Alpha Metallurgical Resources, Inc. $AMR Shares Sold by Campbell & CO Investment Adviser LLC

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

Several other institutional investors also recently added to or reduced their stakes in the stock. AlphaQuest LLC purchased a new stake in Alpha Metallurgical Resources in the first quarter worth about $566,000. EntryPoint Capital LLC lifted its stake in Alpha Metallurgical Resources by 57.1% in the first quarter. EntryPoint Capital LLC now owns 3,319 shares of the energy company's stock worth $416,000 after acquiring an additional 1,206 shares during the period. Hsbc Holdings PLC lifted its stake in Alpha Metallurgical Resources by 37.4% in the first quarter. Hsbc Holdings PLC now owns 2,363 shares of the energy company's stock worth $290,000 after acquiring an additional 643 shares during the period. Fuller & Thaler Asset Management Inc. lifted its stake in Alpha Metallurgical Resources by 50.9% in the first quarter. Fuller & Thaler Asset Management Inc. now owns 136,217 shares of the energy company's stock worth $17,061,000 after acquiring an additional 45,934 shares during the period. Finally, Quantbot Technologies LP purchased a new stake in Alpha Metallurgical Resources in the first quarter worth about $1,527,000. Hedge funds and other institutional investors own 84.29% of the company's stock.

Alpha Metallurgical Resources Stock Performance

AMR traded up $3.80 on Monday, hitting $149.68. The company had a trading volume of 231,389 shares, compared to its average volume of 435,580. The stock has a fifty day moving average price of $128.90 and a 200-day moving average price of $126.29. Alpha Metallurgical Resources, Inc. has a 12-month low of $97.41 and a 12-month high of $255.04. The stock has a market capitalization of $1.95 billion, a price-to-earnings ratio of -52.52 and a beta of 0.64.

Alpha Metallurgical Resources (NYSE:AMR - Get Free Report) last posted its earnings results on Friday, August 8th. The energy company reported ($0.38) earnings per share (EPS) for the quarter, beating the consensus estimate of ($2.38) by $2.00. The company had revenue of $550.27 million for the quarter, compared to analyst estimates of $552.15 million. Alpha Metallurgical Resources had a negative return on equity of 2.28% and a negative net margin of 1.57%.The firm's quarterly revenue was down 31.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $4.49 earnings per share. Analysts forecast that Alpha Metallurgical Resources, Inc. will post 14.31 EPS for the current fiscal year.

Insider Activity

In other news, CFO Joshua Todd Munsey sold 2,135 shares of the company's stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $157.00, for a total transaction of $335,195.00. Following the transaction, the chief financial officer owned 4,466 shares in the company, valued at $701,162. This represents a 32.34% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, COO Jason E. Whitehead sold 12,004 shares of Alpha Metallurgical Resources stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $161.84, for a total transaction of $1,942,727.36. Following the sale, the chief operating officer owned 9,673 shares of the company's stock, valued at $1,565,478.32. The trade was a 55.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 16.00% of the company's stock.

Analyst Ratings Changes

AMR has been the subject of a number of research reports. B. Riley lowered 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 note 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 upped 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 note on Monday, August 11th. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently 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.