Bank of America Corp DE Sells 9,308 Shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR)

Bank of America Corp DE cut its holdings in shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR) by 50.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,207 shares of the energy company’s stock after selling 9,308 shares during the quarter. Bank of America Corp DE owned approximately 0.07% of Alpha Metallurgical Resources worth $1,843,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. New Age Alpha Advisors LLC bought a new stake in Alpha Metallurgical Resources during the fourth quarter valued at about $40,000. PNC Financial Services Group Inc. raised its holdings in Alpha Metallurgical Resources by 127.6% during the fourth quarter. PNC Financial Services Group Inc. now owns 289 shares of the energy company’s stock valued at $58,000 after acquiring an additional 162 shares during the period. Jones Financial Companies Lllp bought a new stake in Alpha Metallurgical Resources during the fourth quarter valued at about $82,000. KBC Group NV raised its holdings in Alpha Metallurgical Resources by 58.7% during the fourth quarter. KBC Group NV now owns 473 shares of the energy company’s stock valued at $95,000 after acquiring an additional 175 shares during the period. Finally, Arcus Capital Partners LLC bought a new stake in Alpha Metallurgical Resources during the fourth quarter valued at about $130,000. 84.29% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on AMR shares. B. Riley decreased their price target on Alpha Metallurgical Resources from $183.00 to $181.00 and set a “buy” rating on the stock in a report on Thursday, May 15th. Wall Street Zen lowered Alpha Metallurgical Resources from a “hold” rating to a “sell” rating in a research report on Thursday, May 22nd.

Alpha Metallurgical Resources Stock Up 1.2%

Shares of Alpha Metallurgical Resources stock opened at $111.49 on Wednesday. The firm has a market cap of $1.46 billion, a price-to-earnings ratio of 4.09 and a beta of 0.72. The business has a 50-day moving average price of $120.12 and a 200-day moving average price of $163.29. Alpha Metallurgical Resources, Inc. has a twelve month low of $100.00 and a twelve month high of $334.72.

Alpha Metallurgical Resources (NYSE:AMR) last issued its quarterly earnings data on Friday, May 9th. The energy company reported ($2.60) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.06) by ($1.54). The firm had revenue of $531.96 million for the quarter, compared to analysts’ expectations of $586.15 million. Alpha Metallurgical Resources had a net margin of 11.08% and a return on equity of 22.65%. The company’s revenue for the quarter was down 38.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $9.59 EPS. On average, equities analysts expect 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.