Simplicity Solutions LLC Makes New $408,000 Investment in Alpha Metallurgical Resources, Inc. (NYSE:AMR)

Simplicity Solutions LLC acquired a new stake in Alpha Metallurgical Resources, Inc. (NYSE:AMR) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 1,204 shares of the energy company’s stock, valued at approximately $408,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Fuller & Thaler Asset Management Inc. acquired a new stake in Alpha Metallurgical Resources in the 3rd quarter valued at $128,857,000. Pacer Advisors Inc. purchased a new stake in shares of Alpha Metallurgical Resources during the fourth quarter worth about $139,291,000. Renaissance Technologies LLC increased its stake in shares of Alpha Metallurgical Resources by 545.5% during the first quarter. Renaissance Technologies LLC now owns 304,115 shares of the energy company’s stock worth $40,131,000 after purchasing an additional 257,000 shares in the last quarter. Envestnet Asset Management Inc. lifted its stake in Alpha Metallurgical Resources by 13,521.9% in the 1st quarter. Envestnet Asset Management Inc. now owns 222,855 shares of the energy company’s stock valued at $39,000 after buying an additional 221,219 shares in the last quarter. Finally, Vanguard Group Inc. boosted its holdings in Alpha Metallurgical Resources by 17.0% in the 3rd quarter. Vanguard Group Inc. now owns 1,492,124 shares of the energy company’s stock worth $204,182,000 after buying an additional 216,652 shares during the last quarter. 84.29% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Alpha Metallurgical Resources

In related news, Director Kenneth S. Courtis sold 22,802 shares of the stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $302.81, for a total value of $6,904,673.62. Following the completion of the sale, the director now owns 638,234 shares of the company’s stock, valued at $193,263,637.54. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, Director Kenneth S. Courtis sold 22,802 shares of the business’s stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $302.81, for a total transaction of $6,904,673.62. Following the transaction, the director now owns 638,234 shares of the company’s stock, valued at approximately $193,263,637.54. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Daniel E. Horn sold 100 shares of the firm’s stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $360.29, for a total transaction of $36,029.00. Following the sale, the insider now owns 6,462 shares of the company’s stock, valued at $2,328,193.98. The disclosure for this sale can be found here. Insiders have sold a total of 153,971 shares of company stock worth $55,479,986 in the last ninety days. Insiders own 15.00% of the company’s stock.

Wall Street Analyst Weigh In

Separately, B. Riley reduced their target price on Alpha Metallurgical Resources from $381.00 to $374.00 and set a “buy” rating for the company in a report on Monday, April 15th.

Alpha Metallurgical Resources Stock Down 2.2 %

Shares of AMR opened at $329.73 on Friday. Alpha Metallurgical Resources, Inc. has a 52-week low of $132.72 and a 52-week high of $452.00. The stock has a market cap of $4.29 billion, a PE ratio of 6.77 and a beta of 1.35. The firm’s fifty day moving average is $347.09 and its two-hundred day moving average is $316.74.

Alpha Metallurgical Resources (NYSE:AMR) last posted its quarterly earnings results on Monday, February 26th. The energy company reported $12.88 earnings per share for the quarter, topping the consensus estimate of $8.78 by $4.10. The firm had revenue of $959.90 million for the quarter, compared to the consensus estimate of $796.65 million. Alpha Metallurgical Resources had a net margin of 20.80% and a return on equity of 46.22%. The company’s revenue for the quarter was up 16.6% on a year-over-year basis. During the same period last year, the firm posted $13.37 earnings per share. As a group, research analysts anticipate that Alpha Metallurgical Resources, Inc. will post 29.82 earnings per share for the current year.

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.