Tidal Investments LLC Sells 697 Shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR)

Tidal Investments LLC trimmed its stake in Alpha Metallurgical Resources, Inc. (NYSE:AMR) by 8.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,564 shares of the energy company’s stock after selling 697 shares during the quarter. Tidal Investments LLC owned 0.06% of Alpha Metallurgical Resources worth $1,786,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in AMR. SummerHaven Investment Management LLC raised its stake in shares of Alpha Metallurgical Resources by 1.0% in the second quarter. SummerHaven Investment Management LLC now owns 4,876 shares of the energy company’s stock worth $1,368,000 after purchasing an additional 48 shares during the last quarter. Allspring Global Investments Holdings LLC raised its stake in shares of Alpha Metallurgical Resources by 526.4% in the second quarter. Allspring Global Investments Holdings LLC now owns 1,516 shares of the energy company’s stock worth $425,000 after purchasing an additional 1,274 shares during the last quarter. Meixler Investment Management Ltd. raised its stake in shares of Alpha Metallurgical Resources by 1.4% in the second quarter. Meixler Investment Management Ltd. now owns 5,596 shares of the energy company’s stock worth $1,570,000 after purchasing an additional 78 shares during the last quarter. Hosking Partners LLP purchased a new position in shares of Alpha Metallurgical Resources in the second quarter worth $5,123,000. Finally, Deuterium Capital Management LLC purchased a new position in shares of Alpha Metallurgical Resources in the second quarter worth $252,000. 84.29% of the stock is owned by institutional investors.

Insider Buying and Selling at Alpha Metallurgical Resources

In other Alpha Metallurgical Resources news, Director Kenneth S. Courtis sold 10,621 shares of the business’s stock in a transaction dated Friday, December 13th. The stock was 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 owns 603,342 shares of the company’s stock, valued at approximately $138,002,415.66. The trade was a 1.73 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 15.00% of the stock is currently owned by corporate insiders.

Alpha Metallurgical Resources Stock Performance

Alpha Metallurgical Resources stock opened at $211.41 on Wednesday. The stock has a market cap of $2.75 billion, a PE ratio of 7.76 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. The stock has a fifty day moving average of $227.78 and a 200 day moving average of $250.67.

Alpha Metallurgical Resources (NYSE:AMR) last posted its quarterly earnings data on Friday, November 1st. The energy company reported $0.29 EPS for the quarter, missing analysts’ consensus estimates of $1.60 by ($1.31). The firm had revenue of $671.90 million for the quarter, compared to analysts’ expectations of $672.95 million. Alpha Metallurgical Resources had a net margin of 11.08% and a return on equity of 22.65%. The firm’s revenue was down 9.4% compared to the same quarter last year. During the same quarter last year, the company posted $6.65 EPS. As a group, sell-side analysts predict that Alpha Metallurgical Resources, Inc. will post 16.87 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. Benchmark restated a “hold” rating on shares of Alpha Metallurgical Resources in a research note on Monday, November 4th. B. Riley reduced their price objective on 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 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.