Mraz Amerine & Associates Inc. Purchases 2,649 Shares of Alpha Metallurgical Resources, Inc. $AMR

Key Points

• Mraz Amerine & Associates Inc. has increased its stake in Alpha Metallurgical Resources by 21.7%, acquiring an additional 2,649 shares, bringing its total ownership to 14,877 shares valued at approximately $1.67 million.
• Insider transactions include Director Kenneth S. Courtis purchasing 55,000 shares for about $7.85 million, increasing his ownership by 8.78%; meanwhile, COO Jason E. Whitehead sold 12,004 shares, reducing his stake by 55.38%.
• Alpha Metallurgical Resources reported a loss of ($0.38) earnings per share for the recent quarter, significantly beating analysts' expectations, but its revenue decreased by 31.6% year-over-year, totaling $550.27 million.

Mraz Amerine & Associates Inc. grew its position in shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR - Free Report) by 21.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 14,877 shares of the energy company's stock after buying an additional 2,649 shares during the quarter. Mraz Amerine & Associates Inc. owned approximately 0.11% of Alpha Metallurgical Resources worth $1,673,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of AMR. American Century Companies Inc. grew its position in Alpha Metallurgical Resources by 6.3% during the 1st quarter. American Century Companies Inc. now owns 381,450 shares of the energy company's stock worth $47,777,000 after acquiring an additional 22,444 shares during the last quarter. Fuller & Thaler Asset Management Inc. grew its holdings in shares of Alpha Metallurgical Resources by 50.9% during the first quarter. Fuller & Thaler Asset Management Inc. now owns 136,217 shares of the energy company's stock worth $17,061,000 after purchasing an additional 45,934 shares during the last quarter. Millennium Management LLC grew its holdings in shares of Alpha Metallurgical Resources by 208.0% during the first quarter. Millennium Management LLC now owns 106,107 shares of the energy company's stock worth $13,290,000 after purchasing an additional 71,653 shares during the last quarter. Goehring & Rozencwajg Associates LLC increased its stake in shares of Alpha Metallurgical Resources by 2.6% in the first quarter. Goehring & Rozencwajg Associates LLC now owns 73,689 shares of the energy company's stock valued at $9,212,000 after buying an additional 1,889 shares in the last quarter. Finally, Hosking Partners LLP raised its holdings in shares of Alpha Metallurgical Resources by 8.7% in the first quarter. Hosking Partners LLP now owns 60,014 shares of the energy company's stock valued at $7,517,000 after buying an additional 4,794 shares during the last quarter. Institutional investors own 84.29% of the company's stock.

Insider Transactions at Alpha Metallurgical Resources

In related news, Director Kenneth S. Courtis acquired 55,000 shares of the firm's stock in a transaction that occurred on Friday, September 12th. The stock was acquired at an average cost of $142.64 per share, with a total value of $7,845,200.00. Following the completion of the purchase, the director directly owned 681,537 shares in the company, valued at approximately $97,214,437.68. This trade represents a 8.78% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Jason E. Whitehead sold 12,004 shares of the company's stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $161.84, for a total value 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. This represents a 55.38% decrease in their position. The disclosure for this sale can be found here. 16.00% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. Jefferies Financial Group increased their price objective on shares of Alpha Metallurgical Resources from $110.00 to $150.00 and gave the stock a "hold" rating in a report on Monday, August 11th. B. Riley lowered their price target on shares of Alpha Metallurgical Resources from $173.00 to $171.00 and set a "buy" rating for the company in a report 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, Weiss Ratings reaffirmed a "sell (d)" rating on shares of Alpha Metallurgical Resources in a report on Saturday, September 27th. One research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Alpha Metallurgical Resources currently has an average rating of "Hold" and a consensus target price of $160.50.

Alpha Metallurgical Resources Price Performance

Shares of NYSE:AMR opened at $170.34 on Tuesday. The stock has a market cap of $2.22 billion, a price-to-earnings ratio of -59.77 and a beta of 0.94. The company has a 50 day moving average of $147.90 and a 200-day moving average of $128.88. Alpha Metallurgical Resources, Inc. has a one year low of $97.41 and a one year high of $255.04.

Alpha Metallurgical Resources (NYSE:AMR - Get Free Report) last announced its quarterly earnings data on Friday, August 8th. The energy company reported ($0.38) earnings per share for the quarter, beating the consensus estimate of ($2.38) by $2.00. Alpha Metallurgical Resources had a negative net margin of 1.57% and a negative return on equity of 2.28%. The business had revenue of $550.27 million for the quarter, compared to analyst estimates of $552.15 million. During the same period in the prior year, the business posted $4.49 earnings per share. Alpha Metallurgical Resources's revenue was down 31.6% compared to the same quarter last year. Equities research analysts anticipate that Alpha Metallurgical Resources, Inc. will post 14.31 earnings per share 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.

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