American Century Companies Inc. Has $68.36 Million Stake in Alpha Metallurgical Resources, Inc. $AMR

American Century Companies Inc. lifted its position in shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR) by 5.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 416,577 shares of the energy company’s stock after buying an additional 22,243 shares during the period. American Century Companies Inc.’s holdings in Alpha Metallurgical Resources were worth $68,356,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of AMR. State Street Corp lifted its stake in Alpha Metallurgical Resources by 27.2% in the 2nd quarter. State Street Corp now owns 865,934 shares of the energy company’s stock valued at $97,400,000 after acquiring an additional 185,281 shares in the last quarter. Dalal Street LLC raised its holdings in shares of Alpha Metallurgical Resources by 11.0% in the second quarter. Dalal Street LLC now owns 460,327 shares of the energy company’s stock valued at $51,778,000 after purchasing an additional 45,711 shares during the last quarter. Gendell Jeffrey L lifted its position in shares of Alpha Metallurgical Resources by 30.9% in the second quarter. Gendell Jeffrey L now owns 296,396 shares of the energy company’s stock worth $33,339,000 after purchasing an additional 69,950 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Alpha Metallurgical Resources by 6.1% in the second quarter. Geode Capital Management LLC now owns 268,609 shares of the energy company’s stock worth $30,219,000 after purchasing an additional 15,525 shares in the last quarter. Finally, Millennium Management LLC boosted its holdings in Alpha Metallurgical Resources by 208.0% during the first quarter. Millennium Management LLC now owns 106,107 shares of the energy company’s stock worth $13,290,000 after purchasing an additional 71,653 shares during the last quarter. 84.29% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, insider Daniel E. Horn sold 8,125 shares of the firm’s stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $188.32, for a total transaction of $1,530,100.00. Following the completion of the sale, the insider owned 4,989 shares in the company, valued at approximately $939,528.48. This trade represents a 61.96% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Kenneth S. Courtis purchased 36,000 shares of the firm’s stock in a transaction that occurred on Monday, December 8th. The stock was bought at an average price of $175.26 per share, for a total transaction of $6,309,360.00. Following the purchase, the director owned 770,537 shares in the company, valued at $135,044,314.62. The trade was a 4.90% increase in their position. The SEC filing for this purchase provides additional information. Insiders purchased a total of 98,576 shares of company stock valued at $17,994,174 over the last ninety days. 16.00% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on AMR shares. Jefferies Financial Group reiterated a “hold” rating and issued a $185.00 price target on shares of Alpha Metallurgical Resources in a research note on Monday. B. Riley Financial downgraded shares of Alpha Metallurgical Resources from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $204.00 to $203.00 in a research note on Wednesday, February 4th. Benchmark reaffirmed a “hold” rating on shares of Alpha Metallurgical Resources in a research report on Monday. Zacks Research lowered Alpha Metallurgical Resources from a “hold” rating to a “strong sell” rating in a report on Thursday, February 5th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Alpha Metallurgical Resources in a research report on Monday, December 29th. Four analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus target price of $194.00.

Alpha Metallurgical Resources Stock Performance

AMR opened at $182.73 on Thursday. The company has a quick ratio of 3.53, a current ratio of 4.47 and a debt-to-equity ratio of 0.01. Alpha Metallurgical Resources, Inc. has a 12-month low of $97.41 and a 12-month high of $253.82. The business has a 50 day moving average of $205.75 and a 200-day moving average of $178.29. The stock has a market cap of $2.34 billion, a price-to-earnings ratio of -38.55 and a beta of 0.79.

Alpha Metallurgical Resources (NYSE:AMR) last posted its earnings results on Friday, February 27th. The energy company reported ($1.34) earnings per share for the quarter, hitting analysts’ consensus estimates of ($1.34). Alpha Metallurgical Resources had a negative return on equity of 3.88% and a negative net margin of 2.90%.The business had revenue of $520.47 million for the quarter, compared to analyst estimates of $538.45 million. During the same period in the previous year, the firm earned ($0.16) EPS. The firm’s revenue was down 15.7% compared to the same quarter last year. On average, equities research analysts expect that Alpha Metallurgical Resources, Inc. will post 14.31 earnings per share for the current year.

Alpha Metallurgical Resources 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.