Alpha Metallurgical Resources, Inc. $AMR Position Lessened by Dalal Street LLC

Key Points

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Dalal Street LLC reduced its stake in shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR - Free Report) by 14.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 414,616 shares of the energy company's stock after selling 72,635 shares during the quarter. Alpha Metallurgical Resources accounts for approximately 22.1% of Dalal Street LLC's portfolio, making the stock its 3rd largest holding. Dalal Street LLC owned 3.18% of Alpha Metallurgical Resources worth $51,931,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Signaturefd LLC grew its position in 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 position in Alpha Metallurgical Resources by 214.3% during the first quarter. AdvisorNet Financial Inc now owns 220 shares of the energy company's stock worth $28,000 after buying an additional 150 shares during the period. Summit Securities Group LLC acquired a new position in Alpha Metallurgical Resources during the first quarter worth about $38,000. Public Employees Retirement System of Ohio acquired a new position in Alpha Metallurgical Resources during the fourth quarter worth about $60,000. Finally, Opal Wealth Advisors LLC acquired a new position in Alpha Metallurgical Resources during the first quarter worth about $64,000. 84.29% of the stock is currently owned by institutional investors and hedge funds.

Alpha Metallurgical Resources Trading Up 2.4%

Shares of AMR stock traded up $3.2790 during trading hours on Friday, hitting $141.4190. The company's stock had a trading volume of 331,488 shares, compared to its average volume of 456,208. The business has a fifty day moving average of $124.69 and a 200-day moving average of $127.68. The stock has a market cap of $1.85 billion, a price-to-earnings ratio of -49.62 and a beta of 0.59. Alpha Metallurgical Resources, Inc. has a twelve month low of $97.41 and a twelve month high of $255.04.

Alpha Metallurgical Resources (NYSE:AMR - Get Free Report) last released its quarterly earnings results on Friday, August 8th. The energy company reported ($0.38) EPS for the quarter, beating the consensus estimate of ($2.38) by $2.00. The business had revenue of $550.27 million for the quarter, compared to analyst estimates 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 company's quarterly revenue was down 31.6% on a year-over-year basis. During the same period in the prior year, the business earned $4.49 earnings per share. On average, equities analysts expect that Alpha Metallurgical Resources, Inc. will post 14.31 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have weighed in on AMR shares. Wall Street Zen upgraded shares of Alpha Metallurgical Resources from a "sell" rating to a "hold" rating in a research report on Saturday, August 16th. B. Riley lowered 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. Finally, Jefferies Financial Group increased their price target on shares of Alpha Metallurgical Resources from $110.00 to $150.00 and gave the company 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 given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $160.50.

Insider Activity at Alpha Metallurgical Resources

In related news, COO Jason E. Whitehead sold 12,004 shares of the company'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 transaction of $1,942,727.36. Following the transaction, the chief operating officer owned 9,673 shares of the company's stock, valued at approximately $1,565,478.32. This represents a 55.38% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Joshua Todd Munsey sold 2,135 shares of the company'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 transaction, the chief financial officer directly owned 4,466 shares in the company, valued at $701,162. The trade was a 32.34% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 16.00% of the company's stock.

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.