American Century Companies Inc. Purchases 22,444 Shares of Alpha Metallurgical Resources, Inc. $AMR

Key Points

• American Century Companies Inc. has increased its holdings in Alpha Metallurgical Resources, Inc. by 6.3%, acquiring an additional 22,444 shares, bringing its total ownership to 381,450 shares worth approximately $47.78 million.
• The stock of Alpha Metallurgical Resources has seen a 3.2% decline recently, with a current trading price of around $136.61, while analysts estimate earnings per share for the current fiscal year at 14.31.
• Insider selling activity includes COO Jason E. Whitehead selling 12,004 shares and CFO Joshua Todd Munsey selling 2,135 shares, indicating substantial decreases in their respective holdings by 55.38% and 32.34%.

American Century Companies Inc. raised its holdings in shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR - Free Report) by 6.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 381,450 shares of the energy company's stock after purchasing an additional 22,444 shares during the period. American Century Companies Inc. owned about 2.92% of Alpha Metallurgical Resources worth $47,777,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. GAMMA Investing LLC grew its position in Alpha Metallurgical Resources by 11,100.3% in the 1st quarter. GAMMA Investing LLC now owns 34,945 shares of the energy company's stock worth $4,377,000 after purchasing an additional 34,633 shares during the last quarter. Mutual Advisors LLC acquired a new stake in Alpha Metallurgical Resources in the 1st quarter valued at approximately $603,000. SG Americas Securities LLC grew its position in Alpha Metallurgical Resources by 204.5% in the 1st quarter. SG Americas Securities LLC now owns 8,376 shares of the energy company's stock valued at $1,049,000 after buying an additional 5,625 shares in the last quarter. DekaBank Deutsche Girozentrale increased its stake in shares of Alpha Metallurgical Resources by 40.2% during the first quarter. DekaBank Deutsche Girozentrale now owns 1,385 shares of the energy company's stock valued at $173,000 after acquiring an additional 397 shares during the period. Finally, Federated Hermes Inc. raised its holdings 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 purchasing an additional 25,594 shares in the last quarter. 84.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Alpha Metallurgical Resources

In related news, COO Jason E. Whitehead sold 12,004 shares of Alpha Metallurgical Resources 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 completion of the sale, the chief operating officer owned 9,673 shares of the company's stock, valued at approximately $1,565,478.32. The trade was a 55.38% decrease in their position. The transaction 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 company's stock in a transaction on 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 owned 4,466 shares of the company's stock, valued at $701,162. This represents 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 currently owned by company insiders.

Analyst Upgrades and Downgrades

AMR has been the subject of several research analyst reports. B. Riley cut their price objective on Alpha Metallurgical Resources from $173.00 to $171.00 and set a "buy" rating for the company in a report on Tuesday, August 5th. Wall Street Zen raised shares of Alpha Metallurgical Resources from a "sell" rating to a "hold" rating in a research note on Saturday, August 16th. Finally, 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. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $160.50.

Alpha Metallurgical Resources Stock Performance

Shares of NYSE AMR traded up $4.9740 during mid-day trading on Monday, reaching $146.4040. The company had a trading volume of 94,715 shares, compared to its average volume of 335,713. Alpha Metallurgical Resources, Inc. has a twelve month low of $97.41 and a twelve month high of $255.04. The stock's 50 day moving average is $124.69 and its 200-day moving average is $127.68. The stock has a market capitalization of $1.91 billion, a PE ratio of -51.26 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 analysts' consensus estimates of ($2.38) by $2.00. Alpha Metallurgical Resources had a negative return on equity of 2.28% and a negative net margin of 1.57%.The firm 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 posted $4.49 earnings per share. The business's quarterly revenue was down 31.6% compared to the same quarter last year. On average, sell-side analysts anticipate that Alpha Metallurgical Resources, Inc. will post 14.31 EPS for the current 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.