Alpha Metallurgical Resources, Inc. $AMR Shares Sold by Linden Thomas Advisory Services LLC

Linden Thomas Advisory Services LLC lessened its holdings in Alpha Metallurgical Resources, Inc. (NYSE:AMR) by 1.5% during the 2nd quarter, Holdings Channel reports. The firm owned 7,624 shares of the energy company’s stock after selling 116 shares during the quarter. Linden Thomas Advisory Services LLC’s holdings in Alpha Metallurgical Resources were worth $858,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. First Citizens Bank & Trust Co. acquired a new position in shares of Alpha Metallurgical Resources during the 2nd quarter worth approximately $481,000. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in Alpha Metallurgical Resources during the second quarter worth $531,000. Stratos Wealth Advisors LLC raised its holdings in shares of Alpha Metallurgical Resources by 49.0% in the second quarter. Stratos Wealth Advisors LLC now owns 15,966 shares of the energy company’s stock worth $1,796,000 after acquiring an additional 5,247 shares during the last quarter. Allianz Asset Management GmbH lifted its position in shares of Alpha Metallurgical Resources by 495.1% in the second quarter. Allianz Asset Management GmbH now owns 11,307 shares of the energy company’s stock valued at $1,272,000 after acquiring an additional 9,407 shares in the last quarter. Finally, Mutual Advisors LLC boosted its stake in shares of Alpha Metallurgical Resources by 57.7% during the second quarter. Mutual Advisors LLC now owns 7,535 shares of the energy company’s stock valued at $848,000 after acquiring an additional 2,757 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 other news, COO Jason E. Whitehead sold 12,004 shares of the firm’s stock in a transaction dated 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 transaction, the chief operating officer directly owned 9,673 shares in the company, valued at $1,565,478.32. This trade represents a 55.38% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Kenneth S. Courtis bought 55,000 shares of the firm’s stock in a transaction dated Friday, September 12th. The shares were purchased at an average price of $142.64 per share, with a total value of $7,845,200.00. Following the acquisition, the director directly owned 681,537 shares in the company, valued at approximately $97,214,437.68. This trade represents a 8.78% increase in their position. The disclosure for this purchase can be found here. 16.00% of the stock is owned by insiders.

Alpha Metallurgical Resources Stock Performance

Alpha Metallurgical Resources stock opened at $164.83 on Monday. Alpha Metallurgical Resources, Inc. has a 1 year low of $97.41 and a 1 year high of $255.04. The firm has a 50 day moving average price of $154.48 and a 200 day moving average price of $132.71. The company has a market cap of $2.15 billion, a price-to-earnings ratio of -57.84 and a beta of 0.94.

Alpha Metallurgical Resources (NYSE:AMR) last posted its quarterly 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 company 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 earnings per share. Alpha Metallurgical Resources’s revenue was down 31.6% on a year-over-year basis. Sell-side analysts predict that Alpha Metallurgical Resources, Inc. will post 14.31 EPS for the current year.

Analyst Ratings Changes

Several brokerages recently weighed in on AMR. Jefferies Financial Group boosted their target price 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. 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. Weiss Ratings restated a “sell (d)” rating on shares of Alpha Metallurgical Resources in a research report on Wednesday, October 8th. Finally, B. Riley lowered their target price 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. One research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Alpha Metallurgical Resources presently has an average rating of “Hold” and an average target price of $160.50.

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.