Nisa Investment Advisors LLC Lowers Stock Holdings in Alpha Metallurgical Resources, Inc. (NYSE:AMR)

Nisa Investment Advisors LLC trimmed its holdings in Alpha Metallurgical Resources, Inc. (NYSE:AMR) by 70.8% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 441 shares of the energy company’s stock after selling 1,069 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Alpha Metallurgical Resources were worth $55,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in AMR. New Age Alpha Advisors LLC purchased a new stake in shares of Alpha Metallurgical Resources in the fourth quarter worth about $40,000. AdvisorNet Financial Inc increased its stake in Alpha Metallurgical Resources by 214.3% in the 1st quarter. AdvisorNet Financial Inc now owns 220 shares of the energy company’s stock worth $28,000 after acquiring an additional 150 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of Alpha Metallurgical Resources by 127.6% during the 4th quarter. PNC Financial Services Group Inc. now owns 289 shares of the energy company’s stock worth $58,000 after acquiring an additional 162 shares in the last quarter. Public Employees Retirement System of Ohio bought a new position in shares of Alpha Metallurgical Resources during the 4th quarter valued at approximately $60,000. Finally, Opal Wealth Advisors LLC purchased a new position in shares of Alpha Metallurgical Resources in the first quarter valued at $64,000. 84.29% of the stock is currently owned by institutional investors.

Alpha Metallurgical Resources Stock Performance

NYSE:AMR opened at $124.44 on Friday. The firm has a market capitalization of $1.62 billion, a PE ratio of 61.60 and a beta of 0.66. The stock’s fifty day moving average is $114.19 and its 200 day moving average is $138.23. Alpha Metallurgical Resources, Inc. has a fifty-two week low of $97.41 and a fifty-two week high of $311.01.

Alpha Metallurgical Resources (NYSE:AMR) last announced its earnings results on Friday, May 9th. The energy company reported ($2.60) earnings per share for the quarter, missing the consensus estimate 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 analysts’ expectations of $586.15 million. During the same period in the prior year, the company posted $9.59 EPS. The company’s revenue was down 38.4% compared to the same quarter last year. Equities analysts forecast that Alpha Metallurgical Resources, Inc. will post 14.31 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on AMR. B. Riley decreased their price target on shares of Alpha Metallurgical Resources from $183.00 to $181.00 and set a “buy” rating on the stock in a research note on Thursday, May 15th. Jefferies Financial Group started coverage on shares of Alpha Metallurgical Resources in a research report on Tuesday, July 1st. They set a “hold” rating and a $110.00 target price on the stock. Finally, Wall Street Zen downgraded shares of Alpha Metallurgical Resources from a “hold” rating to a “sell” rating in a report on Thursday, May 22nd.

Alpha Metallurgical Resources Company 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.