Vanguard Group Inc. Lowers Stock Holdings in Alpha Metallurgical Resources, Inc. (NYSE:AMR)

Vanguard Group Inc. reduced its position in Alpha Metallurgical Resources, Inc. (NYSE:AMR) by 5.7% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 1,151,669 shares of the energy company’s stock after selling 69,305 shares during the period. Vanguard Group Inc. owned about 7.59% of Alpha Metallurgical Resources worth $299,123,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Captrust Financial Advisors grew its stake in Alpha Metallurgical Resources by 344.0% in the 1st quarter. Captrust Financial Advisors now owns 222 shares of the energy company’s stock worth $29,000 after acquiring an additional 172 shares during the period. Macquarie Group Ltd. purchased a new stake in shares of Alpha Metallurgical Resources during the 2nd quarter valued at $32,000. Lazard Asset Management LLC purchased a new stake in shares of Alpha Metallurgical Resources during the 2nd quarter valued at $37,000. Envestnet Asset Management Inc. grew its stake in shares of Alpha Metallurgical Resources by 13,521.9% during the 1st quarter. Envestnet Asset Management Inc. now owns 222,855 shares of the energy company’s stock valued at $39,000 after buying an additional 221,219 shares during the period. Finally, Exchange Traded Concepts LLC purchased a new stake in shares of Alpha Metallurgical Resources during the 3rd quarter valued at $41,000. 84.29% of the stock is owned by hedge funds and other institutional investors.

Alpha Metallurgical Resources Stock Up 2.7 %

Shares of NYSE AMR opened at $323.02 on Thursday. Alpha Metallurgical Resources, Inc. has a 52-week low of $132.72 and a 52-week high of $452.00. The firm has a fifty day moving average of $368.45 and a 200-day moving average of $307.33. The stock has a market capitalization of $4.20 billion, a PE ratio of 6.63 and a beta of 1.37.

Alpha Metallurgical Resources (NYSE:AMR) last posted its earnings results on Monday, February 26th. The energy company reported $12.88 earnings per share for the quarter, beating the consensus estimate of $8.78 by $4.10. The business had revenue of $959.90 million for the quarter, compared to analyst estimates of $796.65 million. Alpha Metallurgical Resources had a net margin of 20.80% and a return on equity of 46.22%. The business’s quarterly revenue was up 16.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $13.37 EPS. Equities research analysts expect that Alpha Metallurgical Resources, Inc. will post 37.3 EPS for the current fiscal year.

Insider Activity at Alpha Metallurgical Resources

In related news, Director David J. Stetson sold 30,694 shares of Alpha Metallurgical Resources stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $392.30, for a total transaction of $12,041,256.20. Following the transaction, the director now owns 26,054 shares in the company, valued at approximately $10,220,984.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Alpha Metallurgical Resources news, Director David J. Stetson sold 30,694 shares of the business’s stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $392.30, for a total value of $12,041,256.20. Following the transaction, the director now owns 26,054 shares in the company, valued at approximately $10,220,984.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Daniel E. Horn sold 100 shares of the business’s stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $360.29, for a total transaction of $36,029.00. Following the completion of the transaction, the insider now owns 6,462 shares in the company, valued at approximately $2,328,193.98. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 153,971 shares of company stock worth $55,479,986. 15.00% of the stock is currently owned by corporate insiders.

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.