Alpha Metallurgical Resources, Inc. $AMR Shares Sold by Linden Thomas Advisory Services LLC

Linden Thomas Advisory Services LLC cut its position in Alpha Metallurgical Resources, Inc. (NYSE:AMR) by 1.5% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,624 shares of the energy company’s stock after selling 116 shares during the quarter. Linden Thomas Advisory Services LLC owned approximately 0.06% of Alpha Metallurgical Resources worth $858,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Mutual Advisors LLC purchased a new stake in Alpha Metallurgical Resources in the first quarter valued at approximately $603,000. Principal Financial Group Inc. increased its holdings in shares of Alpha Metallurgical Resources by 2.3% in the 1st quarter. Principal Financial Group Inc. now owns 54,592 shares of the energy company’s stock valued at $6,838,000 after acquiring an additional 1,234 shares during the period. Goehring & Rozencwajg Associates LLC raised its position in Alpha Metallurgical Resources by 2.6% in the 1st quarter. Goehring & Rozencwajg Associates LLC now owns 73,689 shares of the energy company’s stock valued at $9,212,000 after purchasing an additional 1,889 shares during the last quarter. Stratos Wealth Advisors LLC raised its position in Alpha Metallurgical Resources by 6.0% in the 1st quarter. Stratos Wealth Advisors LLC now owns 10,719 shares of the energy company’s stock valued at $1,343,000 after purchasing an additional 604 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale boosted its stake in Alpha Metallurgical Resources by 40.2% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 1,385 shares of the energy company’s stock worth $173,000 after purchasing an additional 397 shares during the period. Hedge funds and other institutional investors own 84.29% of the company’s stock.

Alpha Metallurgical Resources Price Performance

AMR opened at $164.83 on Monday. Alpha Metallurgical Resources, Inc. has a 12 month low of $97.41 and a 12 month high of $255.04. The stock has a market capitalization of $2.15 billion, a P/E ratio of -57.84 and a beta of 0.94. The business has a 50 day simple moving average of $154.48 and a 200-day simple moving average of $132.71.

Alpha Metallurgical Resources (NYSE:AMR) last released its quarterly earnings data on Friday, August 8th. The energy company reported ($0.38) earnings per share (EPS) for the quarter, topping the consensus estimate of ($2.38) by $2.00. Alpha Metallurgical Resources had a negative return on equity of 2.28% and a negative net margin of 1.57%.The firm had revenue of $550.27 million during the quarter, compared to analysts’ expectations of $552.15 million. During the same quarter in the prior year, the business posted $4.49 earnings per share. Alpha Metallurgical Resources’s revenue was down 31.6% compared to the same quarter last year. Research analysts anticipate that Alpha Metallurgical Resources, Inc. will post 14.31 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on AMR shares. Jefferies Financial Group upped their target price on shares of Alpha Metallurgical Resources from $110.00 to $150.00 and gave the company a “hold” rating in a report on Monday, August 11th. Wall Street Zen upgraded Alpha Metallurgical Resources from a “sell” rating to a “hold” rating in a research report on Saturday, August 16th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Alpha Metallurgical Resources in a research report on Wednesday, October 8th. Finally, B. Riley lowered their target price on Alpha Metallurgical Resources from $173.00 to $171.00 and set a “buy” rating on the stock in a research note on Tuesday, August 5th. One analyst has rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $160.50.

Insider Buying and Selling

In related news, Director Kenneth S. Courtis bought 53,000 shares of the stock in a transaction on Monday, September 15th. The shares were bought at an average cost of $154.68 per share, for a total transaction of $8,198,040.00. Following the completion of the transaction, the director owned 734,537 shares of the company’s stock, valued at $113,618,183.16. This represents a 7.78% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, 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 directly owned 9,673 shares of the company’s stock, valued at approximately $1,565,478.32. This trade represents a 55.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. 16.00% of the stock is owned by insiders.

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.