Nisa Investment Advisors LLC Has $583,000 Stock Position in Alpha Metallurgical Resources, Inc. (NYSE:AMR)

Nisa Investment Advisors LLC decreased its position in Alpha Metallurgical Resources, Inc. (NYSE:AMR) by 31.7% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,720 shares of the energy company’s stock after selling 800 shares during the period. Nisa Investment Advisors LLC’s holdings in Alpha Metallurgical Resources were worth $583,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in AMR. Captrust Financial Advisors raised its holdings in Alpha Metallurgical Resources by 344.0% in the 1st quarter. Captrust Financial Advisors now owns 222 shares of the energy company’s stock valued at $29,000 after acquiring an additional 172 shares in the last quarter. Macquarie Group Ltd. acquired a new position in shares of Alpha Metallurgical Resources in the 2nd quarter worth approximately $32,000. Lazard Asset Management LLC acquired a new position in shares of Alpha Metallurgical Resources in the 2nd quarter worth approximately $37,000. Envestnet Asset Management Inc. raised its holdings in shares of Alpha Metallurgical Resources by 13,521.9% in the 1st quarter. Envestnet Asset Management Inc. now owns 222,855 shares of the energy company’s stock worth $39,000 after buying an additional 221,219 shares in the last quarter. Finally, Exchange Traded Concepts LLC acquired a new position in shares of Alpha Metallurgical Resources in the 3rd quarter worth approximately $41,000. Institutional investors and hedge funds own 84.29% of the company’s stock.

Analysts Set New Price Targets

Separately, B. Riley dropped their target price on Alpha Metallurgical Resources from $381.00 to $374.00 and set a “buy” rating for the company in a report on Monday.

Alpha Metallurgical Resources Price Performance

NYSE AMR opened at $349.28 on Wednesday. The firm has a market cap of $4.54 billion, a PE ratio of 7.17 and a beta of 1.35. Alpha Metallurgical Resources, Inc. has a one year low of $132.72 and a one year high of $452.00. The stock’s 50 day simple moving average is $348.94 and its 200 day simple moving average is $315.86.

Alpha Metallurgical Resources (NYSE:AMR) last released its quarterly earnings results on Monday, February 26th. The energy company reported $12.88 EPS for the quarter, topping analysts’ consensus estimates of $8.78 by $4.10. The business 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 revenue for the quarter was up 16.6% on a year-over-year basis. During the same period in the prior year, the company earned $13.37 EPS. As a group, equities analysts expect that Alpha Metallurgical Resources, Inc. will post 37.3 earnings per share for the current year.

Insider Buying and Selling

In related news, CAO Roger Lee Nicholson sold 6,629 shares of the stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $369.71, for a total transaction of $2,450,807.59. Following the sale, the chief accounting officer now directly owns 10,720 shares in the company, valued at approximately $3,963,291.20. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Alpha Metallurgical Resources news, Director David J. Stetson sold 30,694 shares of the stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $392.30, for a total value of $12,041,256.20. Following the transaction, the director now directly owns 26,054 shares in the company, valued at approximately $10,220,984.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Roger Lee Nicholson sold 6,629 shares of the stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $369.71, for a total value of $2,450,807.59. Following the completion of the transaction, the chief accounting officer now owns 10,720 shares in the company, valued at $3,963,291.20. The disclosure for this sale can be found here. Insiders have sold a total of 153,971 shares of company stock worth $55,479,986 in the last three months. Insiders own 16.40% of the company’s stock.

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.