Alpha Metallurgical Resources, Inc. (NYSE:AMR) Shares Sold by Geode Capital Management LLC

Geode Capital Management LLC lowered its position in shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR) by 6.4% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 249,422 shares of the energy company’s stock after selling 16,956 shares during the period. Geode Capital Management LLC owned about 1.92% of Alpha Metallurgical Resources worth $58,920,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Creative Planning grew its stake in Alpha Metallurgical Resources by 2.9% during the 2nd quarter. Creative Planning now owns 1,529 shares of the energy company’s stock worth $429,000 after buying an additional 43 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of Alpha Metallurgical Resources by 124.6% in the 3rd quarter. GAMMA Investing LLC now owns 137 shares of the energy company’s stock valued at $32,000 after acquiring an additional 76 shares during the period. Meixler Investment Management Ltd. raised its position in Alpha Metallurgical Resources by 1.4% in the 2nd quarter. Meixler Investment Management Ltd. now owns 5,596 shares of the energy company’s stock valued at $1,570,000 after purchasing an additional 78 shares during the last quarter. Vanguard Personalized Indexing Management LLC boosted its stake in Alpha Metallurgical Resources by 9.1% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 997 shares of the energy company’s stock worth $280,000 after purchasing an additional 83 shares during the period. Finally, Federated Hermes Inc. purchased a new position in Alpha Metallurgical Resources during the 2nd quarter worth $25,000. 84.29% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. B. Riley decreased their target price on shares of Alpha Metallurgical Resources from $374.00 to $336.00 and set a “buy” rating for the company in a research note on Friday, September 6th. Benchmark reaffirmed a “hold” rating on shares of Alpha Metallurgical Resources in a research report on Monday, November 4th.

Insiders Place Their Bets

In other Alpha Metallurgical Resources news, Director Kenneth S. Courtis sold 10,621 shares of the business’s stock in a transaction on Friday, December 13th. The shares were sold at an average price of $228.73, for a total transaction of $2,429,341.33. Following the sale, the director now directly owns 603,342 shares in the company, valued at approximately $138,002,415.66. The trade was a 1.73 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 15.00% of the stock is currently owned by insiders.

Alpha Metallurgical Resources Stock Performance

Shares of AMR opened at $201.26 on Friday. The stock has a market capitalization of $2.62 billion, a P/E ratio of 7.39 and a beta of 1.46. Alpha Metallurgical Resources, Inc. has a 1 year low of $185.00 and a 1 year high of $452.00. The company’s fifty day moving average is $226.66 and its two-hundred day moving average is $248.82.

Alpha Metallurgical Resources (NYSE:AMR) last issued its quarterly earnings results on Friday, November 1st. The energy company reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.60 by ($1.31). The firm had revenue of $671.90 million for the quarter, compared to analyst estimates of $672.95 million. Alpha Metallurgical Resources had a return on equity of 22.65% and a net margin of 11.08%. The company’s revenue was down 9.4% compared to the same quarter last year. During the same quarter last year, the firm earned $6.65 earnings per share. Sell-side analysts predict that Alpha Metallurgical Resources, Inc. will post 16.87 EPS 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.