Alpha Metallurgical Resources, Inc. $AMR Shares Sold by Intech Investment Management LLC

Key Points

• Intech Investment Management cut its stake in Alpha Metallurgical Resources by 68.4% in Q3, selling 12,515 shares and leaving 5,793 shares valued at about $951,000.
• Alpha reported ($1.34) EPS that met estimates but recorded a significant revenue miss, reporting $436.33 million versus $538.45 million expected and a 15.7% year‑over‑year revenue decline.
• There has been notable insider activity: CFO Joshua Todd Munsey and insider Daniel Horn sold shares recently, while insiders nonetheless bought 62,576 shares (~$11.7M) over the last 90 days and currently own about 16% of the company.

Intech Investment Management LLC lowered its stake in Alpha Metallurgical Resources, Inc. (NYSE:AMR - Free Report) by 68.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,793 shares of the energy company's stock after selling 12,515 shares during the period. Intech Investment Management LLC's holdings in Alpha Metallurgical Resources were worth $951,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in AMR. Royal Bank of Canada raised its stake in Alpha Metallurgical Resources by 55.0% in the 1st quarter. Royal Bank of Canada now owns 2,029 shares of the energy company's stock worth $254,000 after acquiring an additional 720 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Alpha Metallurgical Resources by 4.7% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,548 shares of the energy company's stock valued at $820,000 after purchasing an additional 295 shares during the last quarter. Millennium Management LLC grew its stake in Alpha Metallurgical Resources by 208.0% during the 1st quarter. Millennium Management LLC now owns 106,107 shares of the energy company's stock valued at $13,290,000 after purchasing an additional 71,653 shares during the last quarter. Envestnet Asset Management Inc. acquired a new position in shares of Alpha Metallurgical Resources in the second quarter valued at about $391,000. Finally, Bank of New York Mellon Corp raised its stake in shares of Alpha Metallurgical Resources by 5.3% in the second quarter. Bank of New York Mellon Corp now owns 83,225 shares of the energy company's stock worth $9,361,000 after purchasing an additional 4,167 shares during the last quarter. 84.29% of the stock is currently owned by institutional investors and hedge funds.

Alpha Metallurgical Resources Stock Down 0.3%

Shares of AMR opened at $168.58 on Monday. The company has a market capitalization of $2.16 billion, a price-to-earnings ratio of -35.57 and a beta of 0.79. Alpha Metallurgical Resources, Inc. has a 52 week low of $97.41 and a 52 week high of $253.82. The stock's 50-day moving average price is $204.25 and its 200-day moving average price is $178.99. The company has a quick ratio of 3.53, a current ratio of 4.47 and a debt-to-equity ratio of 0.01.

Alpha Metallurgical Resources (NYSE:AMR - Get Free Report) last announced its quarterly earnings results on Friday, February 27th. The energy company reported ($1.34) earnings per share for the quarter, meeting the consensus estimate of ($1.34). Alpha Metallurgical Resources had a negative return on equity of 3.88% and a negative net margin of 2.90%.The company had revenue of $436.33 million during the quarter, compared to analysts' expectations of $538.45 million. During the same period last year, the business earned ($0.16) earnings per share. Alpha Metallurgical Resources's quarterly revenue was down 15.7% on a year-over-year basis. On average, sell-side analysts predict that Alpha Metallurgical Resources, Inc. will post 14.31 EPS for the current year.

Insider Activity

In related news, CFO Joshua Todd Munsey sold 2,523 shares of the stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $183.24, for a total transaction of $462,314.52. Following the sale, the chief financial officer directly owned 4,735 shares of the company's stock, valued at approximately $867,641.40. This represents a 34.76% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Daniel E. Horn sold 8,125 shares of the firm's stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $188.32, for a total transaction of $1,530,100.00. Following the sale, the insider owned 4,989 shares in the company, valued at approximately $939,528.48. This represents a 61.96% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders acquired 62,576 shares of company stock worth $11,684,814 over the last 90 days. Company insiders own 16.00% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on AMR shares. Texas Capital downgraded Alpha Metallurgical Resources from a "strong-buy" rating to a "hold" rating in a report on Thursday, January 29th. Weiss Ratings reissued a "sell (d)" rating on shares of Alpha Metallurgical Resources in a research report on Monday, December 29th. B. Riley Financial lifted their price objective on shares of Alpha Metallurgical Resources from $203.00 to $207.00 and gave the company a "neutral" rating in a research note on Thursday. Benchmark reaffirmed a "hold" rating on shares of Alpha Metallurgical Resources in a report on Monday, March 2nd. Finally, Jefferies Financial Group reiterated a "hold" rating and issued a $185.00 price objective on shares of Alpha Metallurgical Resources in a research note on Monday, March 2nd. Four research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of "Reduce" and an average price target of $196.00.

Alpha Metallurgical Resources Company Profile

Alpha Metallurgical Resources, Inc NYSE: AMR is a leading pure-play producer of high-grade metallurgical coal, primarily serving the global steelmaking industry. Headquartered in Bristol, Virginia, the company operates multiple underground and surface mining complexes across the central Appalachian and Illinois basins. Its production portfolio focuses on premium raw and semi-soft coking coal products tailored to meet the specifications of steel producers worldwide.

Formed in July 2021 through the spin-out of Contura Energy's metallurgical coal business, Alpha Metallurgical Resources has built a reputation for operational excellence and cost-efficient mining.

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