SG Americas Securities LLC Increases Holdings in Alpha Metallurgical Resources, Inc. (NYSE:AMR)

SG Americas Securities LLC increased its stake in Alpha Metallurgical Resources, Inc. (NYSE:AMR) by 7.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,751 shares of the energy company’s stock after acquiring an additional 187 shares during the period. SG Americas Securities LLC’s holdings in Alpha Metallurgical Resources were worth $551,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in AMR. Pacer Advisors Inc. lifted its holdings in shares of Alpha Metallurgical Resources by 30.2% in the 3rd quarter. Pacer Advisors Inc. now owns 798,584 shares of the energy company’s stock worth $188,610,000 after acquiring an additional 185,376 shares during the last quarter. Barclays PLC raised its position in Alpha Metallurgical Resources by 309.2% in the 3rd quarter. Barclays PLC now owns 18,646 shares of the energy company’s stock worth $4,402,000 after purchasing an additional 14,089 shares during the period. Intech Investment Management LLC bought a new stake in Alpha Metallurgical Resources in the third quarter worth about $3,304,000. Hi Line Capital Management LLC purchased a new position in shares of Alpha Metallurgical Resources during the third quarter valued at approximately $3,060,000. Finally, Wellington Management Group LLP grew its stake in shares of Alpha Metallurgical Resources by 26.5% during the third quarter. Wellington Management Group LLP now owns 48,515 shares of the energy company’s stock valued at $11,458,000 after buying an additional 10,161 shares during the last quarter. 84.29% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, Director Kenneth S. Courtis sold 10,621 shares of the company’s stock in a transaction dated Friday, December 13th. The shares were 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 directly owns 603,342 shares of the company’s stock, valued at $138,002,415.66. This 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 Trading Down 2.0 %

NYSE AMR opened at $183.22 on Friday. The stock has a market cap of $2.39 billion, a PE ratio of 6.72 and a beta of 1.48. Alpha Metallurgical Resources, Inc. has a 12 month low of $173.55 and a 12 month high of $452.00. The company’s 50-day moving average price is $208.44 and its 200-day moving average price is $226.59.

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

Wall Street Analyst Weigh In

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

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.