Ritholtz Wealth Management Sells 111 Shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR)

Ritholtz Wealth Management cut its holdings in shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR) by 5.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,911 shares of the energy company’s stock after selling 111 shares during the quarter. Ritholtz Wealth Management’s holdings in Alpha Metallurgical Resources were worth $382,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in AMR. Federated Hermes Inc. bought a new stake in shares of Alpha Metallurgical Resources in the second quarter worth about $25,000. Vanguard Personalized Indexing Management LLC grew its position in Alpha Metallurgical Resources by 9.1% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 997 shares of the energy company’s stock worth $280,000 after acquiring an additional 83 shares in the last quarter. XTX Topco Ltd bought a new stake in Alpha Metallurgical Resources during the second quarter worth approximately $528,000. Sei Investments Co. raised its position in Alpha Metallurgical Resources by 200.9% during the second quarter. Sei Investments Co. now owns 9,596 shares of the energy company’s stock valued at $2,691,000 after purchasing an additional 6,407 shares during the period. Finally, Public Sector Pension Investment Board lifted its stake in shares of Alpha Metallurgical Resources by 4.9% in the 2nd quarter. Public Sector Pension Investment Board now owns 25,429 shares of the energy company’s stock valued at $7,134,000 after purchasing an additional 1,188 shares during the last quarter. Institutional investors own 84.29% of the company’s stock.

Alpha Metallurgical Resources Trading Up 2.3 %

Alpha Metallurgical Resources stock opened at $197.03 on Wednesday. Alpha Metallurgical Resources, Inc. has a 12-month low of $173.55 and a 12-month high of $452.00. The firm has a 50-day moving average price of $217.57 and a 200-day moving average price of $232.92. The firm has a market capitalization of $2.56 billion, a PE ratio of 7.23 and a beta of 1.48.

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

Wall Street Analyst Weigh In

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

Insider Buying and Selling

In related news, Director Kenneth S. Courtis sold 10,621 shares of the firm’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $228.73, for a total value of $2,429,341.33. Following the transaction, the director now 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 transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 16.40% of the stock is owned by corporate insiders.

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.