Gladius Capital Management LP Decreases Position in Alpha Metallurgical Resources, Inc. (NYSE:AMR)

Gladius Capital Management LP decreased its holdings in Alpha Metallurgical Resources, Inc. (NYSE:AMR) by 34.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 136 shares of the energy company’s stock after selling 72 shares during the quarter. Gladius Capital Management LP’s holdings in Alpha Metallurgical Resources were worth $46,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in AMR. GAMMA Investing LLC acquired a new stake in shares of Alpha Metallurgical Resources during the fourth quarter worth $33,000. Wetzel Investment Advisors Inc. acquired a new stake in Alpha Metallurgical Resources during the 4th quarter worth about $34,000. DekaBank Deutsche Girozentrale purchased a new stake in Alpha Metallurgical Resources during the 3rd quarter valued at about $132,000. CI Investments Inc. purchased a new stake in Alpha Metallurgical Resources during the 3rd quarter valued at about $188,000. Finally, Kingsview Wealth Management LLC acquired a new position in shares of Alpha Metallurgical Resources in the third quarter valued at about $210,000. 84.29% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on AMR. B. Riley upped their target price on Alpha Metallurgical Resources from $374.00 to $375.00 and gave the company a “buy” rating in a research report on Tuesday. Benchmark reaffirmed a “hold” rating on shares of Alpha Metallurgical Resources in a report on Tuesday.

Alpha Metallurgical Resources Trading Down 0.6 %

Shares of NYSE AMR traded down $1.91 during trading on Thursday, reaching $298.58. 181,808 shares of the company traded hands, compared to its average volume of 240,113. The stock has a market cap of $3.88 billion, a P/E ratio of 7.23 and a beta of 1.38. The firm’s fifty day simple moving average is $329.22 and its 200 day simple moving average is $325.04. Alpha Metallurgical Resources, Inc. has a 12-month low of $132.72 and a 12-month high of $452.00.

Alpha Metallurgical Resources (NYSE:AMR) last posted its earnings results on Monday, May 6th. The energy company reported $9.59 earnings per share for the quarter, missing the consensus estimate of $9.61 by ($0.02). The firm had revenue of $864.07 million for the quarter, compared to analysts’ expectations of $845.35 million. Alpha Metallurgical Resources had a net margin of 20.80% and a return on equity of 46.22%. Alpha Metallurgical Resources’s revenue for the quarter was down 5.2% compared to the same quarter last year. During the same period last year, the firm earned $17.01 earnings per share. As a group, research analysts expect that Alpha Metallurgical Resources, Inc. will post 29.82 EPS for the current year.

Insiders Place Their Bets

In other news, CAO Roger Lee Nicholson sold 6,629 shares of the firm’s stock in a transaction dated 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 legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director David J. Stetson sold 30,694 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the director now directly owns 26,054 shares in the company, valued at $10,220,984.20. The transaction was disclosed in a document filed 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 that occurred 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 transaction, the chief accounting officer now owns 10,720 shares in the company, valued at approximately $3,963,291.20. The disclosure for this sale can be found here. Over the last quarter, insiders sold 153,971 shares of company stock worth $55,479,986. Company insiders own 15.00% of the company’s stock.

Alpha Metallurgical Resources 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.