Victory Capital Management Inc. Has $3.95 Million Stake in Alpha Metallurgical Resources, Inc. (NYSE:AMR)

Victory Capital Management Inc. reduced its stake in shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR) by 20.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 11,639 shares of the energy company’s stock after selling 3,057 shares during the quarter. Victory Capital Management Inc.’s holdings in Alpha Metallurgical Resources were worth $3,945,000 as of its most recent filing with the SEC.

Several other large investors have also recently added to or reduced their stakes in the stock. Raymond James & Associates raised its stake in shares of Alpha Metallurgical Resources by 203.8% during the 3rd quarter. Raymond James & Associates now owns 9,546 shares of the energy company’s stock worth $2,479,000 after purchasing an additional 6,404 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Alpha Metallurgical Resources by 20.0% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,376 shares of the energy company’s stock worth $617,000 after purchasing an additional 396 shares during the last quarter. M&T Bank Corp bought a new position in shares of Alpha Metallurgical Resources during the 3rd quarter valued at $259,000. Principal Financial Group Inc. lifted its stake in shares of Alpha Metallurgical Resources by 52.5% in the 3rd quarter. Principal Financial Group Inc. now owns 12,182 shares of the energy company’s stock valued at $3,164,000 after purchasing an additional 4,193 shares during the last quarter. Finally, Barclays PLC boosted its holdings in Alpha Metallurgical Resources by 13.4% in the third quarter. Barclays PLC now owns 25,137 shares of the energy company’s stock worth $6,530,000 after purchasing an additional 2,977 shares in the last quarter. Institutional investors and hedge funds own 84.29% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Benchmark reaffirmed a “hold” rating on shares of Alpha Metallurgical Resources in a research report on Tuesday, May 7th. B. Riley boosted their price target on Alpha Metallurgical Resources from $374.00 to $375.00 and gave the stock a “buy” rating in a research report on Tuesday, May 7th.

Alpha Metallurgical Resources Stock Up 1.0 %

Shares of AMR opened at $289.29 on Thursday. Alpha Metallurgical Resources, Inc. has a 12-month low of $132.72 and a 12-month high of $452.00. The firm has a market capitalization of $3.76 billion, a price-to-earnings ratio of 7.01 and a beta of 1.38. The stock’s 50-day moving average price is $321.96 and its 200 day moving average price is $327.71.

Alpha Metallurgical Resources (NYSE:AMR) last issued its quarterly earnings results on Monday, May 6th. The energy company reported $9.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $9.61 by ($0.02). Alpha Metallurgical Resources had a net margin of 16.89% and a return on equity of 36.77%. The firm had revenue of $864.07 million for the quarter, compared to the consensus estimate of $845.35 million. During the same quarter in the prior year, the firm earned $17.01 earnings per share. The company’s revenue was down 5.2% on a year-over-year basis. Equities research analysts expect that Alpha Metallurgical Resources, Inc. will post 28.91 EPS for the current year.

Insider Buying and Selling at Alpha Metallurgical Resources

In other Alpha Metallurgical Resources news, Director David J. Stetson sold 30,694 shares of Alpha Metallurgical Resources stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $392.30, for a total transaction of $12,041,256.20. Following the sale, the director now directly owns 26,054 shares of the company’s stock, valued at $10,220,984.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Alpha Metallurgical Resources news, Director David J. Stetson sold 30,694 shares of Alpha Metallurgical Resources stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $392.30, for a total transaction of $12,041,256.20. Following the sale, the director now directly owns 26,054 shares of the company’s stock, valued at $10,220,984.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Daniel E. Horn sold 100 shares of Alpha Metallurgical Resources stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $360.29, for a total value of $36,029.00. Following the sale, the insider now directly owns 6,462 shares in the company, valued at $2,328,193.98. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 157,564 shares of company stock valued at $56,522,531. 16.40% of the stock is currently owned by corporate insiders.

Alpha Metallurgical Resources Company 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.