Invesco Ltd. Has $7.77 Million Stock Holdings in Alpha Metallurgical Resources, Inc. $AMR

Key Points

• Invesco Ltd. reduced its stake in Alpha Metallurgical Resources by 38.4% during the first quarter, leading to ownership of approximately 0.47% of the company valued at about $7.77 million.
• Several institutional investors have increased their positions in Alpha Metallurgical Resources, with GAMMA Investing LLC boosting its investment by an extraordinary 11,100.3% in the first quarter.
• Alpha Metallurgical Resources reported a quarterly earnings per share of ($0.38), beating analyst expectations, but its revenue declined 31.6% year-over-year.

Invesco Ltd. decreased its holdings in shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR - Free Report) by 38.4% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 61,995 shares of the energy company's stock after selling 38,594 shares during the period. Invesco Ltd. owned approximately 0.47% of Alpha Metallurgical Resources worth $7,765,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Signaturefd LLC increased its position in shares of Alpha Metallurgical Resources by 306.1% in the 1st quarter. Signaturefd LLC now owns 199 shares of the energy company's stock valued at $25,000 after buying an additional 150 shares in the last quarter. AdvisorNet Financial Inc increased its position in shares of Alpha Metallurgical Resources by 214.3% in the 1st quarter. AdvisorNet Financial Inc now owns 220 shares of the energy company's stock valued at $28,000 after buying an additional 150 shares in the last quarter. Public Employees Retirement System of Ohio bought a new stake in shares of Alpha Metallurgical Resources in the 4th quarter valued at $60,000. Opal Wealth Advisors LLC bought a new stake in shares of Alpha Metallurgical Resources in the 1st quarter valued at $64,000. Finally, CWM LLC increased its position in shares of Alpha Metallurgical Resources by 1,205.1% in the 1st quarter. CWM LLC now owns 509 shares of the energy company's stock valued at $64,000 after buying an additional 470 shares in the last quarter. Institutional investors own 84.29% of the company's stock.

Insiders Place Their Bets

In other news, 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 directly owned 9,673 shares in the company, valued at $1,565,478.32. This represents a 55.38% decrease in their position. The transaction 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 stock in a transaction dated Tuesday, August 12th. The stock was 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 of the company's stock, valued at approximately $701,162. This represents 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 currently owned by corporate insiders.

Alpha Metallurgical Resources Stock Performance

NYSE AMR traded up $3.80 on Friday, reaching $149.68. The company had a trading volume of 231,389 shares, compared to its average volume of 435,580. The firm 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, Inc. has a 1-year low of $97.41 and a 1-year high of $255.04. The company's fifty day moving average is $128.02 and its 200-day moving average is $126.42.

Alpha Metallurgical Resources (NYSE:AMR - Get Free Report) last announced its earnings results on Friday, August 8th. The energy company reported ($0.38) earnings per share for the quarter, topping analysts' consensus estimates of ($2.38) by $2.00. The firm had revenue of $550.27 million during 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 revenue for the quarter was down 31.6% compared to the same quarter last year. During the same period in the prior year, the business earned $4.49 EPS. On average, research analysts forecast that Alpha Metallurgical Resources, Inc. will post 14.31 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts recently commented on AMR shares. Jefferies Financial Group upped their price objective 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. 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 report on Tuesday, August 5th. Finally, 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. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $160.50.

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.