Alpha Metallurgical Resources, Inc. $AMR Shares Sold by Deutsche Bank AG

Key Points

• Deutsche Bank AG significantly reduced its stake in Alpha Metallurgical Resources, cutting its holdings by 77.8% to 8,803 shares, which now represent about 0.07% of the company.
• Several other institutional investors increased their stakes in the company, with New Age Alpha Advisors LLC raising its holdings by 12,200% to 24,846 shares valued at approximately $3.1 million.
• Analysts have mixed perspectives on the stock; while Jefferies Financial Group raised its target price to $150 with a "hold" rating, B. Riley slightly decreased its target but still maintains a "buy" rating, indicating ongoing interest in the company's performance.

Deutsche Bank AG cut its holdings in shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR - Free Report) by 77.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,803 shares of the energy company's stock after selling 30,898 shares during the period. Deutsche Bank AG owned approximately 0.07% of Alpha Metallurgical Resources worth $1,103,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. New Age Alpha Advisors LLC lifted its stake in Alpha Metallurgical Resources by 12,200.0% during the first quarter. New Age Alpha Advisors LLC now owns 24,846 shares of the energy company's stock valued at $3,112,000 after purchasing an additional 24,644 shares during the last quarter. Malaga Cove Capital LLC lifted its stake in Alpha Metallurgical Resources by 43.9% during the first quarter. Malaga Cove Capital LLC now owns 4,506 shares of the energy company's stock valued at $564,000 after purchasing an additional 1,374 shares during the last quarter. Vestcor Inc lifted its stake in Alpha Metallurgical Resources by 65.0% during the first quarter. Vestcor Inc now owns 3,300 shares of the energy company's stock valued at $413,000 after purchasing an additional 1,300 shares during the last quarter. GSA Capital Partners LLP acquired a new stake in Alpha Metallurgical Resources during the first quarter valued at approximately $866,000. Finally, Federated Hermes Inc. increased its position in shares of Alpha Metallurgical Resources by 59,520.9% in the first quarter. Federated Hermes Inc. now owns 25,637 shares of the energy company's stock worth $3,211,000 after acquiring an additional 25,594 shares in the last quarter. 84.29% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CFO Joshua Todd Munsey sold 2,135 shares of the business's stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $157.00, for a total transaction of $335,195.00. Following the transaction, the chief financial officer directly owned 4,466 shares of the company's stock, valued at approximately $701,162. The trade was a 32.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, COO Jason E. Whitehead sold 12,004 shares of the business's stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $161.84, for a total transaction 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. The trade was a 55.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 16.00% of the company's stock.

Analysts Set New Price Targets

AMR has been the topic of several analyst reports. Jefferies Financial Group lifted their target price on shares of Alpha Metallurgical Resources from $110.00 to $150.00 and gave the stock a "hold" rating in a research report on Monday, August 11th. B. Riley dropped their target price on shares of Alpha Metallurgical Resources from $173.00 to $171.00 and set a "buy" rating on the stock in a research report on Tuesday, August 5th. Finally, 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. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $160.50.

Alpha Metallurgical Resources Price Performance

Shares of AMR opened at $141.4190 on Friday. The business's 50-day moving average is $124.69 and its 200-day moving average is $128.04. Alpha Metallurgical Resources, Inc. has a fifty-two week low of $97.41 and a fifty-two week high of $255.04. The company has a market capitalization of $1.85 billion, a price-to-earnings ratio of -49.62 and a beta of 0.59.

Alpha Metallurgical Resources (NYSE:AMR - Get Free Report) last announced its quarterly earnings data on Friday, August 8th. The energy company reported ($0.38) EPS for the quarter, beating 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 firm had revenue of $550.27 million for the quarter, compared to the consensus estimate of $552.15 million. During the same period in the previous year, the firm posted $4.49 earnings per share. The firm's revenue was down 31.6% on a year-over-year basis. Equities research analysts expect that Alpha Metallurgical Resources, Inc. will post 14.31 earnings per share for the current fiscal 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.

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