50,000 Shares in Alpha Metallurgical Resources, Inc. $AMR Purchased by Adage Capital Partners GP L.L.C.

Adage Capital Partners GP L.L.C. purchased a new position in Alpha Metallurgical Resources, Inc. (NYSE:AMR - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 50,000 shares of the energy company's stock, valued at approximately $6,262,000. Adage Capital Partners GP L.L.C. owned approximately 0.38% of Alpha Metallurgical Resources as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in AMR. Signaturefd LLC boosted its holdings in Alpha Metallurgical Resources by 306.1% in the first quarter. Signaturefd LLC now owns 199 shares of the energy company's stock worth $25,000 after acquiring an additional 150 shares in the last quarter. AdvisorNet Financial Inc lifted its holdings in shares of Alpha Metallurgical Resources by 214.3% during the first quarter. AdvisorNet Financial Inc now owns 220 shares of the energy company's stock worth $28,000 after purchasing an additional 150 shares during the period. Summit Securities Group LLC acquired a new stake in shares of Alpha Metallurgical Resources during the first quarter worth about $38,000. Public Employees Retirement System of Ohio acquired a new stake in shares of Alpha Metallurgical Resources during the fourth quarter worth about $60,000. Finally, Opal Wealth Advisors LLC acquired a new stake in shares of Alpha Metallurgical Resources during the first quarter worth about $64,000. Institutional investors and hedge funds own 84.29% of the company's stock.

Insider Activity at Alpha Metallurgical Resources

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

Alpha Metallurgical Resources Stock Down 0.1%

Shares of AMR stock traded down $0.10 during mid-day trading on Thursday, hitting $141.83. 102,693 shares of the stock were exchanged, compared to its average volume of 332,261. The firm has a fifty day moving average of $133.63 and a 200 day moving average of $125.69. Alpha Metallurgical Resources, Inc. has a 52-week low of $97.41 and a 52-week high of $255.04. The company has a market cap of $1.85 billion, a PE ratio of -49.76 and a beta of 0.64.

Alpha Metallurgical Resources (NYSE:AMR - Get Free Report) last posted its earnings results on Friday, August 8th. The energy company reported ($0.38) earnings per share (EPS) for the quarter, topping the consensus estimate of ($2.38) by $2.00. The business had revenue of $550.27 million for the quarter, compared to analyst estimates 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 company's revenue for the quarter was down 31.6% on a year-over-year basis. During the same period in the prior year, the company posted $4.49 EPS. Equities analysts predict that Alpha Metallurgical Resources, Inc. will post 14.31 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on AMR. 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. B. Riley decreased their target price on shares of Alpha Metallurgical Resources from $173.00 to $171.00 and set a "buy" rating for the company in a research report on Tuesday, August 5th. Finally, Jefferies Financial Group boosted their target price on shares of Alpha Metallurgical Resources from $110.00 to $150.00 and gave the company a "hold" rating in a research report on Monday, August 11th. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat, Alpha Metallurgical Resources has a consensus rating of "Hold" and a consensus price target of $160.50.

About Alpha Metallurgical Resources

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.