Empowered Funds LLC raised its stake in Alpha Metallurgical Resources, Inc. (NYSE:AMR – Free Report) by 79.4% during the 1st quarter, Holdings Channel.com reports. The firm owned 37,347 shares of the energy company’s stock after buying an additional 16,525 shares during the period. Empowered Funds LLC’s holdings in Alpha Metallurgical Resources were worth $7,666,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds have also bought and sold shares of the company. Los Angeles Capital Management LLC bought a new position in shares of Alpha Metallurgical Resources during the fourth quarter worth approximately $29,000. Caitong International Asset Management Co. Ltd increased its holdings in shares of Alpha Metallurgical Resources by 215.4% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 164 shares of the energy company’s stock worth $33,000 after purchasing an additional 112 shares during the period. Leonteq Securities AG bought a new stake in shares of Alpha Metallurgical Resources in the first quarter valued at approximately $37,000. Aster Capital Management DIFC Ltd acquired a new position in Alpha Metallurgical Resources in the 4th quarter valued at $45,000. Finally, Hantz Financial Services Inc. grew its holdings in shares of Alpha Metallurgical Resources by 67.9% during the 4th quarter. Hantz Financial Services Inc. now owns 403 shares of the energy company’s stock worth $81,000 after purchasing an additional 163 shares in the last quarter. Institutional investors and hedge funds own 84.29% of the company’s stock.
Alpha Metallurgical Resources Stock Performance
NYSE AMR opened at $137.01 on Friday. The company has a market capitalization of $1.74 billion, a price-to-earnings ratio of -45.67 and a beta of 0.63. The company has a quick ratio of 2.81, a current ratio of 3.67 and a debt-to-equity ratio of 0.01. Alpha Metallurgical Resources, Inc. has a twelve month low of $113.00 and a twelve month high of $253.82. The stock has a fifty day simple moving average of $170.94 and a 200 day simple moving average of $188.18.
Insider Transactions at Alpha Metallurgical Resources
In other Alpha Metallurgical Resources news, COO Jason E. Whitehead sold 3,901 shares of the stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $212.28, for a total transaction of $828,104.28. Following the completion of the sale, the chief operating officer owned 10,450 shares of the company’s stock, valued at approximately $2,218,326. This represents a 27.18% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Kenneth S. Courtis bought 15,000 shares of the firm’s stock in a transaction on Tuesday, May 12th. The shares were purchased at an average cost of $189.22 per share, with a total value of $2,838,300.00. Following the transaction, the director directly owned 975,394 shares in the company, valued at approximately $184,564,052.68. This trade represents a 1.56% increase in their position. The disclosure for this purchase is available in the SEC filing. 18.20% of the stock is owned by corporate insiders.
Analyst Ratings Changes
Several analysts recently issued reports on the stock. B. Riley Financial reduced their price target on shares of Alpha Metallurgical Resources from $194.00 to $189.00 and set a “neutral” rating on the stock in a research report on Tuesday. UBS Group initiated coverage on shares of Alpha Metallurgical Resources in a research note on Friday, July 10th. They issued a “neutral” rating and a $165.00 price objective for the company. Zacks Research raised Alpha Metallurgical Resources from a “strong sell” rating to a “hold” rating in a report on Wednesday. Weiss Ratings restated a “sell (d)” rating on shares of Alpha Metallurgical Resources in a report on Wednesday, June 24th. Finally, Atlantic Securities set a $194.00 price objective on Alpha Metallurgical Resources in a research note on Thursday, April 30th. Six investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Alpha Metallurgical Resources presently has an average rating of “Reduce” and a consensus target price of $177.00.
Read Our Latest Report on Alpha Metallurgical Resources
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.
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