Russell Investments Group Ltd. lessened its holdings in Alpha Metallurgical Resources, Inc. (NYSE:AMR – Get Rating) by 31.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,838 shares of the energy company’s stock after selling 1,730 shares during the quarter. Russell Investments Group Ltd.’s holdings in Alpha Metallurgical Resources were worth $562,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Captrust Financial Advisors lifted its holdings in shares of Alpha Metallurgical Resources by 344.0% in the 1st quarter. Captrust Financial Advisors now owns 222 shares of the energy company’s stock valued at $29,000 after buying an additional 172 shares during the period. Macquarie Group Ltd. purchased a new stake in Alpha Metallurgical Resources in the 2nd quarter worth approximately $32,000. Lansing Street Advisors acquired a new stake in shares of Alpha Metallurgical Resources during the 4th quarter worth approximately $43,000. Public Employees Retirement System of Ohio increased its holdings in shares of Alpha Metallurgical Resources by 34.5% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 554 shares of the energy company’s stock valued at $76,000 after purchasing an additional 142 shares in the last quarter. Finally, FNY Investment Advisers LLC lifted its stake in shares of Alpha Metallurgical Resources by 500.0% in the 4th quarter. FNY Investment Advisers LLC now owns 600 shares of the energy company’s stock valued at $87,000 after purchasing an additional 500 shares during the period. 81.21% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Separately, Cowen lifted their price target on Alpha Metallurgical Resources from $200.00 to $210.00 in a research note on Monday, February 27th.
Insider Activity at Alpha Metallurgical Resources
In other Alpha Metallurgical Resources news, Chairman David J. Stetson sold 20,000 shares of the company’s stock in a transaction on Tuesday, March 7th. The stock was sold at an average price of $179.37, for a total transaction of $3,587,400.00. Following the transaction, the chairman now directly owns 81,913 shares in the company, valued at $14,692,734.81. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 15.00% of the stock is owned by insiders.
Alpha Metallurgical Resources Price Performance
Alpha Metallurgical Resources stock opened at $137.88 on Monday. The company has a current ratio of 3.45, a quick ratio of 2.61 and a debt-to-equity ratio of 0.01. The company has a 50-day moving average price of $151.77 and a 200 day moving average price of $157.06. Alpha Metallurgical Resources, Inc. has a 12-month low of $103.90 and a 12-month high of $186.98. The stock has a market cap of $2.00 billion, a P/E ratio of 1.85 and a beta of 1.25.
Alpha Metallurgical Resources (NYSE:AMR – Get Rating) last released its quarterly earnings results on Monday, May 8th. The energy company reported $17.01 EPS for the quarter, beating the consensus estimate of $14.22 by $2.79. The firm had revenue of $911.24 million for the quarter, compared to analyst estimates of $858.50 million. Alpha Metallurgical Resources had a net margin of 33.46% and a return on equity of 93.04%. During the same quarter in the previous year, the company earned $20.52 EPS. Sell-side analysts anticipate that Alpha Metallurgical Resources, Inc. will post 48.96 earnings per share for the current year.
Alpha Metallurgical Resources Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 5th. Investors of record on Thursday, June 15th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.45%. This is an increase from Alpha Metallurgical Resources’s previous quarterly dividend of $0.44. The ex-dividend date of this dividend is Wednesday, June 14th. Alpha Metallurgical Resources’s dividend payout ratio (DPR) is presently 2.36%.
About Alpha Metallurgical Resources
Alpha Metallurgical Resources, Inc is a mining company. It engages in the provision of met and thermal coal. The firm operates through the following business segments: Met, CAPP-Thermal, and All Other. The Met segment consists of met coal mines, including Deep Mine 41, Road Fork 52, Black Eagle, and Lynn Branch.
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