Alpha Metallurgical Resources, Inc. $AMR Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. trimmed its stake in Alpha Metallurgical Resources, Inc. (NYSE:AMR) by 2.2% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,175,415 shares of the energy company’s stock after selling 25,966 shares during the quarter. Vanguard Group Inc. owned approximately 9.00% of Alpha Metallurgical Resources worth $147,221,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. GAMMA Investing LLC grew its holdings in shares of Alpha Metallurgical Resources by 11,100.3% in the 1st quarter. GAMMA Investing LLC now owns 34,945 shares of the energy company’s stock worth $4,377,000 after acquiring an additional 34,633 shares during the last quarter. Mutual Advisors LLC acquired a new position in shares of Alpha Metallurgical Resources in the 1st quarter worth $603,000. SG Americas Securities LLC grew its holdings in shares of Alpha Metallurgical Resources by 204.5% in the 1st quarter. SG Americas Securities LLC now owns 8,376 shares of the energy company’s stock worth $1,049,000 after acquiring an additional 5,625 shares during the last quarter. DekaBank Deutsche Girozentrale grew its holdings in shares of Alpha Metallurgical Resources by 40.2% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 1,385 shares of the energy company’s stock worth $173,000 after acquiring an additional 397 shares during the last quarter. Finally, Federated Hermes Inc. grew its holdings in shares of Alpha Metallurgical Resources by 59,520.9% in the 1st quarter. Federated Hermes Inc. now owns 25,637 shares of the energy company’s stock worth $3,211,000 after acquiring an additional 25,594 shares during the last quarter. 84.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Alpha Metallurgical Resources

In other Alpha Metallurgical Resources news, COO Jason E. Whitehead sold 12,004 shares of the business’s stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $161.84, for a total value of $1,942,727.36. Following the completion of the sale, the chief operating officer owned 9,673 shares of the company’s stock, valued at $1,565,478.32. The trade was a 55.38% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Joshua Todd Munsey sold 2,135 shares of the business’s stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $157.00, for a total value of $335,195.00. Following the completion of the sale, the chief financial officer directly owned 4,466 shares of the company’s stock, valued at $701,162. This represents a 32.34% decrease in their position. The disclosure for this sale can be found here. 16.00% of the stock is owned by insiders.

Wall Street Analyst Weigh In

AMR has been the topic of a number of recent research reports. Jefferies Financial Group lifted their target price on Alpha Metallurgical Resources from $110.00 to $150.00 and gave the stock a “hold” rating in a report on Monday, August 11th. B. Riley lowered their price target on Alpha Metallurgical Resources from $173.00 to $171.00 and set a “buy” rating on the stock in a report on Tuesday, August 5th. Finally, Wall Street Zen upgraded Alpha Metallurgical Resources from a “sell” rating to a “hold” rating in a report on Saturday, August 16th. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Alpha Metallurgical Resources currently has a consensus rating of “Hold” and a consensus target price of $160.50.

Alpha Metallurgical Resources Trading Up 1.9%

AMR opened at $139.4070 on Thursday. The stock has a market cap of $1.82 billion, a price-to-earnings ratio of -48.91 and a beta of 0.59. Alpha Metallurgical Resources, Inc. has a 1 year low of $97.41 and a 1 year high of $255.04. The stock has a fifty day moving average price of $123.54 and a 200 day moving average price of $129.02.

Alpha Metallurgical Resources (NYSE:AMR) last released its quarterly earnings data on Friday, August 8th. The energy company reported ($0.38) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($2.38) by $2.00. The firm had revenue of $550.27 million during the quarter, compared to analysts’ expectations of $552.15 million. Alpha Metallurgical Resources had a negative return on equity of 2.28% and a negative net margin of 1.57%.The business’s revenue for the quarter was down 31.6% on a year-over-year basis. During the same quarter last year, the firm earned $4.49 earnings per share. As a group, sell-side analysts forecast that Alpha Metallurgical Resources, Inc. will post 14.31 earnings per share for the current fiscal year.

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.