Malaga Cove Capital LLC Trims Holdings in Alpha Metallurgical Resources, Inc. $AMR

Malaga Cove Capital LLC reduced its holdings in shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR) by 16.0% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 3,784 shares of the energy company’s stock after selling 722 shares during the period. Malaga Cove Capital LLC’s holdings in Alpha Metallurgical Resources were worth $426,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Signaturefd LLC raised its holdings in shares of Alpha Metallurgical Resources by 306.1% in the first quarter. Signaturefd LLC now owns 199 shares of the energy company’s stock valued at $25,000 after buying an additional 150 shares during the last quarter. Summit Securities Group LLC purchased a new position in shares of Alpha Metallurgical Resources during the first quarter worth about $38,000. CWM LLC increased its position in 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 acquiring an additional 470 shares during the period. Caitong International Asset Management Co. Ltd purchased a new stake in Alpha Metallurgical Resources during the 1st quarter valued at approximately $93,000. Finally, Blue Trust Inc. raised its stake in Alpha Metallurgical Resources by 68.0% during the 2nd quarter. Blue Trust Inc. now owns 914 shares of the energy company’s stock valued at $103,000 after acquiring an additional 370 shares during the last quarter. 84.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

AMR has been the topic of a number of recent research reports. Jefferies Financial Group boosted their target price on Alpha Metallurgical Resources from $110.00 to $150.00 and gave the company a “hold” rating in a report on Monday, August 11th. B. Riley dropped their price objective on shares of 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. Weiss Ratings restated a “sell (d+)” rating on shares of Alpha Metallurgical Resources in a research report on Thursday, October 30th. Finally, Wall Street Zen raised shares of Alpha Metallurgical Resources from a “sell” rating to a “hold” rating in a report on Saturday, August 16th. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $160.50.

Insider Buying and Selling at Alpha Metallurgical Resources

In related news, Director Kenneth S. Courtis purchased 55,000 shares of Alpha Metallurgical Resources stock in a transaction dated Friday, September 12th. The stock was bought at an average cost of $142.64 per share, for a total transaction of $7,845,200.00. Following the transaction, the director owned 681,537 shares in the company, valued at approximately $97,214,437.68. The trade was a 8.78% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Jason E. Whitehead sold 12,004 shares of the business’s stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $161.84, for a total value of $1,942,727.36. Following the sale, the chief operating officer directly owned 9,673 shares in the company, valued at $1,565,478.32. This trade represents a 55.38% decrease in their position. The SEC filing for this sale provides additional information. 16.00% of the stock is currently owned by corporate insiders.

Alpha Metallurgical Resources Stock Performance

Alpha Metallurgical Resources stock opened at $171.13 on Friday. The company has a market cap of $2.23 billion, a P/E ratio of -60.05 and a beta of 0.89. Alpha Metallurgical Resources, Inc. has a one year low of $97.41 and a one year high of $255.04. The business has a fifty day moving average of $159.46 and a two-hundred day moving average of $135.82.

Alpha Metallurgical Resources (NYSE:AMR) last announced its quarterly earnings results on Thursday, November 6th. The energy company reported ($0.42) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.35) by ($0.07). Alpha Metallurgical Resources had a negative net margin of 1.57% and a negative return on equity of 2.28%. The company had revenue of $526.78 million during the quarter, compared to analysts’ expectations of $543.77 million. During the same quarter in the prior year, the business earned $0.29 EPS. The business’s revenue for the quarter was down 21.6% compared to the same quarter last year. Sell-side analysts predict that Alpha Metallurgical Resources, Inc. will post 14.31 EPS for the current year.

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.