position in shares of Alpha Metallurgical Resources by 112.4% during the 3rd quarter. Investment House LLC now owns 12,341 shares of the energy company’s stock worth $2,025,000 after buying an additional 6,531 shares during the period. Systrade AG bought a new position in shares of Alpha Metallurgical Resources during the 4th quarter worth approximately $55,966,000. Finally, Contrarius Group Holdings Ltd bought a new position in shares of Alpha Metallurgical Resources during the 3rd quarter worth approximately $12,146,000. Institutional investors own 84.29% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Atlantic Securities set a $194.00 target price on Alpha Metallurgical Resources in a research report on Thursday, April 30th. Weiss Ratings reissued a “sell (d)” rating on shares of Alpha Metallurgical Resources in a research note on Friday, March 27th. Benchmark reissued a “hold” rating on shares of Alpha Metallurgical Resources in a research note on Monday, March 2nd. Jefferies Financial Group reissued a “hold” rating and issued a $185.00 price objective on shares of Alpha Metallurgical Resources in a research note on Monday, March 2nd. Finally, B. Riley Financial boosted their price objective on Alpha Metallurgical Resources from $203.00 to $207.00 and gave the stock a “neutral” rating in a research note on Thursday, March 5th. Four investment analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Reduce” and an average price target of $195.33.

Insiders Place Their Bets

In other news, CFO Joshua Todd Munsey sold 2,523 shares of the business’s stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $183.24, for a total transaction of $462,314.52. Following the completion of the sale, the chief financial officer owned 4,735 shares in the company, valued at $867,641.40. The trade was a 34.76% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Kenneth S. Courtis bought 25,000 shares of the company’s stock in a transaction dated Monday, March 9th. The shares were purchased at an average price of $176.23 per share, with a total value of $4,405,750.00. Following the transaction, the director owned 841,537 shares of the company’s stock, valued at $148,304,065.51. The trade was a 3.06% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last three months, insiders purchased 73,000 shares of company stock valued at $13,368,910. Insiders own 18.20% of the company’s stock.

Alpha Metallurgical Resources Trading Down 3.2%

Shares of NYSE AMR opened at $176.52 on Wednesday. Alpha Metallurgical Resources, Inc. has a 1-year low of $97.41 and a 1-year high of $253.82. The company has a market cap of $2.25 billion, a PE ratio of -58.84 and a beta of 0.60. 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 has a 50-day moving average of $195.01 and a two-hundred day moving average of $192.71.

Alpha Metallurgical Resources (NYSE:AMR) last announced its earnings results on Friday, May 8th. The energy company reported ($0.86) earnings per share for the quarter, hitting 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 company had revenue of $447.32 million during the quarter, compared to the consensus estimate of $535.15 million. During the same period in the previous year, the firm posted ($2.60) earnings per share. The company’s revenue was down 1.3% on a year-over-year basis. As a group, equities analysts expect that Alpha Metallurgical Resources, Inc. will post 11.98 earnings per share for the current fiscal 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.