Measured Wealth Private Client Group LLC Increases Holdings in Alpha Metallurgical Resources, Inc. (NYSE:AMR)

Measured Wealth Private Client Group LLC grew its position in shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR) by 5.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 819 shares of the energy company’s stock after acquiring an additional 39 shares during the period. Measured Wealth Private Client Group LLC’s holdings in Alpha Metallurgical Resources were worth $271,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. Stratos Wealth Advisors LLC boosted its position in shares of Alpha Metallurgical Resources by 0.5% during the fourth quarter. Stratos Wealth Advisors LLC now owns 6,631 shares of the energy company’s stock valued at $2,247,000 after purchasing an additional 31 shares in the last quarter. SummerHaven Investment Management LLC grew its holdings in Alpha Metallurgical Resources by 0.7% in the fourth quarter. SummerHaven Investment Management LLC now owns 4,802 shares of the energy company’s stock worth $1,627,000 after purchasing an additional 35 shares during the period. American International Group Inc. increased its stake in shares of Alpha Metallurgical Resources by 1.1% during the fourth quarter. American International Group Inc. now owns 6,300 shares of the energy company’s stock valued at $2,135,000 after purchasing an additional 67 shares in the last quarter. GAMMA Investing LLC purchased a new position in shares of Alpha Metallurgical Resources during the fourth quarter valued at approximately $33,000. Finally, Wetzel Investment Advisors Inc. purchased a new stake in shares of Alpha Metallurgical Resources in the 4th quarter worth approximately $34,000. 84.29% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

Alpha Metallurgical Resources Price Performance

Shares of AMR opened at $326.25 on Wednesday. The firm has a market capitalization of $4.24 billion, a P/E ratio of 7.90 and a beta of 1.36. Alpha Metallurgical Resources, Inc. has a one year low of $151.24 and a one year high of $452.00. The business has a fifty day moving average of $304.71 and a 200 day moving average of $337.74.

Alpha Metallurgical Resources (NYSE:AMR) last issued its quarterly earnings data 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). Alpha Metallurgical Resources had a return on equity of 36.77% and a net margin of 16.89%. The business had revenue of $864.07 million during the quarter, compared to the consensus estimate of $845.35 million. During the same quarter last year, the company earned $17.01 EPS. Alpha Metallurgical Resources’s revenue for the quarter was down 5.2% on a year-over-year basis. Analysts expect that Alpha Metallurgical Resources, Inc. will post 28.91 EPS for the current fiscal year.

Insider Transactions at Alpha Metallurgical Resources

In related news, CAO Roger Lee Nicholson sold 3,593 shares of the firm’s stock in a transaction on Tuesday, May 14th. The shares were sold at an average price of $290.16, for a total transaction of $1,042,544.88. Following the completion of the transaction, the chief accounting officer now directly owns 6,127 shares of the company’s stock, valued at $1,777,810.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 16.40% of the stock is currently owned by company insiders.

About Alpha Metallurgical Resources

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.