DekaBank Deutsche Girozentrale Sells 99 Shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR)

DekaBank Deutsche Girozentrale reduced its stake in shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR) by 20.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 397 shares of the energy company’s stock after selling 99 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Alpha Metallurgical Resources were worth $133,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in AMR. Advisor Group Holdings Inc. boosted its position in shares of Alpha Metallurgical Resources by 16,462.5% during the first quarter. Advisor Group Holdings Inc. now owns 1,325 shares of the energy company’s stock valued at $174,000 after buying an additional 1,317 shares during the period. JPMorgan Chase & Co. boosted its position in shares of Alpha Metallurgical Resources by 111.5% during the first quarter. JPMorgan Chase & Co. now owns 87,196 shares of the energy company’s stock valued at $11,506,000 after buying an additional 45,975 shares during the period. Sei Investments Co. purchased a new position in shares of Alpha Metallurgical Resources during the first quarter valued at approximately $200,000. Ergoteles LLC purchased a new position in shares of Alpha Metallurgical Resources during the first quarter valued at approximately $3,044,000. Finally, XTX Topco Ltd purchased a new position in shares of Alpha Metallurgical Resources during the first quarter valued at approximately $255,000. 84.29% of the stock is owned by institutional investors.

Alpha Metallurgical Resources Stock Performance

Shares of NYSE AMR opened at $342.25 on Thursday. The firm has a market capitalization of $4.45 billion, a price-to-earnings ratio of 7.03 and a beta of 1.35. The stock has a 50 day moving average price of $348.56 and a 200 day moving average price of $316.05. Alpha Metallurgical Resources, Inc. has a 52-week low of $132.72 and a 52-week high of $452.00.

Alpha Metallurgical Resources (NYSE:AMR) last announced its quarterly earnings results on Monday, February 26th. The energy company reported $12.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $8.78 by $4.10. The firm had revenue of $959.90 million during the quarter, compared to analyst estimates of $796.65 million. Alpha Metallurgical Resources had a return on equity of 46.22% and a net margin of 20.80%. Alpha Metallurgical Resources’s quarterly revenue was up 16.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $13.37 earnings per share. Analysts forecast that Alpha Metallurgical Resources, Inc. will post 37.3 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, B. Riley dropped their target price on Alpha Metallurgical Resources from $381.00 to $374.00 and set a “buy” rating for the company in a research report on Monday.

Insider Activity at Alpha Metallurgical Resources

In related news, CEO Charles Andrew Eidson sold 30,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $363.06, for a total value of $10,891,800.00. Following the completion of the sale, the chief executive officer now owns 50,025 shares in the company, valued at $18,162,076.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Alpha Metallurgical Resources news, CAO Roger Lee Nicholson sold 6,629 shares of the company’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 completion of the sale, the chief accounting officer now owns 10,720 shares in the company, valued at $3,963,291.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Charles Andrew Eidson sold 30,000 shares of the company’s stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $363.06, for a total value of $10,891,800.00. Following the sale, 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. Over the last quarter, insiders sold 153,971 shares of company stock worth $55,479,986. Company insiders own 16.40% 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.