Truist Financial Corp cut its holdings in shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR – Free Report) by 3.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,462 shares of the energy company’s stock after selling 78 shares during the quarter. Truist Financial Corp’s holdings in Alpha Metallurgical Resources were worth $834,000 as of its most recent SEC filing.
Other large investors have also added to or reduced their stakes in the company. Fuller & Thaler Asset Management Inc. acquired a new position in shares of Alpha Metallurgical Resources in the third quarter valued at $128,857,000. Dalal Street LLC grew its stake in Alpha Metallurgical Resources by 21.7% in the 3rd quarter. Dalal Street LLC now owns 441,510 shares of the energy company’s stock valued at $114,673,000 after buying an additional 78,861 shares during the last quarter. Pacer Advisors Inc. bought a new position in Alpha Metallurgical Resources in the 4th quarter valued at about $139,291,000. American Century Companies Inc. lifted its position in Alpha Metallurgical Resources by 6.8% during the third quarter. American Century Companies Inc. now owns 246,828 shares of the energy company’s stock worth $64,109,000 after acquiring an additional 15,692 shares during the last quarter. Finally, Invesco Ltd. boosted its holdings in shares of Alpha Metallurgical Resources by 180.9% during the third quarter. Invesco Ltd. now owns 115,816 shares of the energy company’s stock worth $30,081,000 after acquiring an additional 74,583 shares during the period. Institutional investors own 84.29% of the company’s stock.
Alpha Metallurgical Resources Stock Down 1.4 %
Shares of NYSE:AMR opened at $286.46 on Wednesday. Alpha Metallurgical Resources, Inc. has a 12-month low of $132.72 and a 12-month high of $452.00. The company’s 50 day moving average price is $323.80 and its two-hundred day moving average price is $327.98. The firm has a market cap of $3.73 billion, a PE ratio of 6.94 and a beta of 1.38.
Alpha Metallurgical Resources (NYSE:AMR – Get Free Report) last issued its quarterly earnings results on Monday, May 6th. The energy company reported $9.59 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $9.61 by ($0.02). The company had revenue of $864.07 million for the quarter, compared to analyst estimates of $845.35 million. Alpha Metallurgical Resources had a return on equity of 36.77% and a net margin of 16.89%. The company’s quarterly revenue was down 5.2% compared to the same quarter last year. During the same period in the prior year, the company earned $17.01 EPS. On average, research analysts expect that Alpha Metallurgical Resources, Inc. will post 28.91 EPS for the current year.
Insider Buying and Selling
In related news, Director David J. Stetson sold 30,694 shares of the company’s stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $392.30, for a total transaction of $12,041,256.20. Following the completion of the sale, the director now owns 26,054 shares of the company’s stock, valued at $10,220,984.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Alpha Metallurgical Resources news, Director David J. Stetson sold 30,694 shares of the firm’s stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $392.30, for a total value of $12,041,256.20. Following the transaction, the director now directly owns 26,054 shares of the company’s stock, valued at approximately $10,220,984.20. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Kenneth S. Courtis sold 22,802 shares of the company’s stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $302.81, for a total transaction of $6,904,673.62. Following the sale, the director now directly owns 638,234 shares of the company’s stock, valued at approximately $193,263,637.54. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 153,971 shares of company stock worth $55,479,986. Company insiders own 15.00% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently weighed in on the company. B. Riley increased their target price on Alpha Metallurgical Resources from $374.00 to $375.00 and gave the stock a “buy” rating in a research note on Tuesday, May 7th. Benchmark reissued a “hold” rating on shares of Alpha Metallurgical Resources in a report on Tuesday, May 7th.
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.
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