Campbell & CO Investment Adviser LLC Has $1.32 Million Holdings in Alpha Metallurgical Resources, Inc. $AMR

Key Points

• Campbell & CO Investment Adviser LLC reduced its stake in Alpha Metallurgical Resources by 22.9%, now holding approximately $1.32 million worth of shares.
• Analysts have raised Alpha Metallurgical Resources' stock ratings recently, with Jefferies increasing the price objective from $110.00 to $150.00 and B. Riley adjusting it from $173.00 to $171.00.
• Company insiders, including the COO and CFO, sold significant shares in August, indicating a decrease in their ownership positions, which could reflect concerns about the company's future performance.

Campbell & CO Investment Adviser LLC cut its position in shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR - Free Report) by 22.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,567 shares of the energy company's stock after selling 3,140 shares during the quarter. Campbell & CO Investment Adviser LLC owned about 0.08% of Alpha Metallurgical Resources worth $1,324,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Signaturefd LLC increased its position in shares of Alpha Metallurgical Resources by 306.1% during the first quarter. Signaturefd LLC now owns 199 shares of the energy company's stock worth $25,000 after buying an additional 150 shares during the period. AdvisorNet Financial Inc grew its holdings in Alpha Metallurgical Resources by 214.3% during the 1st quarter. AdvisorNet Financial Inc now owns 220 shares of the energy company's stock worth $28,000 after acquiring an additional 150 shares during the period. Summit Securities Group LLC acquired a new stake in Alpha Metallurgical Resources during the 1st quarter worth about $38,000. Public Employees Retirement System of Ohio acquired a new stake in Alpha Metallurgical Resources during the 4th quarter worth about $60,000. Finally, Opal Wealth Advisors LLC acquired a new stake in Alpha Metallurgical Resources during the first quarter worth approximately $64,000. 84.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Wall Street Zen raised Alpha Metallurgical Resources from a "sell" rating to a "hold" rating in a research note on Saturday, August 16th. Jefferies Financial Group raised their price objective 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. Finally, B. Riley reduced 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. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $160.50.

Alpha Metallurgical Resources Stock Performance

Shares of Alpha Metallurgical Resources stock opened at $145.31 on Wednesday. Alpha Metallurgical Resources, Inc. has a 52 week low of $97.41 and a 52 week high of $255.04. The stock has a 50 day moving average price of $125.96 and a two-hundred day moving average price of $127.57. The stock has a market capitalization of $1.90 billion, a PE ratio of -50.99 and a beta of 0.59.

Alpha Metallurgical Resources (NYSE:AMR - Get Free Report) last announced its quarterly earnings data 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 during the quarter, compared to analysts' expectations of $552.15 million. During the same quarter last year, the firm posted $4.49 earnings per share. The company's revenue for the quarter was down 31.6% compared to the same quarter last year. Research analysts forecast that Alpha Metallurgical Resources, Inc. will post 14.31 EPS for the current year.

Insider Buying and Selling at Alpha Metallurgical Resources

In other news, COO Jason E. Whitehead sold 12,004 shares of Alpha Metallurgical Resources 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 directly owned 9,673 shares in the company, valued at $1,565,478.32. This trade represents a 55.38% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Joshua Todd Munsey sold 2,135 shares of Alpha Metallurgical Resources stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $157.00, for a total value of $335,195.00. Following the transaction, the chief financial officer owned 4,466 shares of the company's stock, valued at $701,162. This trade represents a 32.34% decrease in their position. The disclosure for this sale can be found here. Company insiders own 16.00% of the company's stock.

Alpha Metallurgical Resources 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.

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