Illinois Municipal Retirement Fund Trims Stake in Alpha Metallurgical Resources, Inc. (NYSE:AMR)

Illinois Municipal Retirement Fund reduced its position in Alpha Metallurgical Resources, Inc. (NYSE:AMR) by 15.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,273 shares of the energy company’s stock after selling 1,171 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Alpha Metallurgical Resources were worth $1,255,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Harbor Capital Advisors Inc. purchased a new stake in Alpha Metallurgical Resources in the 3rd quarter worth about $36,000. FNY Investment Advisers LLC purchased a new stake in Alpha Metallurgical Resources in the 4th quarter worth about $50,000. GAMMA Investing LLC raised its position in Alpha Metallurgical Resources by 127.7% in the 4th quarter. GAMMA Investing LLC now owns 312 shares of the energy company’s stock worth $62,000 after purchasing an additional 175 shares during the period. KBC Group NV raised its position in Alpha Metallurgical Resources by 58.7% in the 4th quarter. KBC Group NV now owns 473 shares of the energy company’s stock worth $95,000 after purchasing an additional 175 shares during the period. Finally, Quest Partners LLC purchased a new stake in Alpha Metallurgical Resources in the 3rd quarter worth about $116,000. 84.29% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Benchmark reissued a “hold” rating on shares of Alpha Metallurgical Resources in a research report on Monday, November 4th.

Alpha Metallurgical Resources Stock Performance

Shares of NYSE:AMR opened at $137.18 on Friday. The firm has a market cap of $1.79 billion, a PE ratio of 5.03 and a beta of 1.43. The firm’s 50 day simple moving average is $183.33 and its 200-day simple moving average is $210.14. Alpha Metallurgical Resources, Inc. has a one year low of $131.57 and a one year high of $397.00.

Alpha Metallurgical Resources (NYSE:AMR) last issued its earnings results on Friday, February 28th. The energy company reported ($0.16) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.09). The company had revenue of $617.30 million for the quarter, compared to analysts’ expectations of $658.20 million. Alpha Metallurgical Resources had a return on equity of 22.65% and a net margin of 11.08%. The business’s revenue was down 35.7% compared to the same quarter last year. During the same period last year, the business posted $12.88 earnings per share. Equities research analysts predict that Alpha Metallurgical Resources, Inc. will post 14.31 EPS for the current fiscal year.

Insider Transactions at Alpha Metallurgical Resources

In related news, Director Kenneth S. Courtis sold 10,621 shares of Alpha Metallurgical Resources stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $228.73, for a total transaction of $2,429,341.33. Following the transaction, the director now directly owns 603,342 shares of the company’s stock, valued at $138,002,415.66. This trade represents a 1.73 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 15.00% 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.