Alpha Metallurgical Resources, Inc. (NYSE:AMR) Shares Sold by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D decreased its holdings in shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR - Free Report) by 26.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,063 shares of the energy company's stock after selling 3,331 shares during the period. State of New Jersey Common Pension Fund D owned approximately 0.06% of Alpha Metallurgical Resources worth $3,072,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. GAMMA Investing LLC purchased a new position in Alpha Metallurgical Resources in the 4th quarter valued at approximately $33,000. Wetzel Investment Advisors Inc. acquired a new stake in Alpha Metallurgical Resources in the 4th quarter valued at about $34,000. Exchange Traded Concepts LLC acquired a new stake in Alpha Metallurgical Resources in the 3rd quarter valued at about $41,000. DekaBank Deutsche Girozentrale purchased a new position in Alpha Metallurgical Resources during the 3rd quarter valued at about $132,000. Finally, GUNN & Co INVESTMENT MANAGEMENT INC. acquired a new position in Alpha Metallurgical Resources during the fourth quarter worth about $235,000. Institutional investors and hedge funds own 84.29% of the company's stock.

Insider Buying and Selling

In other news, Director David J. Stetson sold 4,502 shares of Alpha Metallurgical Resources stock in a transaction on Friday, March 1st. The stock was sold at an average price of $388.26, for a total value of $1,747,946.52. Following the completion of the sale, the director now owns 20,104 shares of the company's stock, valued at $7,805,579.04. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other Alpha Metallurgical Resources news, Director David J. Stetson sold 4,502 shares of the firm's stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $388.26, for a total value of $1,747,946.52. Following the sale, the director now directly owns 20,104 shares of the company's stock, valued at approximately $7,805,579.04. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Kenneth S. Courtis sold 22,802 shares of Alpha Metallurgical Resources stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $302.81, for a total value of $6,904,673.62. Following the completion of the sale, the director now owns 638,234 shares of the company's stock, valued at approximately $193,263,637.54. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 153,971 shares of company stock worth $55,479,986. 15.00% of the stock is owned by insiders.

Alpha Metallurgical Resources Price Performance

Alpha Metallurgical Resources stock traded up $2.80 during mid-day trading on Friday, hitting $343.90. 158,256 shares of the company were exchanged, compared to its average volume of 181,598. Alpha Metallurgical Resources, Inc. has a 12-month low of $132.72 and a 12-month high of $452.00. The company has a market capitalization of $4.47 billion, a P/E ratio of 7.06 and a beta of 1.35. The business's 50 day simple moving average is $342.45 and its two-hundred day simple moving average is $320.74.

Alpha Metallurgical Resources (NYSE:AMR - Get Free Report) last posted its quarterly earnings data on Monday, February 26th. The energy company reported $12.88 EPS for the quarter, topping analysts' consensus estimates of $8.78 by $4.10. The firm had revenue of $959.90 million during the quarter, compared to analysts' expectations 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% compared to the same quarter last year. During the same quarter last year, the business posted $13.37 EPS. Equities research analysts predict that Alpha Metallurgical Resources, Inc. will post 29.82 earnings per share for the current year.

Analysts Set New Price Targets

Separately, B. Riley lowered their price target on shares of Alpha Metallurgical Resources from $381.00 to $374.00 and set a "buy" rating on the stock in a research report on Monday, April 15th.

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.