Maryland State Retirement & Pension System Makes New Investment in Alpha Metallurgical Resources, Inc. (NYSE:AMR)

Maryland State Retirement & Pension System purchased a new position in Alpha Metallurgical Resources, Inc. (NYSE:AMR - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 4,297 shares of the energy company's stock, valued at approximately $1,456,000.

A number of other institutional investors have also bought and sold shares of AMR. Stratos Wealth Advisors LLC grew its position in shares of Alpha Metallurgical Resources by 0.5% during the fourth quarter. Stratos Wealth Advisors LLC now owns 6,631 shares of the energy company's stock valued at $2,247,000 after purchasing an additional 31 shares in the last quarter. SummerHaven Investment Management LLC grew its position in shares of Alpha Metallurgical Resources by 0.7% during the fourth quarter. SummerHaven Investment Management LLC now owns 4,802 shares of the energy company's stock valued at $1,627,000 after purchasing an additional 35 shares in the last quarter. Meritage Portfolio Management grew its position in shares of Alpha Metallurgical Resources by 5.6% during the third quarter. Meritage Portfolio Management now owns 1,724 shares of the energy company's stock valued at $448,000 after purchasing an additional 92 shares in the last quarter. GAMMA Investing LLC purchased a new position in shares of Alpha Metallurgical Resources during the fourth quarter valued at about $33,000. Finally, Wetzel Investment Advisors Inc. purchased a new position in shares of Alpha Metallurgical Resources during the fourth quarter valued at about $34,000. Hedge funds and other institutional investors own 84.29% of the company's stock.

Alpha Metallurgical Resources Stock Down 0.6 %

AMR traded down $1.91 on Thursday, hitting $298.58. The company had a trading volume of 181,808 shares, compared to its average volume of 240,113. The company has a market cap of $3.88 billion, a PE ratio of 7.23 and a beta of 1.38. Alpha Metallurgical Resources, Inc. has a 12-month low of $132.72 and a 12-month high of $452.00. The business's fifty day simple moving average is $329.22 and its 200 day simple moving average is $325.04.

Alpha Metallurgical Resources (NYSE:AMR - Get Free Report) last released its quarterly earnings results on Monday, May 6th. The energy company reported $9.59 EPS for the quarter, missing the consensus estimate of $9.61 by ($0.02). The company had revenue of $864.07 million during the quarter, compared to analysts' expectations of $845.35 million. Alpha Metallurgical Resources had a return on equity of 46.22% and a net margin of 20.80%. The company's revenue was down 5.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $17.01 EPS. On average, analysts anticipate that Alpha Metallurgical Resources, Inc. will post 29.82 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Alpha Metallurgical Resources news, Director Kenneth S. Courtis sold 22,802 shares of the firm's 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 $193,263,637.54. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Alpha Metallurgical Resources news, Director Kenneth S. Courtis sold 22,802 shares of the firm's 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 $193,263,637.54. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Kenneth S. Courtis sold 15,000 shares of the firm's stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $318.95, for a total transaction of $4,784,250.00. Following the completion of the sale, the director now directly owns 681,036 shares of the company's stock, valued at approximately $217,216,432.20. The disclosure for this sale can be found here. Over the last quarter, insiders sold 153,971 shares of company stock worth $55,479,986. Corporate insiders own 15.00% of the company's stock.

Analyst Ratings Changes

AMR has been the subject of a number of research analyst reports. B. Riley raised their price objective on Alpha Metallurgical Resources from $374.00 to $375.00 and gave the company a "buy" rating in a research report on Tuesday. Benchmark restated a "hold" rating on shares of Alpha Metallurgical Resources in a research report on Tuesday.

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.