Arizona State Retirement System Sells 531 Shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR)

Arizona State Retirement System lowered its stake in Alpha Metallurgical Resources, Inc. (NYSE:AMR) by 14.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,179 shares of the energy company’s stock after selling 531 shares during the quarter. Arizona State Retirement System’s holdings in Alpha Metallurgical Resources were worth $1,077,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. State of Alaska Department of Revenue bought a new position in Alpha Metallurgical Resources in the 4th quarter worth about $2,465,000. Raymond James & Associates boosted its position in shares of Alpha Metallurgical Resources by 203.8% during the 3rd quarter. Raymond James & Associates now owns 9,546 shares of the energy company’s stock valued at $2,479,000 after acquiring an additional 6,404 shares during the last quarter. Invesco Ltd. boosted its position in shares of Alpha Metallurgical Resources by 180.9% during the 3rd quarter. Invesco Ltd. now owns 115,816 shares of the energy company’s stock valued at $30,081,000 after acquiring an additional 74,583 shares during the last quarter. J.P. Morgan Private Wealth Advisors LLC bought a new stake in shares of Alpha Metallurgical Resources during the 3rd quarter valued at about $28,239,000. Finally, Dalal Street LLC boosted its position in shares of Alpha Metallurgical Resources by 21.7% during the 3rd quarter. Dalal Street LLC now owns 441,510 shares of the energy company’s stock valued at $114,673,000 after acquiring an additional 78,861 shares during the last quarter. Institutional investors own 84.29% of the company’s stock.

Alpha Metallurgical Resources Trading Down 0.8 %

Shares of AMR opened at $325.24 on Tuesday. The company has a market cap of $4.23 billion, a PE ratio of 6.68 and a beta of 1.35. The stock has a 50-day moving average price of $349.14 and a 200-day moving average price of $315.23. Alpha Metallurgical Resources, Inc. has a 12-month low of $132.72 and a 12-month high of $452.00.

Alpha Metallurgical Resources (NYSE:AMR) last released its earnings results on Monday, February 26th. The energy company reported $12.88 earnings per share for the quarter, topping analysts’ consensus estimates of $8.78 by $4.10. The company had revenue of $959.90 million during the quarter, compared to the consensus estimate of $796.65 million. Alpha Metallurgical Resources had a return on equity of 46.22% and a net margin of 20.80%. Alpha Metallurgical Resources’s quarterly revenue was up 16.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $13.37 EPS. As a group, analysts predict that Alpha Metallurgical Resources, Inc. will post 37.3 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, B. Riley dropped their price target on Alpha Metallurgical Resources from $381.00 to $374.00 and set a “buy” rating for the company in a research report on Monday.

Insider Buying and Selling

In related news, Director Kenneth S. Courtis sold 22,802 shares of the business’s stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $302.81, for a total value of $6,904,673.62. Following the completion of the sale, the director now owns 638,234 shares in the company, valued at approximately $193,263,637.54. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Alpha Metallurgical Resources news, insider Daniel E. Horn sold 100 shares of Alpha Metallurgical Resources stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $360.29, for a total value of $36,029.00. Following the transaction, the insider now directly owns 6,462 shares of the company’s stock, valued at approximately $2,328,193.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Kenneth S. Courtis sold 22,802 shares of Alpha Metallurgical Resources stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $302.81, for a total value of $6,904,673.62. Following the completion of the transaction, the director now directly owns 638,234 shares in the company, valued at $193,263,637.54. The disclosure for this sale can be found here. Insiders sold 153,971 shares of company stock worth $55,479,986 in the last quarter. 15.00% of the stock is owned by insiders.

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.