Public Sector Pension Investment Board Has $5.24 Million Holdings in Alpha Metallurgical Resources, Inc. $AMR

Key Points

• The Public Sector Pension Investment Board increased its stake in Alpha Metallurgical Resources by 53.9%, acquiring an additional 14,658 shares, bringing its total holdings to 41,849 shares valued at $5,242,000.
• Significant changes in institutional ownership occurred, with GAMMA Investing LLC expanding its position by over 11,100%, while Federated Hermes Inc. boosted its holdings by an astonishing 59,520.9%.
• Alpha Metallurgical Resources reported an earnings per share of ($0.38), significantly beating estimates, despite a 31.6% year-over-year decline in revenue.

Public Sector Pension Investment Board increased its position in shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR - Free Report) by 53.9% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 41,849 shares of the energy company's stock after buying an additional 14,658 shares during the quarter. Public Sector Pension Investment Board owned about 0.32% of Alpha Metallurgical Resources worth $5,242,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in AMR. GAMMA Investing LLC grew its stake in shares of Alpha Metallurgical Resources by 11,100.3% in the first quarter. GAMMA Investing LLC now owns 34,945 shares of the energy company's stock worth $4,377,000 after acquiring an additional 34,633 shares in the last quarter. Mutual Advisors LLC purchased a new stake in Alpha Metallurgical Resources in the first quarter valued at $603,000. SG Americas Securities LLC raised its holdings in shares of Alpha Metallurgical Resources by 204.5% in the first quarter. SG Americas Securities LLC now owns 8,376 shares of the energy company's stock valued at $1,049,000 after buying an additional 5,625 shares during the last quarter. DekaBank Deutsche Girozentrale raised its holdings in shares of Alpha Metallurgical Resources by 40.2% in the first quarter. DekaBank Deutsche Girozentrale now owns 1,385 shares of the energy company's stock valued at $173,000 after buying an additional 397 shares during the last quarter. Finally, Federated Hermes Inc. raised its holdings in shares of Alpha Metallurgical Resources by 59,520.9% in the first quarter. Federated Hermes Inc. now owns 25,637 shares of the energy company's stock valued at $3,211,000 after buying an additional 25,594 shares during the last quarter. Hedge funds and other institutional investors own 84.29% of the company's stock.

Insider Activity

In other Alpha Metallurgical Resources news, CFO Joshua Todd Munsey sold 2,135 shares of the business's stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $157.00, for a total transaction of $335,195.00. Following the completion of the transaction, the chief financial officer directly owned 4,466 shares of the company's stock, valued at $701,162. The trade was a 32.34% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Jason E. Whitehead sold 12,004 shares of the business'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 transaction, the chief operating officer directly owned 9,673 shares of the company's stock, valued at $1,565,478.32. The trade was a 55.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 16.00% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Wall Street Zen raised shares of Alpha Metallurgical Resources from a "sell" rating to a "hold" rating in a report on Saturday, August 16th. Jefferies Financial Group upped 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. Finally, B. Riley reduced 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 research report on Tuesday, August 5th. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $160.50.

Alpha Metallurgical Resources Trading Up 3.8%

Shares of AMR stock traded up $5.2490 during trading hours on Friday, hitting $143.3890. The company's stock had a trading volume of 58,300 shares, compared to its average volume of 335,587. The business has a fifty day moving average of $124.11 and a 200-day moving average of $128.73. The stock has a market cap of $1.87 billion, a price-to-earnings ratio of -50.32 and a beta of 0.59. Alpha Metallurgical Resources, Inc. has a twelve month low of $97.41 and a twelve month high of $255.04.

Alpha Metallurgical Resources (NYSE:AMR - Get Free Report) 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. Alpha Metallurgical Resources had a negative net margin of 1.57% and a negative return on equity of 2.28%. The firm had revenue of $550.27 million for the quarter, compared to analyst estimates of $552.15 million. During the same quarter last year, the business earned $4.49 earnings per share. Alpha Metallurgical Resources's revenue was down 31.6% compared to the same quarter last year. On average, equities analysts expect that Alpha Metallurgical Resources, Inc. will post 14.31 EPS for the current fiscal year.

Alpha Metallurgical Resources Company 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.