Principal Financial Group Inc. Sells 14,804 Shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR)

Principal Financial Group Inc. reduced its position in Alpha Metallurgical Resources, Inc. (NYSE:AMR - Free Report) by 22.2% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 51,797 shares of the energy company's stock after selling 14,804 shares during the period. Principal Financial Group Inc. owned about 0.40% of Alpha Metallurgical Resources worth $12,233,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Creative Planning grew its stake in shares of Alpha Metallurgical Resources by 2.9% in the second quarter. Creative Planning now owns 1,529 shares of the energy company's stock worth $429,000 after acquiring an additional 43 shares during the period. GAMMA Investing LLC grew its position in Alpha Metallurgical Resources by 124.6% in the 3rd quarter. GAMMA Investing LLC now owns 137 shares of the energy company's stock worth $32,000 after purchasing an additional 76 shares during the period. Vanguard Personalized Indexing Management LLC raised its stake in Alpha Metallurgical Resources by 9.1% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 997 shares of the energy company's stock valued at $280,000 after buying an additional 83 shares during the last quarter. Federated Hermes Inc. bought a new position in shares of Alpha Metallurgical Resources during the 2nd quarter valued at $25,000. Finally, The Manufacturers Life Insurance Company lifted its holdings in shares of Alpha Metallurgical Resources by 1.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 6,695 shares of the energy company's stock valued at $1,878,000 after buying an additional 94 shares during the period. 84.29% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, Director Kenneth S. Courtis sold 10,621 shares of the firm's stock in a transaction 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 sale, the director now directly owns 603,342 shares in the company, valued at $138,002,415.66. This trade represents a 1.73 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 15.00% of the company's stock.

Alpha Metallurgical Resources Stock Up 1.1 %

AMR traded up $2.13 during trading on Monday, hitting $201.11. The company's stock had a trading volume of 155,329 shares, compared to its average volume of 213,006. The business's 50 day simple moving average is $224.79 and its 200-day simple moving average is $244.04. The firm has a market cap of $2.62 billion, a PE ratio of 7.38 and a beta of 1.46. Alpha Metallurgical Resources, Inc. has a one year low of $185.00 and a one year high of $452.00.

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

Analyst Ratings Changes

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

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.