Alpha Metallurgical Resources, Inc. (NYSE:AMR) Shares Sold by Geode Capital Management LLC

Geode Capital Management LLC cut its stake in shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR - Free Report) by 6.4% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 249,422 shares of the energy company's stock after selling 16,956 shares during the quarter. Geode Capital Management LLC owned approximately 1.92% of Alpha Metallurgical Resources worth $58,920,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Federated Hermes Inc. purchased a new position in shares of Alpha Metallurgical Resources in the 2nd quarter valued at about $25,000. GAMMA Investing LLC increased its position in shares of Alpha Metallurgical Resources by 124.6% during the third quarter. GAMMA Investing LLC now owns 137 shares of the energy company's stock worth $32,000 after purchasing an additional 76 shares in the last quarter. Harbor Capital Advisors Inc. purchased a new stake in shares of Alpha Metallurgical Resources in the 3rd quarter valued at about $36,000. Sound Income Strategies LLC acquired a new stake in shares of Alpha Metallurgical Resources in the 3rd quarter valued at about $40,000. Finally, Quest Partners LLC acquired a new stake in shares of Alpha Metallurgical Resources in the 3rd quarter valued at about $116,000. Institutional investors and hedge funds own 84.29% of the company's stock.

Analyst Ratings Changes

AMR has been the subject of several research analyst reports. B. Riley decreased their price objective on Alpha Metallurgical Resources from $374.00 to $336.00 and set a "buy" rating for the company in a report on Friday, September 6th. Benchmark reiterated a "hold" rating on shares of Alpha Metallurgical Resources in a research report on Monday, November 4th.

Insider Buying and Selling

In other news, Director Kenneth S. Courtis sold 10,621 shares of the firm's stock in a transaction on Friday, December 13th. The stock was sold at an average price of $228.73, for a total value of $2,429,341.33. Following the completion of the transaction, the director now owns 603,342 shares in the company, valued at $138,002,415.66. This trade represents a 1.73 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 15.00% of the stock is owned by insiders.

Alpha Metallurgical Resources Stock Down 1.7 %

NYSE AMR traded down $3.57 during trading hours on Friday, hitting $201.26. 478,879 shares of the stock were exchanged, compared to its average volume of 214,439. The company has a market cap of $2.62 billion, a price-to-earnings ratio of 7.39 and a beta of 1.46. Alpha Metallurgical Resources, Inc. has a 12-month low of $185.00 and a 12-month high of $452.00. The stock has a 50-day moving average of $226.66 and a 200 day moving average of $248.39.

Alpha Metallurgical Resources (NYSE:AMR - Get Free Report) last issued its earnings results on Friday, November 1st. The energy company reported $0.29 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.60 by ($1.31). Alpha Metallurgical Resources had a return on equity of 22.65% and a net margin of 11.08%. The business had revenue of $671.90 million for the quarter, compared to analysts' expectations of $672.95 million. During the same period last year, the company posted $6.65 earnings per share. The business's quarterly revenue was down 9.4% on a year-over-year basis. On average, equities research analysts expect that Alpha Metallurgical Resources, Inc. will post 16.87 earnings per share for the current year.

About Alpha Metallurgical Resources

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.