Measured Wealth Private Client Group LLC Acquires 39 Shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR)

Measured Wealth Private Client Group LLC grew its stake in Alpha Metallurgical Resources, Inc. (NYSE:AMR) by 5.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 819 shares of the energy company’s stock after acquiring an additional 39 shares during the period. Measured Wealth Private Client Group LLC’s holdings in Alpha Metallurgical Resources were worth $271,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. GAMMA Investing LLC bought a new stake in Alpha Metallurgical Resources in the fourth quarter valued at approximately $33,000. Wetzel Investment Advisors Inc. acquired a new stake in Alpha Metallurgical Resources during the 4th quarter valued at $34,000. Quadrant Capital Group LLC bought a new position in Alpha Metallurgical Resources during the fourth quarter worth $35,000. Creekmur Asset Management LLC acquired a new position in shares of Alpha Metallurgical Resources in the fourth quarter valued at $36,000. Finally, PNC Financial Services Group Inc. raised its position in shares of Alpha Metallurgical Resources by 947.1% in the fourth quarter. PNC Financial Services Group Inc. now owns 178 shares of the energy company’s stock valued at $60,000 after purchasing an additional 161 shares during the period. Institutional investors and hedge funds own 84.29% of the company’s stock.

Alpha Metallurgical Resources Trading Down 0.7 %

NYSE AMR opened at $326.25 on Wednesday. The company has a 50 day moving average of $304.71 and a 200-day moving average of $337.74. The company has a market cap of $4.24 billion, a price-to-earnings ratio of 7.90 and a beta of 1.36. Alpha Metallurgical Resources, Inc. has a 1-year low of $151.24 and a 1-year high of $452.00.

Alpha Metallurgical Resources (NYSE:AMR) last issued its quarterly earnings results on Monday, May 6th. The energy company reported $9.59 earnings per share for the quarter, missing analysts’ consensus estimates of $9.61 by ($0.02). Alpha Metallurgical Resources had a return on equity of 36.77% and a net margin of 16.89%. The firm had revenue of $864.07 million for the quarter, compared to the consensus estimate of $845.35 million. During the same period last year, the company posted $17.01 EPS. The business’s revenue was down 5.2% on a year-over-year basis. On average, equities research analysts forecast that Alpha Metallurgical Resources, Inc. will post 28.91 earnings per share for the current year.

Insider Activity at Alpha Metallurgical Resources

In other news, CAO Roger Lee Nicholson sold 3,593 shares of the stock in a transaction dated Tuesday, May 14th. The shares were sold at an average price of $290.16, for a total value of $1,042,544.88. Following the completion of the transaction, the chief accounting officer now owns 6,127 shares of the company’s stock, valued at $1,777,810.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 16.40% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research analysts recently commented on AMR shares. Benchmark reiterated a “hold” rating on shares of Alpha Metallurgical Resources in a research note on Tuesday, May 7th. B. Riley lifted their price target on Alpha Metallurgical Resources from $374.00 to $375.00 and gave the stock a “buy” rating in a report on Tuesday, May 7th.

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.