Alpha Metallurgical Resources, Inc. $AMR Position Trimmed by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale lessened its holdings in shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR) by 28.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 988 shares of the energy company’s stock after selling 397 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Alpha Metallurgical Resources were worth $111,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of AMR. Signaturefd LLC grew its stake in Alpha Metallurgical Resources by 306.1% during the 1st quarter. Signaturefd LLC now owns 199 shares of the energy company’s stock valued at $25,000 after acquiring an additional 150 shares in the last quarter. Summit Securities Group LLC purchased a new position in Alpha Metallurgical Resources during the 1st quarter valued at about $38,000. CWM LLC grew its stake in Alpha Metallurgical Resources by 1,205.1% during the 1st quarter. CWM LLC now owns 509 shares of the energy company’s stock valued at $64,000 after acquiring an additional 470 shares in the last quarter. Caitong International Asset Management Co. Ltd purchased a new position in Alpha Metallurgical Resources during the 1st quarter valued at about $93,000. Finally, Blue Trust Inc. grew its stake in Alpha Metallurgical Resources by 68.0% during the 2nd quarter. Blue Trust Inc. now owns 914 shares of the energy company’s stock valued at $103,000 after acquiring an additional 370 shares in the last quarter. Hedge funds and other institutional investors own 84.29% of the company’s stock.

Insiders Place Their Bets

In other news, COO Jason E. Whitehead sold 12,004 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the chief operating officer directly owned 9,673 shares in the company, 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 can be accessed through the SEC website. Also, CFO Joshua Todd Munsey sold 2,135 shares of the company’s stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $157.00, for a total value of $335,195.00. Following the transaction, the chief financial officer owned 4,466 shares of the company’s stock, valued at approximately $701,162. This trade represents a 32.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 16.00% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Weiss Ratings reissued a “sell (d)” rating on shares of Alpha Metallurgical Resources in a research note on Wednesday, October 8th. Jefferies Financial Group boosted their price target on 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 lowered their price target on 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 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, two have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Alpha Metallurgical Resources presently has a consensus rating of “Hold” and an average target price of $160.50.

Alpha Metallurgical Resources Stock Up 0.2%

Shares of Alpha Metallurgical Resources stock opened at $164.58 on Tuesday. The stock has a market capitalization of $2.15 billion, a P/E ratio of -57.75 and a beta of 0.94. The stock has a 50 day moving average price of $154.95 and a two-hundred day moving average price of $133.05. Alpha Metallurgical Resources, Inc. has a 12-month low of $97.41 and a 12-month high of $255.04.

Alpha Metallurgical Resources (NYSE:AMR) last announced its earnings results on Friday, August 8th. The energy company reported ($0.38) earnings per share (EPS) 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 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 company’s revenue was down 31.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $4.49 earnings per share. Sell-side analysts anticipate that Alpha Metallurgical Resources, Inc. will post 14.31 earnings per share for the current year.

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.