MetLife Investment Management LLC Sells 112 Shares of Alpha Metallurgical Resources, Inc. $AMR

MetLife Investment Management LLC lowered its position in shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR) by 1.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,509 shares of the energy company’s stock after selling 112 shares during the period. MetLife Investment Management LLC’s holdings in Alpha Metallurgical Resources were worth $815,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the company. AlphaQuest LLC purchased a new position in Alpha Metallurgical Resources during the first quarter valued at approximately $566,000. EntryPoint Capital LLC grew its stake in Alpha Metallurgical Resources by 57.1% during the first quarter. EntryPoint Capital LLC now owns 3,319 shares of the energy company’s stock valued at $416,000 after acquiring an additional 1,206 shares in the last quarter. Hsbc Holdings PLC grew its stake in Alpha Metallurgical Resources by 37.4% during the first quarter. Hsbc Holdings PLC now owns 2,363 shares of the energy company’s stock valued at $290,000 after acquiring an additional 643 shares in the last quarter. Fuller & Thaler Asset Management Inc. grew its stake in Alpha Metallurgical Resources by 50.9% during the first quarter. Fuller & Thaler Asset Management Inc. now owns 136,217 shares of the energy company’s stock valued at $17,061,000 after acquiring an additional 45,934 shares in the last quarter. Finally, Quantbot Technologies LP purchased a new position in Alpha Metallurgical Resources during the first quarter valued at approximately $1,527,000. Hedge funds and other institutional investors own 84.29% of the company’s stock.

Insider Buying and Selling

In other 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 sale, the chief financial officer directly owned 4,466 shares in the company, valued at approximately $701,162. The trade was a 32.34% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, COO Jason E. Whitehead sold 12,004 shares of the company’s stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $161.84, for a total transaction of $1,942,727.36. Following the sale, the chief operating officer owned 9,673 shares of the company’s stock, valued at $1,565,478.32. This represents a 55.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 16.00% of the company’s stock.

Alpha Metallurgical Resources Price Performance

Shares of Alpha Metallurgical Resources stock opened at $145.92 on Friday. Alpha Metallurgical Resources, Inc. has a 1 year low of $97.41 and a 1 year high of $255.04. The firm has a market cap of $1.90 billion, a PE ratio of -51.20 and a beta of 0.64. The company has a 50 day simple moving average of $131.95 and a two-hundred day simple moving average of $125.82.

Alpha Metallurgical Resources (NYSE:AMR) last announced its quarterly earnings data 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. The firm had revenue of $550.27 million during the quarter, compared to analyst estimates of $552.15 million. Alpha Metallurgical Resources had a negative net margin of 1.57% and a negative return on equity of 2.28%. The business’s quarterly revenue was down 31.6% on a year-over-year basis. During the same period in the previous year, the business posted $4.49 EPS. As a group, research analysts anticipate that Alpha Metallurgical Resources, Inc. will post 14.31 earnings per share for the current year.

Analyst Ratings Changes

AMR has been the subject of several recent analyst reports. Jefferies Financial Group boosted their price objective 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. B. Riley reduced 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. 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 analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $160.50.

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.