HighTower Advisors LLC Makes New $640,000 Investment in Alpha Metallurgical Resources, Inc. (NYSE:AMR)

HighTower Advisors LLC acquired a new stake in Alpha Metallurgical Resources, Inc. (NYSE:AMR) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,745 shares of the energy company’s stock, valued at approximately $640,000.

Other institutional investors have also recently modified their holdings of the company. Stratos Wealth Advisors LLC boosted its position in Alpha Metallurgical Resources by 50.3% in the third quarter. Stratos Wealth Advisors LLC now owns 9,878 shares of the energy company’s stock valued at $2,333,000 after buying an additional 3,305 shares during the last quarter. Victory Capital Management Inc. lifted its stake in Alpha Metallurgical Resources by 22.4% during the 3rd quarter. Victory Capital Management Inc. now owns 15,441 shares of the energy company’s stock valued at $3,647,000 after acquiring an additional 2,823 shares during the period. Old West Investment Management LLC boosted its holdings in shares of Alpha Metallurgical Resources by 177.2% in the 3rd quarter. Old West Investment Management LLC now owns 6,446 shares of the energy company’s stock valued at $1,522,000 after acquiring an additional 4,121 shares during the last quarter. Jade Capital Advisors LLC increased its stake in shares of Alpha Metallurgical Resources by 180.0% in the third quarter. Jade Capital Advisors LLC now owns 7,000 shares of the energy company’s stock worth $1,653,000 after acquiring an additional 4,500 shares during the period. Finally, Edgestream Partners L.P. raised its holdings in shares of Alpha Metallurgical Resources by 743.8% during the second quarter. Edgestream Partners L.P. now owns 17,247 shares of the energy company’s stock worth $4,838,000 after purchasing an additional 15,203 shares during the last quarter. 84.29% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Alpha Metallurgical Resources

In other Alpha Metallurgical Resources news, Director Kenneth S. Courtis sold 10,621 shares of the firm’s stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $228.73, for a total value of $2,429,341.33. Following the sale, the director now directly owns 603,342 shares of the company’s stock, valued at approximately $138,002,415.66. This trade represents a 1.73 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 15.00% of the stock is owned by company insiders.

Analyst Ratings Changes

AMR has been the topic of several recent research reports. B. Riley lowered their price target on shares of Alpha Metallurgical Resources from $374.00 to $336.00 and set a “buy” rating on the stock in a report on Friday, September 6th. Benchmark restated a “hold” rating on shares of Alpha Metallurgical Resources in a research note on Monday, November 4th.

Alpha Metallurgical Resources Price Performance

Shares of NYSE AMR opened at $204.83 on Friday. The stock has a market capitalization of $2.67 billion, a price-to-earnings ratio of 7.52 and a beta of 1.46. The firm’s 50 day simple moving average is $227.12 and its 200-day simple moving average is $250.06. Alpha Metallurgical Resources, Inc. has a 12 month low of $185.00 and a 12 month high of $452.00.

Alpha Metallurgical Resources (NYSE:AMR) last released its quarterly earnings results on Friday, November 1st. The energy company reported $0.29 EPS for the quarter, missing the consensus estimate of $1.60 by ($1.31). Alpha Metallurgical Resources had a net margin of 11.08% and a return on equity of 22.65%. The firm had revenue of $671.90 million for the quarter, compared to analyst estimates of $672.95 million. During the same quarter in the prior year, the business posted $6.65 EPS. The firm’s quarterly revenue was down 9.4% compared to the same quarter last year. Analysts anticipate that Alpha Metallurgical Resources, Inc. will post 16.87 earnings per share for the current fiscal year.

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.