Illinois Municipal Retirement Fund Purchases New Stake in Alpha Metallurgical Resources, Inc. (NYSE:AMR)

Illinois Municipal Retirement Fund purchased a new stake in Alpha Metallurgical Resources, Inc. (NYSE:AMR - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 6,792 shares of the energy company's stock, valued at approximately $2,302,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of AMR. Exchange Traded Concepts LLC purchased a new stake in Alpha Metallurgical Resources during the third quarter valued at about $41,000. Raymond James & Associates lifted its stake in Alpha Metallurgical Resources by 203.8% during the third quarter. Raymond James & Associates now owns 9,546 shares of the energy company's stock valued at $2,479,000 after buying an additional 6,404 shares in the last quarter. Stratos Wealth Partners LTD. lifted its stake in Alpha Metallurgical Resources by 38.1% during the third quarter. Stratos Wealth Partners LTD. now owns 5,945 shares of the energy company's stock valued at $1,544,000 after buying an additional 1,639 shares in the last quarter. Affinity Wealth Management LLC purchased a new stake in Alpha Metallurgical Resources during the third quarter valued at about $263,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Alpha Metallurgical Resources by 20.0% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,376 shares of the energy company's stock valued at $617,000 after buying an additional 396 shares in the last quarter. 84.29% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Kenneth S. Courtis sold 22,802 shares of the company's stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $302.81, for a total value of $6,904,673.62. Following the transaction, the director now owns 638,234 shares in the company, valued at approximately $193,263,637.54. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Kenneth S. Courtis sold 22,802 shares of the stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $302.81, for a total value of $6,904,673.62. Following the transaction, the director now owns 638,234 shares in the company, valued at $193,263,637.54. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director David J. Stetson sold 30,694 shares of the stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $392.30, for a total value of $12,041,256.20. Following the completion of the transaction, the director now owns 26,054 shares in the company, valued at approximately $10,220,984.20. The disclosure for this sale can be found here. Insiders have sold 153,971 shares of company stock worth $55,479,986 in the last 90 days. Company insiders own 15.00% of the company's stock.

Analyst Ratings Changes

Separately, B. Riley reduced their price objective on shares of Alpha Metallurgical Resources from $381.00 to $374.00 and set a "buy" rating for the company in a research note on Monday, April 15th.

Alpha Metallurgical Resources Trading Up 0.9 %

AMR stock traded up $3.04 during mid-day trading on Friday, reaching $344.14. 158,256 shares of the stock traded hands, compared to its average volume of 242,772. The company has a market cap of $4.48 billion, a P/E ratio of 7.07 and a beta of 1.35. Alpha Metallurgical Resources, Inc. has a 52-week low of $132.72 and a 52-week high of $452.00. The stock's fifty day moving average is $342.45 and its 200-day moving average is $319.78.

Alpha Metallurgical Resources (NYSE:AMR - Get Free Report) last issued its earnings results on Monday, February 26th. The energy company reported $12.88 earnings per share for the quarter, beating analysts' consensus estimates of $8.78 by $4.10. The company had revenue of $959.90 million for the quarter, compared to the consensus estimate of $796.65 million. Alpha Metallurgical Resources had a return on equity of 46.22% and a net margin of 20.80%. The firm's quarterly revenue was up 16.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $13.37 EPS. Equities research analysts expect that Alpha Metallurgical Resources, Inc. will post 29.82 earnings per share for the current 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.