NWF Advisory Services Inc. reduced its position in Alpha Metallurgical Resources, Inc. (NYSE:AMR – Free Report) by 12.7% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 35,737 shares of the energy company’s stock after selling 5,196 shares during the period. NWF Advisory Services Inc.’s holdings in Alpha Metallurgical Resources were worth $7,143,000 at the end of the most recent reporting period.
A number of other large investors also recently made changes to their positions in the business. Los Angeles Capital Management LLC acquired a new stake in shares of Alpha Metallurgical Resources during the fourth quarter worth $29,000. Caitong International Asset Management Co. Ltd increased its stake in Alpha Metallurgical Resources by 215.4% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 164 shares of the energy company’s stock valued at $33,000 after purchasing an additional 112 shares during the last quarter. Aster Capital Management DIFC Ltd acquired a new position in Alpha Metallurgical Resources in the fourth quarter valued at $45,000. PNC Financial Services Group Inc. increased its stake in Alpha Metallurgical Resources by 85.4% in the third quarter. PNC Financial Services Group Inc. now owns 380 shares of the energy company’s stock valued at $62,000 after purchasing an additional 175 shares during the last quarter. Finally, Hantz Financial Services Inc. lifted its position in Alpha Metallurgical Resources by 67.9% during the fourth quarter. Hantz Financial Services Inc. now owns 403 shares of the energy company’s stock worth $81,000 after buying an additional 163 shares during the period. Hedge funds and other institutional investors own 84.29% of the company’s stock.
Alpha Metallurgical Resources Stock Performance
Shares of NYSE:AMR opened at $186.18 on Friday. The firm has a market capitalization of $2.37 billion, a PE ratio of -62.06 and a beta of 0.62. Alpha Metallurgical Resources, Inc. has a 12 month low of $97.41 and a 12 month 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 business has a 50-day moving average of $192.66 and a two-hundred day moving average of $197.55.
Insider Activity at Alpha Metallurgical Resources
In other Alpha Metallurgical Resources news, Director Kenneth S. Courtis purchased 15,000 shares of Alpha Metallurgical Resources 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 completion of the transaction, the director directly owned 975,394 shares in the company, valued at approximately $184,564,052.68. This represents a 1.56% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Mark Matthew Manno sold 460 shares of the business’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $214.64, for a total transaction of $98,734.40. Following the sale, the executive vice president owned 3,966 shares of the company’s stock, valued at approximately $851,262.24. This represents a 10.39% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 18.20% of the stock is currently owned by insiders.
Wall Street Analyst Weigh In
AMR has been the topic of a number of research analyst reports. Atlantic Securities set a $194.00 price target on Alpha Metallurgical Resources in a research note on Thursday, April 30th. B. Riley Financial increased their price objective on shares of Alpha Metallurgical Resources from $203.00 to $207.00 and gave the stock a “neutral” rating in a report on Thursday, March 5th. Weiss Ratings reissued a “sell (d)” rating on shares of Alpha Metallurgical Resources in a research report on Friday, March 27th. Jefferies Financial Group reaffirmed a “hold” rating and set a $185.00 price target on shares of Alpha Metallurgical Resources in a research report on Monday, March 2nd. Finally, Benchmark reaffirmed a “hold” rating on shares of Alpha Metallurgical Resources in a research note on Monday, March 2nd. Four research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus target price of $195.33.
View Our Latest Report on Alpha Metallurgical Resources
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.
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