Exchange Traded Concepts LLC Purchases 3,691 Shares of Alpha Metallurgical Resources, Inc. $AMR

Exchange Traded Concepts LLC grew its position in shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR) by 29.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 16,016 shares of the energy company’s stock after purchasing an additional 3,691 shares during the quarter. Exchange Traded Concepts LLC’s holdings in Alpha Metallurgical Resources were worth $2,628,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Quadrature Capital Ltd purchased a new stake in Alpha Metallurgical Resources in the second quarter worth approximately $958,000. AQR Capital Management LLC lifted its holdings in shares of Alpha Metallurgical Resources by 267.9% in the 1st quarter. AQR Capital Management LLC now owns 42,161 shares of the energy company’s stock worth $5,281,000 after acquiring an additional 30,700 shares during the last quarter. Caxton Associates LLP bought a new stake in shares of Alpha Metallurgical Resources in the 1st quarter worth approximately $450,000. First Citizens Bank & Trust Co. purchased a new stake in shares of Alpha Metallurgical Resources in the 2nd quarter valued at $481,000. Finally, Magnetar Financial LLC grew its holdings in shares of Alpha Metallurgical Resources by 130.0% during the 1st quarter. Magnetar Financial LLC now owns 3,607 shares of the energy company’s stock valued at $452,000 after purchasing an additional 2,039 shares during the last quarter. 84.29% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Alpha Metallurgical Resources in a research report on Monday. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $160.50.

Insider Buying and Selling

In other Alpha Metallurgical Resources news, Director Michael Gorzynski bought 38,576 shares of the business’s stock in a transaction that occurred on Monday, December 15th. The shares were bought at an average cost of $188.50 per share, with a total value of $7,271,576.00. Following the completion of the purchase, the director directly owned 644,025 shares of the company’s stock, valued at $121,398,712.50. This trade represents a 6.37% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Kenneth S. Courtis purchased 9,000 shares of the stock in a transaction on Monday, December 15th. The shares were acquired at an average cost of $188.16 per share, with a total value of $1,693,440.00. Following the transaction, the director directly owned 816,537 shares in the company, valued at $153,639,601.92. The trade was a 1.11% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have acquired 98,576 shares of company stock valued at $17,994,174 over the last ninety days. 16.00% of the stock is owned by insiders.

Alpha Metallurgical Resources Stock Down 0.4%

Shares of NYSE AMR opened at $207.89 on Friday. The firm’s fifty day moving average is $172.76 and its 200 day moving average is $149.39. Alpha Metallurgical Resources, Inc. has a 52 week low of $97.41 and a 52 week high of $215.30. The company has a market cap of $2.67 billion, a price-to-earnings ratio of -58.40 and a beta of 0.91.

Alpha Metallurgical Resources (NYSE:AMR) last announced its quarterly earnings results on Thursday, November 6th. The energy company reported ($0.42) earnings per share for the quarter, missing the consensus estimate of ($0.35) by ($0.07). Alpha Metallurgical Resources had a negative net margin of 2.09% and a negative return on equity of 2.88%. The firm had revenue of $526.78 million for the quarter, compared to analysts’ expectations of $543.77 million. During the same period in the previous year, the company earned $0.29 EPS. The company’s quarterly revenue was down 21.6% on a year-over-year basis. Equities research analysts anticipate that Alpha Metallurgical Resources, Inc. will post 14.31 earnings per share for the current year.

Alpha Metallurgical Resources Company Profile

Alpha Metallurgical Resources, Inc (NYSE: AMR) is a leading pure-play producer of high-grade metallurgical coal, primarily serving the global steelmaking industry. Headquartered in Bristol, Virginia, the company operates multiple underground and surface mining complexes across the central Appalachian and Illinois basins. Its production portfolio focuses on premium raw and semi-soft coking coal products tailored to meet the specifications of steel producers worldwide.

Formed in July 2021 through the spin-out of Contura Energy’s metallurgical coal business, Alpha Metallurgical Resources has built a reputation for operational excellence and cost-efficient mining.