Campbell & CO Investment Adviser LLC Sells 7,508 Shares of Alpha Metallurgical Resources, Inc. $AMR

Campbell & CO Investment Adviser LLC trimmed its holdings in shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR) by 71.1% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,059 shares of the energy company’s stock after selling 7,508 shares during the quarter. Campbell & CO Investment Adviser LLC’s holdings in Alpha Metallurgical Resources were worth $344,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the stock. AQR Capital Management LLC grew its holdings in shares of Alpha Metallurgical Resources by 267.9% during the first quarter. AQR Capital Management LLC now owns 42,161 shares of the energy company’s stock worth $5,281,000 after buying an additional 30,700 shares in the last quarter. 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 acquiring an additional 25,594 shares in the last quarter. LPL Financial LLC acquired a new position in Alpha Metallurgical Resources during the 1st quarter worth approximately $1,618,000. Caxton Associates LLP bought a new position in shares of Alpha Metallurgical Resources during the 1st quarter worth approximately $450,000. Finally, AlphaQuest LLC bought a new position in shares of Alpha Metallurgical Resources during the 1st quarter worth approximately $566,000. Institutional investors own 84.29% of the company’s stock.

Insider Buying and Selling

In related news, Director Kenneth S. Courtis purchased 55,000 shares of the firm’s stock in a transaction that occurred on Friday, September 12th. The shares were acquired at an average price of $142.64 per share, for a total transaction of $7,845,200.00. Following the purchase, the director owned 681,537 shares in the company, valued at approximately $97,214,437.68. This represents a 8.78% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 16.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the stock. Wall Street Zen raised shares of Alpha Metallurgical Resources from a “sell” rating to a “hold” rating in a research report on Saturday, August 16th. Jefferies Financial Group increased their price objective on shares of Alpha Metallurgical Resources from $110.00 to $150.00 and gave the stock a “hold” rating in a research note on Monday, August 11th. B. Riley decreased their price objective on Alpha Metallurgical Resources from $173.00 to $171.00 and set a “buy” rating for the company in a report on Tuesday, August 5th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Alpha Metallurgical Resources in a report on Thursday, October 30th. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $160.50.

Alpha Metallurgical Resources Trading Down 0.3%

AMR opened at $159.00 on Monday. The stock’s fifty day simple moving average is $162.02 and its 200 day simple moving average is $137.68. Alpha Metallurgical Resources, Inc. has a 1-year low of $97.41 and a 1-year high of $255.04. The stock has a market cap of $2.04 billion, a PE ratio of -44.66 and a beta of 0.89.

Alpha Metallurgical Resources (NYSE:AMR) last released its quarterly earnings data on Thursday, November 6th. The energy company reported ($0.42) EPS for the quarter, missing analysts’ consensus estimates of ($0.35) by ($0.07). The company had revenue of $526.78 million for the quarter, compared to the consensus estimate of $543.77 million. Alpha Metallurgical Resources had a negative return on equity of 2.88% and a negative net margin of 2.09%.The company’s revenue for the quarter was down 21.6% compared to the same quarter last year. During the same period last year, the firm earned $0.29 earnings per share. Equities analysts forecast that Alpha Metallurgical Resources, Inc. will post 14.31 earnings per share for the current year.

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.