GAMMA Investing LLC Purchases 175 Shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR)

GAMMA Investing LLC grew its stake in Alpha Metallurgical Resources, Inc. (NYSE:AMR) by 127.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 312 shares of the energy company’s stock after acquiring an additional 175 shares during the period. GAMMA Investing LLC’s holdings in Alpha Metallurgical Resources were worth $62,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in AMR. Barclays PLC raised its stake in Alpha Metallurgical Resources by 309.2% in the third quarter. Barclays PLC now owns 18,646 shares of the energy company’s stock valued at $4,402,000 after buying an additional 14,089 shares during the period. Stratos Wealth Advisors LLC raised its position in shares of 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 purchasing an additional 3,305 shares during the period. Victory Capital Management Inc. lifted its stake in shares of 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 worth $3,647,000 after buying an additional 2,823 shares during the last quarter. Impala Asset Management LLC bought a new stake in shares of Alpha Metallurgical Resources during the 3rd quarter worth about $1,181,000. Finally, HighTower Advisors LLC acquired a new position in Alpha Metallurgical Resources in the 3rd quarter valued at about $640,000. Institutional investors and hedge funds own 84.29% of the company’s stock.

Analysts Set New Price Targets

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

Alpha Metallurgical Resources Stock Down 5.8 %

AMR stock opened at $176.64 on Monday. The business has a 50-day simple moving average of $222.39 and a 200 day simple moving average of $237.84. The company has a market cap of $2.30 billion, a PE ratio of 6.48 and a beta of 1.48. Alpha Metallurgical Resources, Inc. has a 52 week low of $176.01 and a 52 week high of $452.00.

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

Insider Buying and Selling

In other news, Director Kenneth S. Courtis sold 10,621 shares of the stock in a transaction dated 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 completion of the sale, the director now owns 603,342 shares of the company’s stock, valued at approximately $138,002,415.66. This represents a 1.73 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 15.00% of the stock is currently owned by corporate insiders.

Alpha Metallurgical Resources Company 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.