Financial Strategies Group Inc. Has $741,000 Stock Holdings in Alpha Metallurgical Resources, Inc. $AMR

Financial Strategies Group Inc. grew its holdings in Alpha Metallurgical Resources, Inc. (NYSE:AMR) by 92.8% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 6,278 shares of the energy company’s stock after buying an additional 3,021 shares during the quarter. Financial Strategies Group Inc.’s holdings in Alpha Metallurgical Resources were worth $741,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in the business. Millennium Management LLC raised its stake in shares of Alpha Metallurgical Resources by 208.0% in the 1st quarter. Millennium Management LLC now owns 106,107 shares of the energy company’s stock valued at $13,290,000 after buying an additional 71,653 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Alpha Metallurgical Resources by 4.7% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,548 shares of the energy company’s stock valued at $820,000 after buying an additional 295 shares in the last quarter. AQR Capital Management LLC raised its stake in shares of Alpha Metallurgical Resources by 267.9% in the 1st quarter. AQR Capital Management LLC now owns 42,161 shares of the energy company’s stock valued at $5,281,000 after buying an additional 30,700 shares in the last quarter. Adage Capital Partners GP L.L.C. acquired a new position in shares of Alpha Metallurgical Resources in the 1st quarter valued at $6,262,000. Finally, Royal Bank of Canada raised its stake in shares of Alpha Metallurgical Resources by 55.0% in the 1st quarter. Royal Bank of Canada now owns 2,029 shares of the energy company’s stock valued at $254,000 after buying an additional 720 shares in the last quarter. Institutional investors and hedge funds own 84.29% of the company’s stock.

Alpha Metallurgical Resources Stock Up 7.4%

Shares of Alpha Metallurgical Resources stock opened at $145.92 on Friday. The stock has a market capitalization of $1.90 billion, a P/E ratio of -51.20 and a beta of 0.64. The company has a 50-day simple moving average of $131.95 and a 200 day simple moving average of $125.82. Alpha Metallurgical Resources, Inc. has a 12-month low of $97.41 and a 12-month high of $255.04.

Alpha Metallurgical Resources (NYSE:AMR) last announced its earnings results on Friday, August 8th. The energy company reported ($0.38) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($2.38) by $2.00. The business had revenue of $550.27 million during the quarter, compared to analysts’ expectations of $552.15 million. Alpha Metallurgical Resources had a negative net margin of 1.57% and a negative return on equity of 2.28%. The firm’s revenue for the quarter was down 31.6% on a year-over-year basis. During the same quarter last year, the company posted $4.49 EPS. On average, equities analysts anticipate that Alpha Metallurgical Resources, Inc. will post 14.31 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. B. Riley dropped their price objective on shares of Alpha Metallurgical Resources from $173.00 to $171.00 and set a “buy” rating for the company in a research note on Tuesday, August 5th. Wall Street Zen upgraded shares of Alpha Metallurgical Resources from a “sell” rating to a “hold” rating in a research report on Saturday, August 16th. Finally, Jefferies Financial Group increased their target price on shares of Alpha Metallurgical Resources from $110.00 to $150.00 and gave the stock a “hold” rating in a research report on Monday, August 11th. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, Alpha Metallurgical Resources presently has a consensus rating of “Hold” and a consensus target price of $160.50.

Insider Activity

In other Alpha Metallurgical Resources news, CFO Joshua Todd Munsey sold 2,135 shares of the firm’s stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $157.00, for a total value of $335,195.00. Following the completion of the sale, the chief financial officer owned 4,466 shares in the company, valued at approximately $701,162. This trade represents a 32.34% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, COO Jason E. Whitehead sold 12,004 shares of the firm’s stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $161.84, for a total transaction of $1,942,727.36. Following the completion of the sale, the chief operating officer owned 9,673 shares of the company’s stock, valued at $1,565,478.32. The trade was a 55.38% decrease in their position. The disclosure for this sale can be found here. Company insiders own 16.00% of the company’s stock.

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.