Yousif Capital Management LLC Invests $2.08 Million in Alpha Metallurgical Resources, Inc. (NYSE:AMR)

Yousif Capital Management LLC acquired a new position in shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR - Free Report) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 6,138 shares of the energy company's stock, valued at approximately $2,080,000.

Other hedge funds have also recently made changes to their positions in the company. GAMMA Investing LLC purchased a new stake in Alpha Metallurgical Resources in the fourth quarter valued at about $33,000. Wetzel Investment Advisors Inc. purchased a new stake in Alpha Metallurgical Resources in the fourth quarter valued at about $34,000. Exchange Traded Concepts LLC purchased a new stake in Alpha Metallurgical Resources in the third quarter valued at about $41,000. DekaBank Deutsche Girozentrale purchased a new stake in Alpha Metallurgical Resources in the third quarter valued at about $132,000. Finally, CI Investments Inc. purchased a new stake in Alpha Metallurgical Resources in the third quarter valued at about $188,000. 84.29% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Alpha Metallurgical Resources

In other news, CEO Charles Andrew Eidson sold 30,000 shares of Alpha Metallurgical Resources stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $363.06, for a total value of $10,891,800.00. Following the sale, the chief executive officer now directly owns 50,025 shares of the company's stock, valued at $18,162,076.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CEO Charles Andrew Eidson sold 30,000 shares of Alpha Metallurgical Resources stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $363.06, for a total transaction of $10,891,800.00. Following the transaction, the chief executive officer now owns 50,025 shares in the company, valued at $18,162,076.50. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CAO Roger Lee Nicholson sold 6,629 shares of Alpha Metallurgical Resources stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $369.71, for a total value of $2,450,807.59. Following the transaction, the chief accounting officer now owns 10,720 shares in the company, valued at approximately $3,963,291.20. The disclosure for this sale can be found here. Insiders have sold 153,971 shares of company stock valued at $55,479,986 over the last ninety days. Insiders own 16.40% of the company's stock.

Wall Street Analyst Weigh In

Separately, B. Riley decreased their price target on 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 Stock Down 1.3 %

Shares of NYSE:AMR traded down $4.13 during trading on Wednesday, hitting $322.99. The stock had a trading volume of 157,643 shares, compared to its average volume of 240,164. Alpha Metallurgical Resources, Inc. has a 12-month low of $132.72 and a 12-month high of $452.00. The stock has a 50-day simple moving average of $341.07 and a two-hundred day simple moving average of $322.31. The stock has a market capitalization of $4.20 billion, a price-to-earnings ratio of 6.72 and a beta of 1.35.

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