New York State Common Retirement Fund Grows Stock Position in Alpha Metallurgical Resources, Inc. (NYSE:AMR)

New York State Common Retirement Fund grew its position in Alpha Metallurgical Resources, Inc. (NYSE:AMR) by 4.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 11,972 shares of the energy company’s stock after acquiring an additional 500 shares during the quarter. New York State Common Retirement Fund owned about 0.09% of Alpha Metallurgical Resources worth $2,396,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Mraz Amerine & Associates Inc. lifted its position in Alpha Metallurgical Resources by 7.0% during the fourth quarter. Mraz Amerine & Associates Inc. now owns 9,315 shares of the energy company’s stock worth $1,864,000 after buying an additional 610 shares in the last quarter. Principal Financial Group Inc. lifted its position in Alpha Metallurgical Resources by 3.0% during the fourth quarter. Principal Financial Group Inc. now owns 53,358 shares of the energy company’s stock worth $10,678,000 after buying an additional 1,561 shares in the last quarter. Rhumbline Advisers lifted its position in Alpha Metallurgical Resources by 1.1% during the fourth quarter. Rhumbline Advisers now owns 30,302 shares of the energy company’s stock worth $6,064,000 after buying an additional 328 shares in the last quarter. Arcus Capital Partners LLC purchased a new position in Alpha Metallurgical Resources during the fourth quarter worth approximately $130,000. Finally, Empowered Funds LLC lifted its position in Alpha Metallurgical Resources by 69.7% during the fourth quarter. Empowered Funds LLC now owns 12,139 shares of the energy company’s stock worth $2,429,000 after buying an additional 4,985 shares in the last quarter. Hedge funds and other institutional investors own 84.29% of the company’s stock.

Insiders Place Their Bets

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

Alpha Metallurgical Resources Stock Down 7.7 %

AMR stock opened at $137.18 on Friday. The business has a fifty day moving average of $183.33 and a two-hundred day moving average of $210.14. The stock has a market cap of $1.79 billion, a price-to-earnings ratio of 5.03 and a beta of 1.43. Alpha Metallurgical Resources, Inc. has a 52-week low of $131.57 and a 52-week high of $397.00.

Alpha Metallurgical Resources (NYSE:AMR) last posted its earnings results on Friday, February 28th. The energy company reported ($0.16) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.09). The business had revenue of $617.30 million for the quarter, compared to analyst estimates of $658.20 million. Alpha Metallurgical Resources had a return on equity of 22.65% and a net margin of 11.08%. Alpha Metallurgical Resources’s revenue was down 35.7% compared to the same quarter last year. During the same period last year, the business earned $12.88 EPS. As a group, sell-side analysts anticipate that Alpha Metallurgical Resources, Inc. will post 14.31 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, Benchmark reiterated a “hold” rating on shares of Alpha Metallurgical Resources in a research report on Monday, November 4th.

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.