Russell Investments Group Ltd. Sells 6,648 Shares of Alpha Metallurgical Resources, Inc. $AMR

Russell Investments Group Ltd. lowered its position in Alpha Metallurgical Resources, Inc. (NYSE:AMR) by 72.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,580 shares of the energy company’s stock after selling 6,648 shares during the quarter. Russell Investments Group Ltd.’s holdings in Alpha Metallurgical Resources were worth $323,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. Northern Trust Corp raised its position in Alpha Metallurgical Resources by 6.0% in the 4th quarter. Northern Trust Corp now owns 121,652 shares of the energy company’s stock worth $24,345,000 after purchasing an additional 6,905 shares during the period. Goehring & Rozencwajg Associates LLC boosted its position in shares of Alpha Metallurgical Resources by 2.6% during the first quarter. Goehring & Rozencwajg Associates LLC now owns 73,689 shares of the energy company’s stock valued at $9,212,000 after buying an additional 1,889 shares during the period. Hosking Partners LLP grew its stake in shares of Alpha Metallurgical Resources by 8.7% during the first quarter. Hosking Partners LLP now owns 60,014 shares of the energy company’s stock valued at $7,517,000 after buying an additional 4,794 shares during the last quarter. Wellington Management Group LLP raised its holdings in shares of Alpha Metallurgical Resources by 17.3% in the fourth quarter. Wellington Management Group LLP now owns 56,901 shares of the energy company’s stock worth $11,387,000 after buying an additional 8,386 shares during the period. Finally, Principal Financial Group Inc. lifted its stake in shares of Alpha Metallurgical Resources by 2.3% during the 1st quarter. Principal Financial Group Inc. now owns 54,592 shares of the energy company’s stock worth $6,838,000 after acquiring an additional 1,234 shares during the last quarter. 84.29% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Alpha Metallurgical Resources

In related news, CFO Joshua Todd Munsey sold 2,135 shares of the business’s stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $157.00, for a total value 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. The trade was a 32.34% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO Jason E. Whitehead sold 12,004 shares of the company’s stock in a transaction on 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 sale, the chief operating officer owned 9,673 shares of the company’s stock, valued at approximately $1,565,478.32. This represents a 55.38% decrease in their position. The disclosure for this sale can be found here. Company insiders own 16.00% of the company’s stock.

Alpha Metallurgical Resources Price Performance

AMR stock opened at $149.68 on Tuesday. Alpha Metallurgical Resources, Inc. has a 1-year low of $97.41 and a 1-year high of $255.04. The business has a 50-day moving average price of $128.90 and a 200 day moving average price of $126.29. The company has a market capitalization of $1.95 billion, a P/E ratio of -52.52 and a beta of 0.64.

Alpha Metallurgical Resources (NYSE:AMR) last posted its earnings results on Friday, August 8th. The energy company reported ($0.38) EPS for the quarter, beating 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 for the quarter, compared to the consensus estimate of $552.15 million. During the same quarter last year, the firm posted $4.49 EPS. The company’s revenue for the quarter was down 31.6% on a year-over-year basis. On average, analysts anticipate that Alpha Metallurgical Resources, Inc. will post 14.31 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have commented on AMR shares. Jefferies Financial Group upped their price objective on Alpha Metallurgical Resources from $110.00 to $150.00 and gave the company a “hold” rating in a research report on Monday, August 11th. 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. Finally, B. Riley reduced their price target on shares of Alpha Metallurgical Resources from $173.00 to $171.00 and set a “buy” rating on the stock in a research note on Tuesday, August 5th. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $160.50.

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.