NWF Advisory Services Inc. Reduces Stake in Alpha Metallurgical Resources, Inc. $AMR

NWF Advisory Services Inc. lessened its holdings in shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR) by 12.7% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 35,737 shares of the energy company’s stock after selling 5,196 shares during the period. NWF Advisory Services Inc. owned 0.28% of Alpha Metallurgical Resources worth $7,143,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in AMR. Systrade AG acquired a new position in Alpha Metallurgical Resources in the fourth quarter valued at approximately $55,966,000. Crocodile Capital Partners GmbH acquired a new stake in Alpha Metallurgical Resources during the fourth quarter worth approximately $40,999,000. State Street Corp raised its holdings in Alpha Metallurgical Resources by 27.2% during the second quarter. State Street Corp now owns 865,934 shares of the energy company’s stock worth $97,400,000 after purchasing an additional 185,281 shares in the last quarter. Contrarius Group Holdings Ltd purchased a new stake in shares of Alpha Metallurgical Resources during the 3rd quarter worth approximately $12,146,000. Finally, Dalal Street LLC lifted its position in shares of Alpha Metallurgical Resources by 15.6% during the 3rd quarter. Dalal Street LLC now owns 532,000 shares of the energy company’s stock worth $87,296,000 after buying an additional 71,673 shares during the last quarter. Hedge funds and other institutional investors own 84.29% of the company’s stock.

Insider Buying and Selling

In related news, COO Jason E. Whitehead sold 3,901 shares of the stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $212.28, for a total transaction of $828,104.28. Following the completion of the sale, the chief operating officer directly owned 10,450 shares of the company’s stock, valued at $2,218,326. This trade represents a 27.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Mark Matthew Manno sold 460 shares of the business’s stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $214.64, for a total transaction of $98,734.40. Following the sale, the executive vice president directly owned 3,966 shares in the company, valued at approximately $851,262.24. This represents a 10.39% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 18.20% of the company’s stock.

Wall Street Analysts Forecast Growth

AMR has been the topic of a number of recent analyst reports. Zacks Research downgraded shares of Alpha Metallurgical Resources from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 5th. Jefferies Financial Group reissued a “hold” rating and issued a $185.00 price target on shares of Alpha Metallurgical Resources in a research report on Monday, March 2nd. B. Riley Financial upped their price objective on shares of Alpha Metallurgical Resources from $203.00 to $207.00 and gave the company a “neutral” rating in a research note on Thursday, March 5th. Benchmark reaffirmed a “hold” rating on shares of Alpha Metallurgical Resources in a report on Monday, March 2nd. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Alpha Metallurgical Resources in a research report on Friday, March 27th. Four equities research 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 has a consensus rating of “Reduce” and an average target price of $195.33.

Alpha Metallurgical Resources Stock Performance

Shares of AMR stock opened at $186.18 on Friday. The stock’s 50-day moving average price is $192.66 and its 200 day moving average price is $197.55. The company has a quick ratio of 2.81, a current ratio of 3.67 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $2.37 billion, a PE ratio of -62.06 and a beta of 0.62. Alpha Metallurgical Resources, Inc. has a 52-week low of $97.41 and a 52-week high of $253.82.

Alpha Metallurgical Resources (NYSE:AMR) last posted its quarterly earnings data on Friday, May 8th. The energy company reported ($0.86) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.86). Alpha Metallurgical Resources had a negative return on equity of 2.47% and a negative net margin of 1.83%.The company had revenue of $447.32 million during the quarter, compared to analysts’ expectations of $535.15 million. During the same period last year, the firm earned ($2.60) EPS. The firm’s revenue for the quarter was down 1.3% on a year-over-year basis. As a group, equities research analysts forecast that Alpha Metallurgical Resources, Inc. will post 8.21 EPS for the current year.

Alpha Metallurgical Resources Company Profile

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.