Financial Strategies Group Inc. Grows Position in Alpha Metallurgical Resources, Inc. (NYSE:AMR)

Financial Strategies Group Inc. raised its holdings in shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR) by 25.6% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 3,257 shares of the energy company’s stock after purchasing an additional 664 shares during the quarter. Financial Strategies Group Inc.’s holdings in Alpha Metallurgical Resources were worth $652,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of AMR. KBC Group NV grew its holdings in shares of Alpha Metallurgical Resources by 58.7% in the fourth quarter. KBC Group NV now owns 473 shares of the energy company’s stock valued at $95,000 after purchasing an additional 175 shares during the period. Blue Trust Inc. grew its holdings in shares of Alpha Metallurgical Resources by 24.8% in the fourth quarter. Blue Trust Inc. now owns 2,149 shares of the energy company’s stock valued at $430,000 after purchasing an additional 427 shares during the period. Exchange Traded Concepts LLC grew its holdings in shares of Alpha Metallurgical Resources by 2.5% in the fourth quarter. Exchange Traded Concepts LLC now owns 8,974 shares of the energy company’s stock valued at $1,796,000 after purchasing an additional 219 shares during the period. SG Americas Securities LLC grew its holdings in shares of Alpha Metallurgical Resources by 7.3% in the fourth quarter. SG Americas Securities LLC now owns 2,751 shares of the energy company’s stock valued at $551,000 after purchasing an additional 187 shares during the period. Finally, Wedge Capital Management L L P NC grew its holdings in shares of Alpha Metallurgical Resources by 11.4% in the fourth quarter. Wedge Capital Management L L P NC now owns 4,247 shares of the energy company’s stock valued at $850,000 after purchasing an additional 435 shares during the period. Hedge funds and other institutional investors own 84.29% of the company’s stock.

Insider Buying and Selling at Alpha Metallurgical Resources

In other news, Director Kenneth S. Courtis sold 10,621 shares of the firm’s stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $228.73, for a total transaction of $2,429,341.33. Following the transaction, the director now directly owns 603,342 shares in the company, valued at approximately $138,002,415.66. This trade represents a 1.73 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 16.40% of the stock is currently owned by insiders.

Alpha Metallurgical Resources Price Performance

Shares of AMR stock opened at $183.22 on Monday. The firm has a market cap of $2.39 billion, a PE ratio of 6.72 and a beta of 1.43. The company has a 50-day moving average of $208.44 and a two-hundred day moving average of $225.35. Alpha Metallurgical Resources, Inc. has a 1-year low of $173.55 and a 1-year high of $452.00.

Alpha Metallurgical Resources (NYSE:AMR) last issued its quarterly earnings results on Friday, November 1st. The energy company reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.60 by ($1.31). The business had revenue of $671.90 million for the quarter, compared to analyst estimates of $672.95 million. Alpha Metallurgical Resources had a return on equity of 22.65% and a net margin of 11.08%. The firm’s revenue for the quarter was down 9.4% compared to the same quarter last year. During the same period in the prior year, the company posted $6.65 EPS. Sell-side analysts anticipate that Alpha Metallurgical Resources, Inc. will post 14.31 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Benchmark reissued a “hold” rating on shares of Alpha Metallurgical Resources in a report on Monday, November 4th.

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.