Charles Schwab Investment Management Inc. Sells 4,063 Shares of Alpha Metallurgical Resources, Inc. $AMR

Charles Schwab Investment Management Inc. decreased its stake in Alpha Metallurgical Resources, Inc. (NYSE:AMR) by 2.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 179,456 shares of the energy company’s stock after selling 4,063 shares during the period. Charles Schwab Investment Management Inc. owned about 1.37% of Alpha Metallurgical Resources worth $22,477,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. New Age Alpha Advisors LLC lifted its stake in Alpha Metallurgical Resources by 12,200.0% in the 1st quarter. New Age Alpha Advisors LLC now owns 24,846 shares of the energy company’s stock valued at $3,112,000 after purchasing an additional 24,644 shares during the last quarter. Malaga Cove Capital LLC lifted its stake in Alpha Metallurgical Resources by 43.9% in the 1st quarter. Malaga Cove Capital LLC now owns 4,506 shares of the energy company’s stock valued at $564,000 after purchasing an additional 1,374 shares during the last quarter. Vestcor Inc lifted its stake in Alpha Metallurgical Resources by 65.0% in the 1st quarter. Vestcor Inc now owns 3,300 shares of the energy company’s stock valued at $413,000 after purchasing an additional 1,300 shares during the last quarter. GSA Capital Partners LLP bought a new position in Alpha Metallurgical Resources in the 1st quarter valued at approximately $866,000. Finally, Federated Hermes Inc. lifted its stake in 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 valued at $3,211,000 after purchasing an additional 25,594 shares during the last quarter. Institutional investors own 84.29% of the company’s stock.

Alpha Metallurgical Resources Stock Down 0.8%

Shares of NYSE AMR opened at $138.3340 on Friday. Alpha Metallurgical Resources, Inc. has a twelve month low of $97.41 and a twelve month high of $255.04. The firm has a fifty day simple moving average of $124.11 and a 200 day simple moving average of $128.73. The company has a market capitalization of $1.81 billion, a PE ratio of -48.54 and a beta of 0.59.

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

Analysts Set New Price Targets

Several equities analysts recently commented on AMR shares. B. Riley dropped their price objective on shares of Alpha Metallurgical Resources from $173.00 to $171.00 and set a “buy” rating for the company in a research note on Tuesday, August 5th. Jefferies Financial Group raised their price target on shares of Alpha Metallurgical Resources from $110.00 to $150.00 and gave the company a “hold” rating in a research note on Monday, August 11th. Finally, Wall Street Zen raised shares of Alpha Metallurgical Resources from a “sell” rating to a “hold” rating in a research note on Saturday, August 16th. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, Alpha Metallurgical Resources presently has an average rating of “Hold” and a consensus price target of $160.50.

Insiders Place Their Bets

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

About Alpha Metallurgical Resources

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.