Alpha Metallurgical Resources, Inc. $AMR Shares Sold by Bayforest Capital Ltd

Bayforest Capital Ltd decreased its position in shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR) by 71.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,908 shares of the energy company’s stock after selling 7,400 shares during the period. Bayforest Capital Ltd’s holdings in Alpha Metallurgical Resources were worth $327,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in AMR. Yousif Capital Management LLC increased its position in Alpha Metallurgical Resources by 6.6% during the first quarter. Yousif Capital Management LLC now owns 4,303 shares of the energy company’s stock worth $539,000 after buying an additional 265 shares during the period. SG Americas Securities LLC increased its holdings in shares of Alpha Metallurgical Resources by 204.5% in the first quarter. SG Americas Securities LLC now owns 8,376 shares of the energy company’s stock valued at $1,049,000 after purchasing an additional 5,625 shares during the period. Exchange Traded Concepts LLC increased its holdings in shares of Alpha Metallurgical Resources by 10.1% in the first quarter. Exchange Traded Concepts LLC now owns 9,883 shares of the energy company’s stock valued at $1,238,000 after purchasing an additional 909 shares during the period. Hi Line Capital Management LLC increased its holdings in shares of Alpha Metallurgical Resources by 2.1% in the first quarter. Hi Line Capital Management LLC now owns 11,551 shares of the energy company’s stock valued at $1,447,000 after purchasing an additional 242 shares during the period. Finally, Mutual Advisors LLC acquired a new position in shares of Alpha Metallurgical Resources in the first quarter valued at approximately $603,000. Institutional investors and hedge funds own 84.29% of the company’s stock.

Alpha Metallurgical Resources Stock Performance

AMR opened at $153.55 on Thursday. The business’s fifty day moving average is $153.93 and its two-hundred day moving average is $130.54. The company has a market cap of $2.00 billion, a price-to-earnings ratio of -53.88 and a beta of 0.94. Alpha Metallurgical Resources, Inc. has a one year low of $97.41 and a one year high of $255.04.

Alpha Metallurgical Resources (NYSE:AMR) last issued its quarterly earnings data on Friday, August 8th. The energy company reported ($0.38) earnings per share (EPS) for the quarter, beating the consensus estimate of ($2.38) by $2.00. Alpha Metallurgical Resources had a negative return on equity of 2.28% and a negative net margin of 1.57%.The business had revenue of $550.27 million for the quarter, compared to the consensus estimate of $552.15 million. During the same period in the prior year, the business earned $4.49 earnings per share. The business’s revenue was down 31.6% on a year-over-year basis. On average, analysts predict that Alpha Metallurgical Resources, Inc. will post 14.31 EPS for the current fiscal year.

Insider Activity

In other news, CFO Joshua Todd Munsey sold 2,135 shares of the company’s stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $157.00, for a total value of $335,195.00. Following the sale, the chief financial officer directly owned 4,466 shares in the company, valued at $701,162. This represents a 32.34% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Kenneth S. Courtis acquired 53,000 shares of Alpha Metallurgical Resources stock in a transaction dated Monday, September 15th. The stock was bought at an average price of $154.68 per share, for a total transaction of $8,198,040.00. Following the completion of the transaction, the director directly owned 734,537 shares of the company’s stock, valued at approximately $113,618,183.16. This represents a 7.78% increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 16.00% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on AMR shares. B. Riley dropped their target price on Alpha Metallurgical Resources from $173.00 to $171.00 and set a “buy” rating on the stock in a report on Tuesday, August 5th. Jefferies Financial Group upped their price objective on Alpha Metallurgical Resources from $110.00 to $150.00 and gave the stock a “hold” rating in a report on Monday, August 11th. Wall Street Zen raised Alpha Metallurgical Resources from a “sell” rating to a “hold” rating in a report on Saturday, August 16th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Alpha Metallurgical Resources in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $160.50.

Alpha Metallurgical Resources Company 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.