Deutsche Bank AG Reduces Position in Alpha Metallurgical Resources, Inc. $AMR

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 decreased its stake in shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR - Free Report) by 77.8% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,803 shares of the energy company's stock after selling 30,898 shares during the quarter. Deutsche Bank AG owned about 0.07% of Alpha Metallurgical Resources worth $1,103,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. New Age Alpha Advisors LLC raised 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 buying an additional 24,644 shares during the last quarter. Malaga Cove Capital LLC raised 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 buying an additional 1,374 shares during the last quarter. Vestcor Inc raised 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 buying an additional 1,300 shares during the last quarter. GSA Capital Partners LLP purchased a new position in Alpha Metallurgical Resources during the first quarter valued at $866,000. Finally, Federated Hermes Inc. raised its stake in Alpha Metallurgical Resources by 59,520.9% during the first quarter. Federated Hermes Inc. now owns 25,637 shares of the energy company's stock valued at $3,211,000 after buying an additional 25,594 shares during the last quarter. Hedge funds and other institutional investors own 84.29% of the company's stock.

Analysts Set New Price Targets

AMR has been the topic of several recent analyst reports. Jefferies Financial Group increased their target price on 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 upgraded Alpha Metallurgical Resources from a "sell" rating to a "hold" rating in a research note on Saturday, August 16th. Finally, B. Riley cut their target price on Alpha Metallurgical Resources from $173.00 to $171.00 and set a "buy" rating on the stock in a research note on Tuesday, August 5th. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat, Alpha Metallurgical Resources has a consensus rating of "Hold" and an average target price of $160.50.

Insiders Place Their Bets

In other Alpha Metallurgical Resources news, CFO Joshua Todd Munsey sold 2,135 shares of the business's stock in a transaction 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 completion of the sale, the chief financial officer directly owned 4,466 shares in the company, valued at approximately $701,162. The trade was a 32.34% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Jason E. Whitehead sold 12,004 shares of Alpha Metallurgical Resources stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $161.84, for a total transaction of $1,942,727.36. Following the transaction, the chief operating officer owned 9,673 shares in the company, valued at $1,565,478.32. This represents a 55.38% decrease in their position. The disclosure for this sale can be found here. 16.00% of the stock is currently owned by insiders.

Alpha Metallurgical Resources Stock Up 2.6%

AMR traded up $3.80 during mid-day trading on Friday, reaching $149.68. 231,389 shares of the company traded hands, compared to its average volume of 440,401. The stock has a market capitalization of $1.95 billion, a P/E ratio of -52.52 and a beta of 0.59. The company's fifty day moving average price is $128.02 and its 200-day moving average price is $127.19. Alpha Metallurgical Resources, Inc. has a 52-week low of $97.41 and a 52-week high of $255.04.

Alpha Metallurgical Resources (NYSE:AMR - Get Free Report) last announced its earnings results on Friday, August 8th. The energy company reported ($0.38) earnings per share for the quarter, beating analysts' consensus estimates of ($2.38) by $2.00. The business had revenue of $550.27 million during the quarter, compared to analyst estimates of $552.15 million. Alpha Metallurgical Resources had a negative net margin of 1.57% and a negative return on equity of 2.28%. The company's quarterly revenue was down 31.6% compared to the same quarter last year. During the same period in the previous year, the business earned $4.49 EPS. As a group, sell-side analysts forecast that Alpha Metallurgical Resources, Inc. will post 14.31 earnings per share for the current fiscal year.

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.