The Vanguard Group, Inc. recently announced the acquisition of new stake in Alpha Metallurgical Resources Inc. (NYSE:AMR). The institutional investor has increased its shareholding in the Basic Materials company by 17.59% to 1.45 million shares with purchase of 0.22 million shares. This fresh investment now brings its stake to 9.07% valued currently at $211.62 million. In addition, Hudson Bay Capital Management LP raised its holdings by 50000.0 to 0.65 million shares. And Dimensional Fund Advisors LP has lifted its position by 36.08% or 92619.0 shares – to 0.35 million shares.
With over 0.29 million Alpha Metallurgical Resources Inc. (AMR) shares trading Tuesday and a closing price of $165.31 on the day, the dollar volume was approximately $47.63 million. The shares have shown a positive half year performance of 24.71% and its price on 01/17/23 gained nearly 5.48%. Currently, there are 17.12M common shares owned by the public and among those 13.00M shares have been available to trade.
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Insiders at the company have transacted a total of 52 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 13 of these insider trades were purchases, accounting for 108,590 shares. Insider sales of the common stock occurred on 39 occasions, with total insider shares sold totaling 287,829 shares.
The top 3 mutual fund holders in Alpha Metallurgical Resources Inc. are SPDR S&P Metals & Mining ETF, Vanguard Total Stock Market Index, and Vanguard Small Cap Index Fund. SPDR S&P Metals & Mining ETF owns 0.59 million shares of the company’s stock, all valued at over $86.46 million. The company bought an additional 12478.0 shares recently to bring their total holdings to about 3.71% of the shares outstanding. Vanguard Total Stock Market Index bought 556.0 shares to see its total holdings expand to 0.44 million shares valued at over $64.98 million and representing 2.78% of the shares outstanding. Vanguard Small Cap Index Fund bought 32.0 shares to bring its total holdings to over 0.38 million shares at a value of $55.62 million. Vanguard Small Cap Index Fund now owns shares totaling to 2.38% of the shares outstanding.
Shares of Alpha Metallurgical Resources Inc. (NYSE: AMR) opened at $158.72, up $2.0 from a prior closing price of $156.72. However, the script later moved the day high at 165.93, up 5.48%. The company’s stock has a 5-day price change of 8.89% and 11.89% over the past three months. AMR shares are trading 12.92% year to date (YTD), with the 12-month market performance up to 143.68% higher. It has a 12-month low price of $54.13 and touched a high of $180.80 over the same period. AMR has an average intraday trading volume of 282.78K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 12.63%, 7.79%, and 14.35% respectively.
Institutional ownership of Alpha Metallurgical Resources Inc. (NYSE: AMR) shares accounts for 75.30% of the company’s 17.12M shares outstanding. Mutual fund holders own 32.71%, while other institutional holders and individual stakeholders account for 42.46% and 16.22% respectively.
It has a market capitalization of $2.55B and a beta (3y monthly) value of 1.31. The stock’s trailing 12-month PE ratio is 2.12, while the earnings-per-share (ttm) stands at $78.07. Price movements for the stock have been influenced by the stock’s volatility, which stands at 5.18% over the week and 4.55% over the month.
Analysts forecast that Alpha Metallurgical Resources Inc. (AMR) will achieve an EPS of $16.81 for the current quarter, $15.05 for the next quarter and $36.09 for 2023. The lowest estimate earnings-per-share for the quarter is $14.86 while analysts give the company a high EPS estimate of $18.77. Comparatively, EPS for the current quarter was $4.4 a year ago. Earnings per share for the fiscal year are expected to increase by 215.20%, and -57.60% over the next financial year.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 3 brokerage firm advisors rate Alpha Metallurgical Resources Inc. (AMR) as a “Moderate Buy” at a consensus score of 2.30. Specifically, 2 Wall Street analysts polled rate the stock as a buy, while 1 of the 3 advise that investors “hold,” and 0 rated it as a “Sell.”
Looking at the support for the AMR, a number of firms have released research notes about the stock. Cowen stated their Outperform rating for the stock in a research note on July 12, 2022, with the firm’s price target at $215. B. Riley Securities coverage for the Alpha Metallurgical Resources Inc. (AMR) stock in a research note released on March 10, 2022 offered a Buy rating with a price target of $155.
