Louisiana State Employees Retirement System Invests $985,000 in Alpha Metallurgical Resources, Inc. $AMR

Louisiana State Employees Retirement System acquired a new stake in Alpha Metallurgical Resources, Inc. (NYSE:AMR) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 4,800 shares of the energy company’s stock, valued at approximately $985,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of AMR. Los Angeles Capital Management LLC bought a new position in Alpha Metallurgical Resources in the 4th quarter worth about $29,000. Caitong International Asset Management Co. Ltd raised its holdings in shares of Alpha Metallurgical Resources by 215.4% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 164 shares of the energy company’s stock valued at $33,000 after buying an additional 112 shares during the last quarter. Aster Capital Management DIFC Ltd acquired a new position in shares of Alpha Metallurgical Resources during the fourth quarter worth approximately $45,000. PNC Financial Services Group Inc. boosted its position in shares of Alpha Metallurgical Resources by 85.4% during the third quarter. PNC Financial Services Group Inc. now owns 380 shares of the energy company’s stock worth $62,000 after buying an additional 175 shares during the period. Finally, Hantz Financial Services Inc. grew its holdings in Alpha Metallurgical Resources by 67.9% in the 4th quarter. Hantz Financial Services Inc. now owns 403 shares of the energy company’s stock worth $81,000 after buying an additional 163 shares in the last quarter. 84.29% of the stock is owned by institutional investors and hedge funds.

Alpha Metallurgical Resources Stock Down 0.2%

AMR opened at $159.73 on Friday. Alpha Metallurgical Resources, Inc. has a one year low of $109.21 and a one year high of $253.82. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.81 and a current ratio of 3.67. The stock’s fifty day moving average is $186.63 and its 200-day moving average is $196.69. The company has a market capitalization of $2.03 billion, a PE ratio of -53.24 and a beta of 0.63.

Alpha Metallurgical Resources (NYSE:AMR) last issued its quarterly earnings results on Friday, May 8th. The energy company reported ($0.86) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.86). Alpha Metallurgical Resources had a negative net margin of 1.83% and a negative return on equity of 2.47%. The company had revenue of $447.32 million during the quarter, compared to the consensus estimate of $535.15 million. During the same period in the prior year, the company earned ($2.60) EPS. Alpha Metallurgical Resources’s revenue was down 1.3% on a year-over-year basis. On average, equities analysts predict that Alpha Metallurgical Resources, Inc. will post 8.21 EPS for the current fiscal year.

Insiders Place Their Bets

In other Alpha Metallurgical Resources news, COO Jason E. Whitehead sold 3,901 shares of the company’s stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $212.28, for a total value of $828,104.28. Following the transaction, the chief operating officer owned 10,450 shares of the company’s stock, valued at approximately $2,218,326. This represents a 27.18% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Kenneth S. Courtis acquired 15,000 shares of the business’s stock in a transaction dated Tuesday, May 12th. The shares were bought at an average price of $189.22 per share, with a total value of $2,838,300.00. Following the transaction, the director directly owned 975,394 shares in the company, valued at approximately $184,564,052.68. The trade was a 1.56% increase in their position. The SEC filing for this purchase provides additional information. 18.20% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Atlantic Securities set a $194.00 target price on Alpha Metallurgical Resources in a research note on Thursday, April 30th. Weiss Ratings reissued a “sell (d)” rating on shares of Alpha Metallurgical Resources in a research note on Wednesday, June 24th. Finally, Zacks Research lowered Alpha Metallurgical Resources from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 5th. Four equities research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Reduce” and an average price target of $195.33.

About Alpha Metallurgical Resources

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.