Charles Schwab Investment Management Inc. Decreases Stock Holdings in Alpha Metallurgical Resources, Inc. $AMR

Key Points

• Charles Schwab Investment Management Inc. reduced its stake in Alpha Metallurgical Resources, Inc. by 2.2% in the 1st quarter, holding 179,456 shares valued at approximately $22.5 million after selling 4,063 shares.
• The stock of Alpha Metallurgical Resources currently has an average rating of "Hold" and price targets ranging from $110.00 to $173.00, with a consensus target of $160.50.
• In the latest earnings report, Alpha Metallurgical Resources posted a loss of ($0.38) earnings per share, significantly outperforming analysts' expectations of (2.38), although revenue decreased by 31.6% year-over-year.

Charles Schwab Investment Management Inc. lessened its position 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 & Exchange Commission. The institutional investor owned 179,456 shares of the energy company's stock after selling 4,063 shares during the period. Charles Schwab Investment Management Inc. owned 1.37% of Alpha Metallurgical Resources worth $22,477,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of AMR. Signaturefd LLC increased its stake in shares of Alpha Metallurgical Resources by 306.1% in the first quarter. Signaturefd LLC now owns 199 shares of the energy company's stock valued at $25,000 after buying an additional 150 shares during the period. AdvisorNet Financial Inc grew its position in shares of Alpha Metallurgical Resources by 214.3% in the first quarter. AdvisorNet Financial Inc now owns 220 shares of the energy company's stock valued at $28,000 after purchasing an additional 150 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new position in shares of Alpha Metallurgical Resources in the fourth quarter valued at $60,000. Opal Wealth Advisors LLC bought a new stake in Alpha Metallurgical Resources during the first quarter worth about $64,000. Finally, CWM LLC lifted its stake in Alpha Metallurgical Resources by 1,205.1% during the first quarter. CWM LLC now owns 509 shares of the energy company's stock worth $64,000 after purchasing an additional 470 shares during the last quarter. Institutional investors and hedge funds own 84.29% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have issued reports 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. B. Riley dropped their price target on 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, Jefferies Financial Group increased their price target on Alpha Metallurgical Resources from $110.00 to $150.00 and gave the company a "hold" rating in a report on Monday, August 11th. One investment 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 an average rating of "Hold" and an average price target of $160.50.

Alpha Metallurgical Resources Stock Down 0.3%

Shares of AMR traded down $0.45 during trading hours on Tuesday, reaching $144.13. 129,697 shares of the company traded hands, compared to its average volume of 336,536. 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 $1.88 billion, a P/E ratio of -50.65 and a beta of 0.59. The business has a fifty day moving average price of $125.32 and a 200-day moving average price of $127.44.

Alpha Metallurgical Resources (NYSE:AMR - Get Free Report) last released its quarterly earnings results 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 firm had revenue of $550.27 million during the quarter, compared to the consensus estimate of $552.15 million. During the same quarter in the prior year, the firm earned $4.49 EPS. The company's revenue for the quarter was down 31.6% on a year-over-year basis. As a group, research analysts predict that Alpha Metallurgical Resources, Inc. will post 14.31 EPS for the current fiscal year.

Insider Buying and Selling

In other news, COO Jason E. Whitehead sold 12,004 shares of the firm'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 directly owned 9,673 shares in the company, valued at approximately $1,565,478.32. This trade represents a 55.38% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Joshua Todd Munsey sold 2,135 shares of the firm'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. 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 corporate insiders.

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.