Alpha Metallurgical Resources, Inc. $AMR Stock Position Raised by NWF Advisory Services Inc.

NWF Advisory Services Inc. grew its position in shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR) by 46.5% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 57,925 shares of the energy company’s stock after buying an additional 18,390 shares during the quarter. Alpha Metallurgical Resources makes up about 0.9% of NWF Advisory Services Inc.’s investment portfolio, making the stock its 28th largest holding. NWF Advisory Services Inc. owned approximately 0.46% of Alpha Metallurgical Resources worth $9,554,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the company. BlackRock Inc. acquired a new position in Alpha Metallurgical Resources in the second quarter worth approximately $299,230,000. State Street Corp lifted its stake in Alpha Metallurgical Resources by 27.2% in the second quarter. State Street Corp now owns 865,934 shares of the energy company’s stock valued at $97,400,000 after acquiring an additional 185,281 shares during the last quarter. Goehring & Rozencwajg Associates LLC lifted its stake in Alpha Metallurgical Resources by 206.8% in the first quarter. Goehring & Rozencwajg Associates LLC now owns 242,039 shares of the energy company’s stock valued at $49,683,000 after acquiring an additional 163,144 shares during the last quarter. Millennium Management LLC grew its position in Alpha Metallurgical Resources by 208.0% in the first quarter. Millennium Management LLC now owns 106,107 shares of the energy company’s stock worth $13,290,000 after acquiring an additional 71,653 shares in the last quarter. Finally, Bank of New York Mellon Corp bought a new stake in Alpha Metallurgical Resources in the second quarter worth approximately $10,969,000. 84.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Alpha Metallurgical Resources

In other news, Director Kenneth Courtis purchased 5,000 shares of the firm’s stock in a transaction on Friday, August 28th. The stock was bought at an average cost of $228.99 per share, for a total transaction of $1,144,950.00. Following the completion of the acquisition, the director directly owned 1,025,394 shares of the company’s stock, valued at approximately $234,804,972.06. The trade was a 0.49% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have bought 35,000 shares of company stock worth $7,137,400 in the last three months. 18.20% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

AMR has been the topic of several analyst reports. Jefferies Financial Group restated a “hold” rating and set a $160.00 price target on shares of Alpha Metallurgical Resources in a research note on Tuesday, July 21st. B. Riley Financial decreased their price objective on shares of Alpha Metallurgical Resources from $189.00 to $185.00 and set a “neutral” rating for the company in a report on Thursday, August 20th. Zacks Research downgraded shares of Alpha Metallurgical Resources from a “hold” rating to a “strong sell” rating in a research report on Thursday, August 27th. Wall Street Zen downgraded shares of Alpha Metallurgical Resources from a “hold” rating to a “sell” rating in a research report on Saturday, August 8th. Finally, UBS Group started coverage on Alpha Metallurgical Resources in a report on Friday, July 10th. They set a “neutral” rating and a $165.00 target price on the stock. Five investment analysts have rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus price target of $176.00.

Alpha Metallurgical Resources Trading Down 7.3%

Shares of AMR stock opened at $216.31 on Friday. Alpha Metallurgical Resources, Inc. has a 12 month low of $133.64 and a 12 month high of $253.82. The company has a quick ratio of 2.37, a current ratio of 3.41 and a debt-to-equity ratio of 0.01. The business’s 50 day moving average is $167.57 and its two-hundred day moving average is $182.50. The company has a market cap of $2.74 billion, a PE ratio of -60.42 and a beta of 0.68.

Alpha Metallurgical Resources (NYSE:AMR) last issued its quarterly earnings data on Friday, August 7th. The energy company reported ($0.96) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.97) by $0.01. Alpha Metallurgical Resources had a negative net margin of 2.23% and a negative return on equity of 2.99%. The business had revenue of $421.29 million during the quarter, compared to analysts’ expectations of $521.61 million. During the same period in the previous year, the company earned ($0.38) earnings per share. Alpha Metallurgical Resources’s revenue for the quarter was down 10.4% on a year-over-year basis. Equities analysts predict that Alpha Metallurgical Resources, Inc. will post -2.4 EPS for the current year.

About Alpha Metallurgical Resources

Alpha Metallurgical Resources, Inc (NYSE: AMR) is a leading pure-play producer of high-grade metallurgical coal, primarily serving the global steelmaking industry. Headquartered in Bristol, Virginia, the company operates multiple underground and surface mining complexes across the central Appalachian and Illinois basins. Its production portfolio focuses on premium raw and semi-soft coking coal products tailored to meet the specifications of steel producers worldwide.

Formed in July 2021 through the spin-out of Contura Energy’s metallurgical coal business, Alpha Metallurgical Resources has built a reputation for operational excellence and cost-efficient mining.