Pacer Advisors Inc. Sells 52,361 Shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR)

Pacer Advisors Inc. lowered its position in shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR) by 6.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 746,223 shares of the energy company’s stock after selling 52,361 shares during the quarter. Pacer Advisors Inc. owned about 5.73% of Alpha Metallurgical Resources worth $149,334,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of AMR. GAMMA Investing LLC boosted its position in shares of Alpha Metallurgical Resources by 124.6% during the 3rd quarter. GAMMA Investing LLC now owns 137 shares of the energy company’s stock valued at $32,000 after purchasing an additional 76 shares in the last quarter. Harbor Capital Advisors Inc. acquired a new position in Alpha Metallurgical Resources in the third quarter valued at approximately $36,000. Sound Income Strategies LLC acquired a new position in Alpha Metallurgical Resources in the third quarter valued at approximately $40,000. FNY Investment Advisers LLC bought a new position in shares of Alpha Metallurgical Resources during the 4th quarter worth approximately $50,000. Finally, KBC Group NV grew its position in shares of Alpha Metallurgical Resources by 58.7% during the 4th quarter. KBC Group NV now owns 473 shares of the energy company’s stock worth $95,000 after buying an additional 175 shares during the period. 84.29% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Alpha Metallurgical Resources Price Performance

Shares of Alpha Metallurgical Resources stock opened at $193.75 on Monday. The business has a 50-day simple moving average of $214.32 and a 200 day simple moving average of $229.87. Alpha Metallurgical Resources, Inc. has a one year low of $173.55 and a one year high of $452.00. The firm 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) last released 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). Alpha Metallurgical Resources had a net margin of 11.08% and a return on equity of 22.65%. The firm had revenue of $671.90 million for the quarter, compared to the consensus estimate of $672.95 million. During the same quarter in the prior year, the firm earned $6.65 EPS. The company’s revenue was down 9.4% compared to the same quarter last year. On average, sell-side analysts expect that Alpha Metallurgical Resources, Inc. will post 16.87 EPS for the current year.

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 that occurred on 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 directly 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 position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 15.00% of the stock is currently owned by company insiders.

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.