Alpha Metallurgical Resources, Inc. (NYSE:AMR) Shares Sold by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale decreased its holdings in Alpha Metallurgical Resources, Inc. (NYSE:AMR) by 20.0% in the fourth quarter, Holdings Channel reports. The fund owned 397 shares of the energy company’s stock after selling 99 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Alpha Metallurgical Resources were worth $133,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings in shares of Alpha Metallurgical Resources by 17.0% during 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. State Street Corp increased its holdings in shares of Alpha Metallurgical Resources by 23.4% during the 2nd quarter. State Street Corp now owns 933,025 shares of the energy company’s stock worth $120,755,000 after buying an additional 176,742 shares during the last quarter. Hudson Bay Capital Management LP increased its holdings in shares of Alpha Metallurgical Resources by 12.1% during the 1st quarter. Hudson Bay Capital Management LP now owns 533,032 shares of the energy company’s stock worth $83,153,000 after buying an additional 57,350 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Alpha Metallurgical Resources by 37.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 516,791 shares of the energy company’s stock worth $80,617,000 after buying an additional 141,472 shares during the last quarter. Finally, Fuller & Thaler Asset Management Inc. acquired a new stake in shares of Alpha Metallurgical Resources during the 3rd quarter worth approximately $128,857,000. Institutional investors and hedge funds own 84.29% of the company’s stock.

Alpha Metallurgical Resources Stock Performance

Alpha Metallurgical Resources stock opened at $342.25 on Thursday. Alpha Metallurgical Resources, Inc. has a fifty-two week low of $132.72 and a fifty-two week high of $452.00. The firm has a 50 day moving average price of $348.56 and a 200 day moving average price of $316.05. The company has a market capitalization of $4.45 billion, a PE ratio of 7.03 and a beta of 1.35.

Alpha Metallurgical Resources (NYSE:AMR) last posted its earnings results on Monday, February 26th. The energy company reported $12.88 earnings per share for the quarter, beating the consensus estimate of $8.78 by $4.10. Alpha Metallurgical Resources had a net margin of 20.80% and a return on equity of 46.22%. The firm had revenue of $959.90 million during the quarter, compared to the consensus estimate of $796.65 million. During the same quarter last year, the firm earned $13.37 EPS. The firm’s revenue for the quarter was up 16.6% on a year-over-year basis. As a group, equities research analysts forecast that Alpha Metallurgical Resources, Inc. will post 37.3 earnings per share for the current year.

Insider Activity at Alpha Metallurgical Resources

In related news, Director Kenneth S. Courtis sold 22,802 shares of Alpha Metallurgical Resources stock in a transaction that occurred on Thursday, March 14th. The shares were 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 in the company, valued at approximately $193,263,637.54. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Alpha Metallurgical Resources news, CAO Roger Lee Nicholson sold 6,629 shares of the firm’s stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $369.71, for a total value of $2,450,807.59. Following the completion of the transaction, the chief accounting officer now owns 10,720 shares of the company’s stock, valued at approximately $3,963,291.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Kenneth S. Courtis sold 22,802 shares of the firm’s stock in a transaction that occurred on 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 completion of the transaction, the director now directly owns 638,234 shares of the company’s stock, valued at approximately $193,263,637.54. The disclosure for this sale can be found here. In the last quarter, insiders sold 153,971 shares of company stock worth $55,479,986. Insiders own 16.40% of the company’s stock.

Analyst Upgrades and Downgrades

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

Alpha Metallurgical Resources Profile

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.