Hosking Partners LLP increased its investment in **Alpha Metallurgical Resources, Inc.** by **3.9%** during the third quarter of 2023. According to the latest **13F filing** with the **Securities and Exchange Commission (SEC)**, the institutional investor now holds **75,006 shares** of the energy company after acquiring an additional **2,816 shares**. The total value of Hosking Partners’ holdings in Alpha Metallurgical is approximately **$12.31 million** as of the end of the quarter.
Several other institutional investors have also adjusted their positions in Alpha Metallurgical. **Financial Management Professionals Inc.** purchased a new stake worth around **$25,000** in the third quarter. Meanwhile, **CWM LLC** increased its holdings by **146.0%**, bringing its total to **246 shares** valued at **$40,000** after acquiring **146 additional shares**. **Farther Finance Advisors LLC** raised its stake by **48.9%** to **265 shares**, worth **$43,000**, following the addition of **87 shares**.
**GAMMA Investing LLC** also expanded its position by **26.5%**, now owning **391 shares** valued at **$64,000** after acquiring **82 shares**. In the second quarter, **Blue Trust Inc.** lifted its stake by **68.0%**, resulting in ownership of **914 shares** worth **$103,000**. Overall, institutional investors control **84.29%** of Alpha Metallurgical’s stock.
Analyst Ratings and Stock Performance
In a separate analysis, **Weiss Ratings** maintained a “sell” rating on Alpha Metallurgical Resources as of **December 29, 2023**. The stock has received mixed evaluations from analysts, with one analyst issuing a Buy rating, another a Hold, and a third a Sell. The average rating is currently a Hold, with a consensus target price of **$160.50**.
On **December 28, 2023**, Alpha Metallurgical Resources opened trading at **$222.81**. The company’s stock has a **fifty-day moving average** of **$181.00** and a **two-hundred-day moving average** of **$155.54**. With a market capitalization of **$2.87 billion**, the company has a **P/E ratio** of **-62.59** and a beta of **0.79**. Over the past year, the stock has fluctuated between a low of **$97.41** and a high of **$225.47**.
In its most recent earnings report released on **November 6, 2023**, Alpha Metallurgical reported an **earnings per share (EPS)** of **($0.42)**, which fell short of analyst expectations of **($0.35)** by **$0.07**. The company generated revenue of **$526.78 million**, which was below the anticipated **$543.77 million**. This represented a **21.6%** decline in revenue compared to the same quarter from the previous year when the company recorded an EPS of **$0.29**.
Insider Transactions
In other corporate developments, **Daniel E. Horn**, an insider at Alpha Metallurgical, sold **8,125 shares** on **December 11, 2023**, at an average price of **$188.32**, totaling **$1,530,100**. Following this transaction, Horn retains **4,989 shares**, valued at approximately **$939,528.48**, reflecting a **61.96%** decrease in his position.
Conversely, **Michael Gorzynski**, a director of the company, purchased **38,576 shares** on **December 15, 2023**, at an average cost of **$188.50** per share, amounting to **$7,271,576**. After this acquisition, Gorzynski directly owns **644,025 shares**, valued at **$121,398,712.50**, marking a **6.37%** increase in his stake.
Over the last 90 days, insiders have acquired a total of **98,576 shares** valued at **$17,994,174**, with corporate insiders holding **16.00%** of the company’s stock.
Alpha Metallurgical Resources, Inc., based in **Bristol, Virginia**, is a leading producer of high-grade metallurgical coal, primarily servicing the global steelmaking industry. The company operates multiple underground and surface mining complexes across the central Appalachian and Illinois basins, focusing on premium raw and semi-soft coking coal products that meet the specifications of steel producers worldwide. Formed in **July 2021** from the spin-out of **Contura Energy’s** metallurgical coal business, Alpha Metallurgical has developed a reputation for operational excellence and cost-effective mining practices.
