Envestnet Portfolio Solutions Inc. Takes Position in Alpha Metallurgical Resources, Inc. $AMR

Envestnet Portfolio Solutions Inc. purchased a new position in shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR - Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 4,133 shares of the energy company's stock, valued at approximately $465,000.

Other large investors have also recently bought and sold shares of the company. Signaturefd LLC boosted its stake in Alpha Metallurgical Resources by 306.1% during the 1st quarter. Signaturefd LLC now owns 199 shares of the energy company's stock worth $25,000 after purchasing an additional 150 shares during the period. Summit Securities Group LLC acquired a new stake in Alpha Metallurgical Resources during the 1st quarter worth $38,000. CWM LLC boosted its stake in Alpha Metallurgical Resources by 1,205.1% during the 1st quarter. CWM LLC now owns 509 shares of the energy company's stock worth $64,000 after purchasing an additional 470 shares during the period. Caitong International Asset Management Co. Ltd acquired a new stake in Alpha Metallurgical Resources during the 1st quarter worth $93,000. Finally, Blue Trust Inc. boosted its stake in Alpha Metallurgical Resources by 68.0% during the 2nd quarter. Blue Trust Inc. now owns 914 shares of the energy company's stock worth $103,000 after purchasing an additional 370 shares during the period. Institutional investors and hedge funds own 84.29% of the company's stock.

Alpha Metallurgical Resources Stock Performance

AMR stock opened at $158.31 on Wednesday. Alpha Metallurgical Resources, Inc. has a one year low of $97.41 and a one year high of $255.04. The stock has a market capitalization of $2.07 billion, a PE ratio of -55.55 and a beta of 0.94. The company has a fifty day moving average of $154.47 and a 200-day moving average of $131.62.

Alpha Metallurgical Resources (NYSE:AMR - Get Free Report) last released its earnings results on Friday, August 8th. The energy company reported ($0.38) EPS 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 company had revenue of $550.27 million during the quarter, compared to analysts' expectations of $552.15 million. During the same quarter last year, the business earned $4.49 EPS. The business's revenue was down 31.6% on a year-over-year basis. Equities analysts forecast that Alpha Metallurgical Resources, Inc. will post 14.31 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on AMR shares. 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 note on Monday, August 11th. B. Riley decreased their price target 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. Weiss Ratings reiterated a "sell (d)" rating on shares of Alpha Metallurgical Resources in a research note on Wednesday, October 8th. Finally, Wall Street Zen upgraded shares of Alpha Metallurgical Resources from a "sell" rating to a "hold" rating in a research note on Saturday, August 16th. One analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $160.50.

Insider Activity

In other news, CFO Joshua Todd Munsey sold 2,135 shares of the 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 completion of the transaction, the chief financial officer owned 4,466 shares in the company, valued at $701,162. This trade represents a 32.34% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Jason E. Whitehead sold 12,004 shares of the 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 owned 9,673 shares of the company's stock, valued at $1,565,478.32. This represents a 55.38% decrease in their position. The disclosure for this sale can be found here. 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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