Ameriprise Financial Inc. Has $5.86 Million Position in Alpha Metallurgical Resources, Inc. (NYSE:AMR)

Ameriprise Financial Inc. reduced its stake in Alpha Metallurgical Resources, Inc. (NYSE:AMR) by 3.8% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 29,283 shares of the energy company’s stock after selling 1,165 shares during the quarter. Ameriprise Financial Inc. owned approximately 0.22% of Alpha Metallurgical Resources worth $5,860,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP lifted its holdings in Alpha Metallurgical Resources by 4.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 736,379 shares of the energy company’s stock worth $147,366,000 after purchasing an additional 28,225 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in Alpha Metallurgical Resources by 0.8% in the 4th quarter. Renaissance Technologies LLC now owns 540,215 shares of the energy company’s stock worth $108,108,000 after purchasing an additional 4,200 shares during the last quarter. Dalal Street LLC lifted its holdings in Alpha Metallurgical Resources by 1.6% in the 4th quarter. Dalal Street LLC now owns 487,251 shares of the energy company’s stock worth $97,509,000 after purchasing an additional 7,553 shares during the last quarter. American Century Companies Inc. lifted its holdings in Alpha Metallurgical Resources by 9.8% in the 4th quarter. American Century Companies Inc. now owns 359,006 shares of the energy company’s stock worth $71,844,000 after purchasing an additional 32,027 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Alpha Metallurgical Resources by 12.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 183,519 shares of the energy company’s stock worth $36,726,000 after purchasing an additional 20,636 shares during the last quarter. 84.29% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. B. Riley reduced their target price on Alpha Metallurgical Resources from $183.00 to $181.00 and set a “buy” rating for the company in a report on Thursday, May 15th. Wall Street Zen lowered Alpha Metallurgical Resources from a “hold” rating to a “sell” rating in a report on Thursday.

Alpha Metallurgical Resources Stock Up 1.2%

Shares of AMR stock opened at $116.40 on Friday. Alpha Metallurgical Resources, Inc. has a 12 month low of $100.00 and a 12 month high of $334.72. The firm has a market cap of $1.52 billion, a PE ratio of 4.27 and a beta of 0.72. The stock has a 50 day moving average of $122.05 and a 200-day moving average of $169.75.

Alpha Metallurgical Resources (NYSE:AMR) last issued its quarterly earnings results on Friday, May 9th. The energy company reported ($2.60) EPS for the quarter, missing analysts’ consensus estimates of ($1.06) by ($1.54). Alpha Metallurgical Resources had a return on equity of 22.65% and a net margin of 11.08%. The business had revenue of $531.96 million for the quarter, compared to analyst estimates of $586.15 million. During the same quarter last year, the firm earned $9.59 earnings per share. The firm’s quarterly revenue was down 38.4% compared to the same quarter last year. As a group, equities analysts predict that Alpha Metallurgical Resources, Inc. will post 14.31 EPS for the current fiscal year.

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.