Victory Capital Management Inc. Has $3.95 Million Position in Alpha Metallurgical Resources, Inc. (NYSE:AMR)

Victory Capital Management Inc. trimmed its stake in Alpha Metallurgical Resources, Inc. (NYSE:AMR - Free Report) by 20.8% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 11,639 shares of the energy company's stock after selling 3,057 shares during the quarter. Victory Capital Management Inc. owned approximately 0.08% of Alpha Metallurgical Resources worth $3,945,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Fuller & Thaler Asset Management Inc. bought a new stake in Alpha Metallurgical Resources in the 3rd quarter valued at about $128,857,000. Dalal Street LLC boosted its position in shares of Alpha Metallurgical Resources by 21.7% during the third quarter. Dalal Street LLC now owns 441,510 shares of the energy company's stock worth $114,673,000 after buying an additional 78,861 shares during the period. Pacer Advisors Inc. bought a new position in Alpha Metallurgical Resources in the 4th quarter worth approximately $139,291,000. American Century Companies Inc. increased its position in Alpha Metallurgical Resources by 6.8% in the 3rd quarter. American Century Companies Inc. now owns 246,828 shares of the energy company's stock valued at $64,109,000 after acquiring an additional 15,692 shares during the period. Finally, Invesco Ltd. raised its stake in Alpha Metallurgical Resources by 180.9% during the 3rd quarter. Invesco Ltd. now owns 115,816 shares of the energy company's stock valued at $30,081,000 after acquiring an additional 74,583 shares in the last quarter. 84.29% of the stock is currently owned by institutional investors.

Insider Transactions at Alpha Metallurgical Resources

In related news, CAO Roger Lee Nicholson sold 6,629 shares of the stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $369.71, for a total transaction of $2,450,807.59. Following the completion of the sale, the chief accounting officer now directly owns 10,720 shares of the company's stock, valued at $3,963,291.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, CAO Roger Lee Nicholson sold 6,629 shares of the business's stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $369.71, for a total transaction of $2,450,807.59. Following the sale, the chief accounting officer now directly owns 10,720 shares of the company's stock, valued at $3,963,291.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Charles Andrew Eidson sold 30,000 shares of the stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $363.06, for a total value of $10,891,800.00. Following the completion of the transaction, the chief executive officer now owns 50,025 shares of the company's stock, valued at approximately $18,162,076.50. The disclosure for this sale can be found here. Insiders have sold 157,564 shares of company stock valued at $56,522,531 in the last quarter. Insiders own 16.40% of the company's stock.

Alpha Metallurgical Resources Stock Down 0.1 %

AMR traded down $0.38 during trading on Thursday, reaching $289.23. The stock had a trading volume of 124,047 shares, compared to its average volume of 235,743. Alpha Metallurgical Resources, Inc. has a 1-year low of $132.72 and a 1-year high of $452.00. The firm has a market capitalization of $3.76 billion, a price-to-earnings ratio of 7.01 and a beta of 1.38. The stock has a 50 day moving average of $321.96 and a two-hundred day moving average of $327.71.

Alpha Metallurgical Resources (NYSE:AMR - Get Free Report) last announced its earnings results on Monday, May 6th. The energy company reported $9.59 earnings per share for the quarter, missing the consensus estimate of $9.61 by ($0.02). Alpha Metallurgical Resources had a net margin of 16.89% and a return on equity of 36.77%. The firm had revenue of $864.07 million for the quarter, compared to the consensus estimate of $845.35 million. During the same period in the prior year, the business earned $17.01 EPS. The company's quarterly revenue was down 5.2% compared to the same quarter last year. On average, research analysts forecast that Alpha Metallurgical Resources, Inc. will post 28.91 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on AMR shares. B. Riley raised their price target on Alpha Metallurgical Resources from $374.00 to $375.00 and gave the company a "buy" rating in a report on Tuesday, May 7th. Benchmark reissued a "hold" rating on shares of Alpha Metallurgical Resources in a research note on Tuesday, May 7th.

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.