Kapitalo Investimentos Ltda Buys Shares of 1,530 Alpha Metallurgical Resources, Inc. (NYSE:AMR)

Kapitalo Investimentos Ltda acquired a new position in shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 1,530 shares of the energy company’s stock, valued at approximately $519,000.

Other institutional investors also recently added to or reduced their stakes in the company. Fuller & Thaler Asset Management Inc. bought a new stake in shares of Alpha Metallurgical Resources in the 3rd quarter valued at about $128,857,000. Pacer Advisors Inc. purchased a new position in Alpha Metallurgical Resources in the fourth quarter worth $139,291,000. Dalal Street LLC increased its position in shares of Alpha Metallurgical Resources by 21.7% during the third quarter. Dalal Street LLC now owns 441,510 shares of the energy company’s stock worth $114,673,000 after purchasing an additional 78,861 shares in the last quarter. Invesco Ltd. lifted its holdings in shares of 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 purchasing an additional 74,583 shares during the last quarter. Finally, Norges Bank acquired a new stake in shares of Alpha Metallurgical Resources in the 4th quarter worth $21,900,000. Institutional investors own 84.29% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. B. Riley raised their price target on Alpha Metallurgical Resources from $374.00 to $375.00 and gave the stock a “buy” rating in a report on Tuesday, May 7th. Benchmark reaffirmed a “hold” rating on shares of Alpha Metallurgical Resources in a research report on Tuesday, May 7th.

Alpha Metallurgical Resources Stock Performance

Alpha Metallurgical Resources stock traded up $0.67 during midday trading on Tuesday, hitting $294.60. 17,614 shares of the company were exchanged, compared to its average volume of 219,960. Alpha Metallurgical Resources, Inc. has a fifty-two week low of $151.24 and a fifty-two week high of $452.00. The business has a fifty day simple moving average of $312.83 and a two-hundred day simple moving average of $337.96. The firm has a market capitalization of $3.83 billion, a PE ratio of 7.12 and a beta of 1.33.

Alpha Metallurgical Resources (NYSE:AMR) last posted its earnings results on Monday, May 6th. The energy company reported $9.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $9.61 by ($0.02). The firm had revenue of $864.07 million during the quarter, compared to analyst estimates of $845.35 million. Alpha Metallurgical Resources had a net margin of 16.89% and a return on equity of 36.77%. The business’s revenue for the quarter was down 5.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $17.01 earnings per share. As a group, equities analysts expect that Alpha Metallurgical Resources, Inc. will post 28.91 earnings per share for the current year.

Insider Transactions at Alpha Metallurgical Resources

In related news, CAO Roger Lee Nicholson sold 3,593 shares of Alpha Metallurgical Resources stock in a transaction dated Tuesday, May 14th. The stock was sold at an average price of $290.16, for a total value of $1,042,544.88. Following the completion of the transaction, the chief accounting officer now owns 6,127 shares in the company, valued at approximately $1,777,810.32. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 16.40% of the company’s stock.

About Alpha Metallurgical Resources

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.