Everence Capital Management Inc. Makes New Investment in Alpha Metallurgical Resources, Inc. (NYSE:AMR)

Everence Capital Management Inc. acquired a new position in shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 1,690 shares of the energy company’s stock, valued at approximately $573,000.

Several other large investors have also modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of Alpha Metallurgical Resources by 17.0% during the 3rd quarter. Vanguard Group Inc. now owns 1,492,124 shares of the energy company’s stock worth $204,182,000 after buying an additional 216,652 shares during the period. State Street Corp boosted its holdings in shares of Alpha Metallurgical Resources by 23.4% during the 2nd quarter. State Street Corp now owns 933,025 shares of the energy company’s stock worth $120,755,000 after buying an additional 176,742 shares during the period. Hudson Bay Capital Management LP boosted its holdings in shares of Alpha Metallurgical Resources by 12.1% during the 1st quarter. Hudson Bay Capital Management LP now owns 533,032 shares of the energy company’s stock worth $83,153,000 after buying an additional 57,350 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Alpha Metallurgical Resources by 37.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 516,791 shares of the energy company’s stock worth $80,617,000 after buying an additional 141,472 shares during the period. Finally, Fuller & Thaler Asset Management Inc. bought a new stake in shares of Alpha Metallurgical Resources during the 3rd quarter worth $128,857,000. 84.29% of the stock is owned by institutional investors.

Insider Activity at Alpha Metallurgical Resources

In related news, Director David J. Stetson sold 30,694 shares of the company’s stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $392.30, for a total transaction of $12,041,256.20. Following the completion of the transaction, the director now directly owns 26,054 shares in the company, valued at approximately $10,220,984.20. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, Director Kenneth S. Courtis sold 22,802 shares of the stock in a transaction on Thursday, March 14th. The shares were 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 owns 638,234 shares in the company, valued at approximately $193,263,637.54. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director David J. Stetson sold 30,694 shares of the stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $392.30, for a total transaction of $12,041,256.20. Following the completion of the transaction, the director now owns 26,054 shares of the company’s stock, valued at approximately $10,220,984.20. The disclosure for this sale can be found here. Insiders sold a total of 153,971 shares of company stock worth $55,479,986 in the last ninety days. 15.00% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

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

Alpha Metallurgical Resources Price Performance

NYSE:AMR opened at $342.25 on Thursday. The stock has a market cap of $4.45 billion, a P/E ratio of 7.03 and a beta of 1.35. Alpha Metallurgical Resources, Inc. has a one year low of $132.72 and a one year high of $452.00. The company has a fifty day moving average price of $348.56 and a 200 day moving average price of $316.05.

Alpha Metallurgical Resources (NYSE:AMR) last released its earnings results on Monday, February 26th. The energy company reported $12.88 EPS for the quarter, beating the consensus estimate of $8.78 by $4.10. The firm had revenue of $959.90 million during the quarter, compared to analysts’ expectations of $796.65 million. Alpha Metallurgical Resources had a net margin of 20.80% and a return on equity of 46.22%. The business’s quarterly revenue was up 16.6% compared to the same quarter last year. During the same period in the prior year, the company earned $13.37 EPS. As a group, equities research analysts anticipate that Alpha Metallurgical Resources, Inc. will post 29.82 EPS for the current year.

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.