Vanguard Group Inc. Has $147.22 Million Stock 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. lowered its stake in shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR - Free Report) by 2.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,175,415 shares of the energy company's stock after selling 25,966 shares during the quarter. Vanguard Group Inc. owned about 9.00% of Alpha Metallurgical Resources worth $147,221,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. GAMMA Investing LLC increased its position in Alpha Metallurgical Resources by 11,100.3% during the first quarter. GAMMA Investing LLC now owns 34,945 shares of the energy company's stock worth $4,377,000 after acquiring an additional 34,633 shares during the period. Mutual Advisors LLC bought a new position in Alpha Metallurgical Resources during the first quarter worth $603,000. SG Americas Securities LLC increased its position in Alpha Metallurgical Resources by 204.5% during the first quarter. SG Americas Securities LLC now owns 8,376 shares of the energy company's stock worth $1,049,000 after acquiring an additional 5,625 shares during the period. DekaBank Deutsche Girozentrale increased its position in Alpha Metallurgical Resources by 40.2% during the first quarter. DekaBank Deutsche Girozentrale now owns 1,385 shares of the energy company's stock worth $173,000 after acquiring an additional 397 shares during the period. Finally, Federated Hermes Inc. increased its position 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 worth $3,211,000 after acquiring an additional 25,594 shares during the period. Institutional investors own 84.29% of the company's stock.

Insider Buying and Selling at Alpha Metallurgical Resources

In other news, COO Jason E. Whitehead sold 12,004 shares of the business's stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $161.84, for a total value of $1,942,727.36. Following the sale, the chief operating officer owned 9,673 shares in the company, valued at approximately $1,565,478.32. The trade was a 55.38% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, 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 owned 4,466 shares in the company, valued at $701,162. This represents a 32.34% 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 0.5%

AMR traded up $0.73 during trading on Tuesday, reaching $145.31. 247,373 shares of the company's stock were exchanged, compared to its average volume of 449,068. Alpha Metallurgical Resources, Inc. has a fifty-two week low of $97.41 and a fifty-two week high of $255.04. The business has a 50 day moving average price of $125.96 and a 200 day moving average price of $127.57. The company has a market capitalization of $1.90 billion, a P/E ratio of -50.99 and a beta of 0.59.

Alpha Metallurgical Resources (NYSE:AMR - Get Free Report) last issued its earnings results on Friday, August 8th. The energy company reported ($0.38) EPS for the quarter, beating 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 company had revenue of $550.27 million for the quarter, compared to the consensus estimate of $552.15 million. During the same quarter in the previous year, the company earned $4.49 EPS. The firm's revenue for the quarter was down 31.6% compared to the same quarter last year. As a group, research analysts forecast that Alpha Metallurgical Resources, Inc. will post 14.31 EPS for the current year.

Analyst Ratings Changes

A number of brokerages recently issued reports on AMR. Jefferies Financial Group boosted 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 upgraded shares of Alpha Metallurgical Resources from a "sell" rating to a "hold" rating in a research note on Saturday, August 16th. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $160.50.

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.