Alpha Metallurgical Resources, Inc. $AMR Shares Sold by Charles Schwab Investment Management Inc.

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. lowered its stake in 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 (SEC). The fund owned 179,456 shares of the energy company's stock after selling 4,063 shares during the quarter. Charles Schwab Investment Management Inc. owned about 1.37% of Alpha Metallurgical Resources worth $22,477,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Signaturefd LLC lifted its position in 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 last quarter. AdvisorNet Financial Inc lifted its position in 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 buying an additional 150 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new position in Alpha Metallurgical Resources in the fourth quarter valued at about $60,000. Opal Wealth Advisors LLC acquired a new position in Alpha Metallurgical Resources in the first quarter valued at about $64,000. Finally, CWM LLC lifted its position in Alpha Metallurgical Resources by 1,205.1% in the first quarter. CWM LLC now owns 509 shares of the energy company's stock valued at $64,000 after buying 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 analysts have recently issued reports on the stock. B. Riley reduced their price target 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. Jefferies Financial Group increased their price target 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, Wall Street Zen raised shares of Alpha Metallurgical Resources from a "sell" rating to a "hold" rating in a research report on Saturday, August 16th. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $160.50.

Insider Activity at Alpha Metallurgical Resources

In related news, COO Jason E. Whitehead sold 12,004 shares of the firm's stock in a transaction that occurred 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 of the company's stock, 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 legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Joshua Todd Munsey sold 2,135 shares of the firm's stock in a transaction that occurred 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 directly owned 4,466 shares in the company, valued at approximately $701,162. This trade represents a 32.34% decrease in their position. The disclosure for this sale can be found here. 16.00% of the stock is owned by company insiders.

Alpha Metallurgical Resources Stock Performance

Shares of AMR traded up $0.79 during mid-day trading on Wednesday, hitting $145.73. 193,562 shares of the company's stock were exchanged, compared to its average volume of 449,571. The company has a market cap of $1.90 billion, a price-to-earnings ratio of -51.13 and a beta of 0.59. Alpha Metallurgical Resources, Inc. has a fifty-two week low of $97.41 and a fifty-two week high of $255.04. The stock's 50-day moving average is $126.56 and its 200-day moving average is $127.69.

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

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.