Alpha Metallurgical Resources, Inc. (NYSE:AMR) Stake Lowered by Crocodile Capital Partners GmbH

Crocodile Capital Partners GmbH decreased its holdings in shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR - Free Report) by 98.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,000 shares of the energy company's stock after selling 100,359 shares during the period. Alpha Metallurgical Resources accounts for about 1.1% of Crocodile Capital Partners GmbH's holdings, making the stock its 10th largest holding. Crocodile Capital Partners GmbH's holdings in Alpha Metallurgical Resources were worth $400,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Pacer Advisors Inc. boosted its holdings in shares of Alpha Metallurgical Resources by 30.2% during the 3rd quarter. Pacer Advisors Inc. now owns 798,584 shares of the energy company's stock valued at $188,610,000 after buying an additional 185,376 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Alpha Metallurgical Resources by 4.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 162,883 shares of the energy company's stock valued at $38,470,000 after acquiring an additional 7,241 shares during the period. Wellington Management Group LLP lifted its stake in Alpha Metallurgical Resources by 26.5% during the 3rd quarter. Wellington Management Group LLP now owns 48,515 shares of the energy company's stock valued at $11,458,000 after acquiring an additional 10,161 shares during the period. Barclays PLC grew its stake in shares of Alpha Metallurgical Resources by 309.2% in the third quarter. Barclays PLC now owns 18,646 shares of the energy company's stock worth $4,402,000 after acquiring an additional 14,089 shares during the period. Finally, Franklin Resources Inc. raised its holdings in shares of Alpha Metallurgical Resources by 4.6% during the third quarter. Franklin Resources Inc. now owns 18,344 shares of the energy company's stock valued at $4,105,000 after purchasing an additional 802 shares during the last quarter. Hedge funds and other institutional investors own 84.29% of the company's stock.

Insider Transactions at Alpha Metallurgical Resources

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

Analysts Set New Price Targets

Separately, Benchmark reaffirmed a "hold" rating on shares of Alpha Metallurgical Resources in a research report on Monday, November 4th.

Alpha Metallurgical Resources Trading Down 2.7 %

NYSE AMR traded down $5.48 on Friday, hitting $193.75. 142,575 shares of the company traded hands, compared to its average volume of 165,756. The business's 50 day moving average price is $214.32 and its 200-day moving average price is $230.38. Alpha Metallurgical Resources, Inc. has a 52-week low of $173.55 and a 52-week high of $452.00. The company has a market capitalization of $2.52 billion, a price-to-earnings ratio of 7.11 and a beta of 1.48.

Alpha Metallurgical Resources (NYSE:AMR - Get Free Report) last announced its quarterly earnings data 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 net margin of 11.08% and a return on equity of 22.65%. The company had revenue of $671.90 million for the quarter, compared to the consensus estimate of $672.95 million. During the same quarter last year, the firm posted $6.65 earnings per share. The company's revenue was down 9.4% compared to the same quarter last year. As a group, sell-side analysts predict that Alpha Metallurgical Resources, Inc. will post 16.87 earnings per share for the current year.

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.