Teachers Retirement System of The State of Kentucky Takes Position in Alpha Metallurgical Resources, Inc. (NYSE:AMR)

Teachers Retirement System of The State of Kentucky acquired a new position in shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 3,100 shares of the energy company’s stock, valued at approximately $1,051,000.

Several other large investors have also bought and sold shares of AMR. Principal Financial Group Inc. boosted its stake in shares of Alpha Metallurgical Resources by 523.6% in the 4th quarter. Principal Financial Group Inc. now owns 75,966 shares of the energy company’s stock valued at $25,746,000 after purchasing an additional 63,784 shares in the last quarter. State of Alaska Department of Revenue bought a new stake in shares of Alpha Metallurgical Resources during the fourth quarter worth $2,465,000. Amalgamated Bank increased its holdings in shares of Alpha Metallurgical Resources by 244.0% during the fourth quarter. Amalgamated Bank now owns 4,493 shares of the energy company’s stock worth $1,523,000 after buying an additional 3,187 shares in the last quarter. Illinois Municipal Retirement Fund bought a new position in shares of Alpha Metallurgical Resources in the 4th quarter valued at $2,302,000. Finally, Invesco Ltd. boosted its holdings in shares of Alpha Metallurgical Resources by 180.9% during the 3rd quarter. Invesco Ltd. now owns 115,816 shares of the energy company’s stock valued at $30,081,000 after acquiring an additional 74,583 shares in the last quarter. 84.29% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

AMR has been the subject of a number of recent research reports. Benchmark reaffirmed a “hold” rating on shares of Alpha Metallurgical Resources in a report on Tuesday, May 7th. B. Riley raised their price objective on shares of Alpha Metallurgical Resources from $374.00 to $375.00 and gave the company a “buy” rating in a report on Tuesday, May 7th.

Alpha Metallurgical Resources Stock Down 2.3 %

NYSE AMR opened at $286.49 on Monday. The company has a market capitalization of $3.73 billion, a price-to-earnings ratio of 6.94 and a beta of 1.33. Alpha Metallurgical Resources, Inc. has a twelve month low of $151.24 and a twelve month high of $452.00. The stock has a fifty day simple moving average of $310.42 and a 200 day simple moving average of $337.94.

Alpha Metallurgical Resources (NYSE:AMR) last issued its quarterly earnings results on Monday, May 6th. The energy company reported $9.59 earnings per share for the quarter, missing the consensus estimate of $9.61 by ($0.02). The company had revenue of $864.07 million during the quarter, compared to analyst estimates of $845.35 million. Alpha Metallurgical Resources had a net margin of 16.89% and a return on equity of 36.77%. The company’s quarterly revenue was down 5.2% on a year-over-year basis. During the same period in the previous year, the company posted $17.01 EPS. Research analysts expect that Alpha Metallurgical Resources, Inc. will post 28.91 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CAO Roger Lee Nicholson sold 3,593 shares of the company’s stock in a transaction on Tuesday, May 14th. The shares were sold at an average price of $290.16, for a total value of $1,042,544.88. Following the sale, the chief accounting officer now directly owns 6,127 shares of the company’s stock, valued at approximately $1,777,810.32. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Company 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.