Kingsview Wealth Management LLC Sells 136 Shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR)

Kingsview Wealth Management LLC decreased its stake in Alpha Metallurgical Resources, Inc. (NYSE:AMR) by 16.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 672 shares of the energy company’s stock after selling 136 shares during the period. Kingsview Wealth Management LLC’s holdings in Alpha Metallurgical Resources were worth $228,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the stock. GAMMA Investing LLC acquired a new stake in Alpha Metallurgical Resources during the 4th quarter valued at approximately $33,000. Wetzel Investment Advisors Inc. acquired a new stake in shares of Alpha Metallurgical Resources during the fourth quarter worth $34,000. Quadrant Capital Group LLC bought a new position in Alpha Metallurgical Resources during the fourth quarter worth $35,000. DekaBank Deutsche Girozentrale acquired a new position in Alpha Metallurgical Resources in the third quarter valued at $132,000. Finally, CI Investments Inc. bought a new stake in Alpha Metallurgical Resources during the third quarter valued at $188,000. 84.29% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Alpha Metallurgical Resources news, CEO Charles Andrew Eidson sold 30,000 shares of the company’s stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $363.06, for a total value of $10,891,800.00. Following the completion of the transaction, the chief executive officer now owns 50,025 shares in the company, valued at approximately $18,162,076.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director David J. Stetson sold 30,694 shares of the company’s stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $392.30, for a total value of $12,041,256.20. Following the transaction, the director now owns 26,054 shares in the company, valued at $10,220,984.20. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Charles Andrew Eidson sold 30,000 shares of the firm’s stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $363.06, for a total value of $10,891,800.00. Following the completion of the sale, the chief executive officer now directly owns 50,025 shares of the company’s stock, valued at $18,162,076.50. The disclosure for this sale can be found here. Over the last three months, insiders have sold 157,564 shares of company stock worth $56,522,531. 16.40% of the stock is owned by company insiders.

Alpha Metallurgical Resources Stock Performance

Shares of Alpha Metallurgical Resources stock opened at $304.52 on Thursday. Alpha Metallurgical Resources, Inc. has a 52 week low of $132.72 and a 52 week high of $452.00. The stock has a 50 day moving average price of $316.71 and a two-hundred day moving average price of $330.36. The stock has a market capitalization of $3.96 billion, a PE ratio of 7.38 and a beta of 1.38.

Alpha Metallurgical Resources (NYSE:AMR) last announced its quarterly earnings results on Monday, May 6th. The energy company reported $9.59 earnings per share for the quarter, missing the consensus estimate of $9.61 by ($0.02). The business had revenue of $864.07 million during the quarter, compared to the consensus estimate of $845.35 million. Alpha Metallurgical Resources had a net margin of 16.89% and a return on equity of 36.77%. Alpha Metallurgical Resources’s revenue was down 5.2% compared to the same quarter last year. During the same period in the previous year, the business posted $17.01 EPS. Research analysts forecast that Alpha Metallurgical Resources, Inc. will post 28.91 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms recently commented on AMR. B. Riley raised their target price on Alpha Metallurgical Resources from $374.00 to $375.00 and gave the stock a “buy” rating in a research note on Tuesday, May 7th. Benchmark reiterated a “hold” rating on shares of Alpha Metallurgical Resources in a research report on Tuesday, May 7th.

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.