DekaBank Deutsche Girozentrale Grows Stock Holdings in Alpha Metallurgical Resources, Inc. (NYSE:AMR)

DekaBank Deutsche Girozentrale increased its stake in shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR) by 40.2% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,385 shares of the energy company’s stock after buying an additional 397 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Alpha Metallurgical Resources were worth $173,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in AMR. AdvisorNet Financial Inc lifted its holdings in shares of Alpha Metallurgical Resources by 214.3% in the first quarter. AdvisorNet Financial Inc now owns 220 shares of the energy company’s stock valued at $28,000 after purchasing an additional 150 shares in the last quarter. New Age Alpha Advisors LLC purchased a new stake in shares of Alpha Metallurgical Resources in the fourth quarter valued at about $40,000. PNC Financial Services Group Inc. lifted its holdings in shares of Alpha Metallurgical Resources by 127.6% in the fourth quarter. PNC Financial Services Group Inc. now owns 289 shares of the energy company’s stock valued at $58,000 after purchasing an additional 162 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new stake in shares of Alpha Metallurgical Resources in the fourth quarter valued at about $60,000. Finally, Opal Wealth Advisors LLC purchased a new stake in shares of Alpha Metallurgical Resources in the first quarter valued at about $64,000. Hedge funds and other institutional investors own 84.29% of the company’s stock.

Analyst Ratings Changes

AMR has been the topic of several recent research reports. Wall Street Zen downgraded shares of Alpha Metallurgical Resources from a “hold” rating to a “sell” rating in a report on Thursday, May 22nd. B. Riley cut their price objective on shares of Alpha Metallurgical Resources from $183.00 to $181.00 and set a “buy” rating for the company in a research report on Thursday, May 15th. Finally, Jefferies Financial Group initiated coverage on shares of Alpha Metallurgical Resources in a research report on Tuesday, July 1st. They issued a “hold” rating and a $110.00 price objective for the company.

Alpha Metallurgical Resources Price Performance

NYSE:AMR opened at $116.86 on Tuesday. The firm has a 50 day simple moving average of $114.94 and a 200-day simple moving average of $139.68. The firm has a market cap of $1.52 billion, a PE ratio of 57.85 and a beta of 0.66. Alpha Metallurgical Resources, Inc. has a 1-year low of $97.41 and a 1-year high of $326.69.

Alpha Metallurgical Resources (NYSE:AMR) last posted 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). Alpha Metallurgical Resources had a net margin of 1.01% and a return on equity of 1.62%. The firm had revenue of $531.96 million during the quarter, compared to analyst estimates of $586.15 million. During the same period in the prior year, the firm earned $9.59 EPS. The business’s quarterly revenue was down 38.4% on a year-over-year basis. As a group, sell-side analysts expect that Alpha Metallurgical Resources, Inc. will post 14.31 earnings per share 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.