State Board of Administration of Florida Retirement System Acquires Shares of 4,920 Alpha Metallurgical Resources, Inc. (NYSE:AMR)

State Board of Administration of Florida Retirement System acquired a new stake in Alpha Metallurgical Resources, Inc. (NYSE:AMRGet Rating) in the 2nd quarter, Holdings Channel reports. The institutional investor acquired 4,920 shares of the energy company’s stock, valued at approximately $635,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Captrust Financial Advisors grew its position in shares of Alpha Metallurgical Resources by 344.0% during the 1st quarter. Captrust Financial Advisors now owns 222 shares of the energy company’s stock worth $29,000 after buying an additional 172 shares during the period. Financial Management Professionals Inc. acquired a new stake in shares of Alpha Metallurgical Resources during the 2nd quarter worth approximately $32,000. Triasima Portfolio Management inc. acquired a new stake in shares of Alpha Metallurgical Resources during the 2nd quarter worth approximately $47,000. Nisa Investment Advisors LLC acquired a new stake in shares of Alpha Metallurgical Resources during the 2nd quarter worth approximately $59,000. Finally, DekaBank Deutsche Girozentrale acquired a new stake in shares of Alpha Metallurgical Resources during the 2nd quarter worth approximately $76,000. Institutional investors and hedge funds own 74.69% of the company’s stock.

Alpha Metallurgical Resources Stock Performance

Shares of NYSE AMR opened at $159.94 on Friday. The stock has a market cap of $2.55 billion, a P/E ratio of 2.05 and a beta of 1.29. The firm has a 50 day moving average price of $151.28 and a 200 day moving average price of $149.21. Alpha Metallurgical Resources, Inc. has a 52-week low of $43.00 and a 52-week high of $186.98.

Alpha Metallurgical Resources (NYSE:AMRGet Rating) last issued its quarterly earnings data on Monday, November 7th. The energy company reported $14.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $16.79 by ($2.58). The firm had revenue of $869.77 million for the quarter, compared to analyst estimates of $880.00 million. Alpha Metallurgical Resources had a net margin of 36.17% and a return on equity of 142.30%. Analysts predict that Alpha Metallurgical Resources, Inc. will post 78.49 earnings per share for the current fiscal year.

Alpha Metallurgical Resources Increases Dividend

The business also recently declared a None dividend, which will be paid on Tuesday, January 3rd. Shareholders of record on Thursday, December 15th will be paid a $5.418 dividend. The ex-dividend date is Wednesday, December 14th. This represents a yield of 14%. This is a positive change from Alpha Metallurgical Resources’s previous None dividend of $0.39. Alpha Metallurgical Resources’s payout ratio is presently 2.01%.

Insider Buying and Selling at Alpha Metallurgical Resources

In other Alpha Metallurgical Resources news, CEO David J. Stetson sold 15,000 shares of Alpha Metallurgical Resources stock in a transaction that occurred on Wednesday, August 24th. The shares were sold at an average price of $166.68, for a total value of $2,500,200.00. Following the transaction, the chief executive officer now owns 75,739 shares of the company’s stock, valued at $12,624,176.52. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 5.70% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently commented on AMR. Cowen lowered their price target on shares of Alpha Metallurgical Resources from $225.00 to $215.00 in a research report on Tuesday, November 8th. Cowen lowered their price target on shares of Alpha Metallurgical Resources to $215.00 in a research report on Tuesday. Finally, B. Riley boosted their price objective on shares of Alpha Metallurgical Resources from $189.00 to $195.00 in a report on Tuesday, November 8th.

About Alpha Metallurgical Resources

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Alpha Metallurgical Resources, Inc, a mining company, produces, processes, and sells met and thermal coal in Virginia and West Virginia. As of December 31, 2021, it operated twenty active mines and eight 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.

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Institutional Ownership by Quarter for Alpha Metallurgical Resources (NYSE:AMR)

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