Vanguard Group Inc. Lowers Holdings in Alpha Metallurgical Resources, Inc. $AMR

Key Points

• Vanguard Group Inc. reduced its stake in Alpha Metallurgical Resources by 2.2%, now holding approximately 9.00% of the company's shares, worth about $147.2 million.
• Several hedge funds have significantly increased their holdings in Alpha Metallurgical Resources, with GAMMA Investing LLC boosting their stake by an astonishing 11,100.3%.
• Analysts have mixed views on the stock, with Jefferies upgrading its target price from $110 to $150, while maintaining a "hold" rating; the consensus rating remains a "hold" with a target price of $160.50.

Vanguard Group Inc. lessened its stake in Alpha Metallurgical Resources, Inc. (NYSE:AMR - Free Report) by 2.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,175,415 shares of the energy company's stock after selling 25,966 shares during the period. Vanguard Group Inc. owned about 9.00% of Alpha Metallurgical Resources worth $147,221,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Dimensional Fund Advisors LP increased its stake in shares of Alpha Metallurgical Resources by 4.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 736,379 shares of the energy company's stock worth $147,366,000 after purchasing an additional 28,225 shares in the last quarter. Northern Trust Corp boosted its holdings in Alpha Metallurgical Resources by 6.0% in the fourth quarter. Northern Trust Corp now owns 121,652 shares of the energy company's stock valued at $24,345,000 after purchasing an additional 6,905 shares during the last quarter. Goehring & Rozencwajg Associates LLC boosted its holdings in Alpha Metallurgical Resources by 2.6% in the first quarter. Goehring & Rozencwajg Associates LLC now owns 73,689 shares of the energy company's stock valued at $9,212,000 after purchasing an additional 1,889 shares during the last quarter. Wellington Management Group LLP raised its position in shares of Alpha Metallurgical Resources by 17.3% in the fourth quarter. Wellington Management Group LLP now owns 56,901 shares of the energy company's stock worth $11,387,000 after acquiring an additional 8,386 shares during the period. Finally, Principal Financial Group Inc. raised its position in shares of Alpha Metallurgical Resources by 2.3% in the first quarter. Principal Financial Group Inc. now owns 54,592 shares of the energy company's stock worth $6,838,000 after acquiring an additional 1,234 shares during the period. Hedge funds and other institutional investors own 84.29% of the company's stock.

Insider Buying and Selling at Alpha Metallurgical Resources

In related news, COO Jason E. Whitehead sold 12,004 shares of the stock in a transaction dated 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 completion of the transaction, the chief operating officer owned 9,673 shares in the company, valued at approximately $1,565,478.32. This represents a 55.38% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Joshua Todd Munsey sold 2,135 shares of the stock in a transaction dated Tuesday, August 12th. The stock was 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 ownership of the stock. The disclosure for this sale can be found here. 16.00% of the stock is owned by insiders.

Alpha Metallurgical Resources Stock Up 2.4%

AMR traded up $3.40 during trading hours on Monday, hitting $144.83. 197,125 shares of the company's stock were exchanged, compared to its average volume of 336,399. The stock's 50-day moving average is $124.69 and its two-hundred day moving average is $127.68. The stock has a market cap of $1.89 billion, a price-to-earnings ratio of -50.85 and a beta of 0.59. Alpha Metallurgical Resources, Inc. has a 1-year low of $97.41 and a 1-year high of $255.04.

Alpha Metallurgical Resources (NYSE:AMR - Get Free Report) last issued its quarterly earnings data on Friday, August 8th. The energy company reported ($0.38) earnings per share for the quarter, topping the consensus estimate 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 business had revenue of $550.27 million during the quarter, compared to analysts' expectations of $552.15 million. During the same quarter in the previous year, the company earned $4.49 EPS. The business's revenue was down 31.6% on a year-over-year basis. On average, equities research analysts anticipate that Alpha Metallurgical Resources, Inc. will post 14.31 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have issued reports on AMR shares. Wall Street Zen upgraded shares of Alpha Metallurgical Resources from a "sell" rating to a "hold" rating in a report on Saturday, August 16th. B. Riley dropped their price objective on shares of Alpha Metallurgical Resources from $173.00 to $171.00 and set a "buy" rating for the company in a research report on Tuesday, August 5th. Finally, Jefferies Financial Group increased their target price on shares of Alpha Metallurgical Resources from $110.00 to $150.00 and gave the stock a "hold" rating in a report on Monday, August 11th. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $160.50.

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.