Gladius Capital Management LP Trims Stock Position in Alpha Metallurgical Resources, Inc. (NYSE:AMR)

Gladius Capital Management LP decreased its position in shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR) by 34.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 136 shares of the energy company’s stock after selling 72 shares during the quarter. Gladius Capital Management LP’s holdings in Alpha Metallurgical Resources were worth $46,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. State of Alaska Department of Revenue purchased a new position in Alpha Metallurgical Resources during the 4th quarter worth $2,465,000. Illinois Municipal Retirement Fund acquired a new position in Alpha Metallurgical Resources in the 4th quarter valued at about $2,302,000. Raymond James & Associates increased its position in Alpha Metallurgical Resources by 203.8% in the 3rd quarter. Raymond James & Associates now owns 9,546 shares of the energy company’s stock valued at $2,479,000 after acquiring an additional 6,404 shares during the period. Invesco Ltd. raised its stake in Alpha Metallurgical Resources by 180.9% during the 3rd quarter. Invesco Ltd. now owns 115,816 shares of the energy company’s stock valued at $30,081,000 after acquiring an additional 74,583 shares during the last quarter. Finally, Louisiana State Employees Retirement System acquired a new stake in Alpha Metallurgical Resources during the 4th quarter worth approximately $2,000,000. Institutional investors and hedge funds own 84.29% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on AMR shares. B. Riley upped their price target on Alpha Metallurgical Resources from $374.00 to $375.00 and gave the stock a “buy” rating in a research note on Tuesday. Benchmark reissued a “hold” rating on shares of Alpha Metallurgical Resources in a research note on Tuesday.

Insider Buying and Selling at Alpha Metallurgical Resources

In other news, Director Kenneth S. Courtis sold 22,802 shares of the company’s stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $302.81, for a total transaction of $6,904,673.62. Following the transaction, the director now directly owns 638,234 shares of the company’s stock, valued at approximately $193,263,637.54. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, Director Kenneth S. Courtis sold 22,802 shares of the business’s stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $302.81, for a total transaction of $6,904,673.62. Following the sale, the director now owns 638,234 shares of the company’s stock, valued at approximately $193,263,637.54. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director David J. Stetson sold 30,694 shares of the firm’s stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $392.30, for a total value of $12,041,256.20. Following the completion of the transaction, the director now directly owns 26,054 shares of the company’s stock, valued at $10,220,984.20. The disclosure for this sale can be found here. Over the last quarter, insiders sold 153,971 shares of company stock valued at $55,479,986. 15.00% of the stock is owned by company insiders.

Alpha Metallurgical Resources Stock Performance

NYSE:AMR traded down $1.91 during mid-day trading on Thursday, reaching $298.58. The stock had a trading volume of 181,808 shares, compared to its average volume of 240,113. Alpha Metallurgical Resources, Inc. has a twelve month low of $132.72 and a twelve month high of $452.00. The business has a 50 day simple moving average of $329.22 and a 200 day simple moving average of $325.04. The firm has a market capitalization of $3.88 billion, a price-to-earnings ratio of 7.23 and a beta of 1.38.

Alpha Metallurgical Resources (NYSE:AMR) last posted 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). Alpha Metallurgical Resources had a net margin of 20.80% and a return on equity of 46.22%. The business had revenue of $864.07 million during the quarter, compared to analyst estimates of $845.35 million. During the same period in the prior year, the business earned $17.01 earnings per share. The firm’s quarterly revenue was down 5.2% compared to the same quarter last year. As a group, sell-side analysts expect that Alpha Metallurgical Resources, Inc. will post 29.82 earnings per share for the current year.

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.