DekaBank Deutsche Girozentrale Trims Stake in Alpha Metallurgical Resources, Inc. (NYSE:AMR)

DekaBank Deutsche Girozentrale decreased its stake in shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR) by 58.1% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 580 shares of the energy company’s stock after selling 805 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Alpha Metallurgical Resources were worth $163,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in AMR. Janney Montgomery Scott LLC increased its position in Alpha Metallurgical Resources by 10.3% during the 4th quarter. Janney Montgomery Scott LLC now owns 2,172 shares of the energy company’s stock worth $736,000 after purchasing an additional 202 shares in the last quarter. Quadrant Capital Group LLC purchased a new stake in shares of Alpha Metallurgical Resources during the fourth quarter worth about $35,000. Norges Bank acquired a new position in shares of Alpha Metallurgical Resources in the fourth quarter valued at approximately $21,900,000. Chesapeake Capital Corp IL purchased a new position in shares of Alpha Metallurgical Resources during the fourth quarter valued at approximately $1,535,000. Finally, TD Asset Management Inc purchased a new position in shares of Alpha Metallurgical Resources during the fourth quarter valued at approximately $1,627,000. 84.29% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

AMR has been the subject of several recent analyst reports. Benchmark reaffirmed a “hold” rating on shares of Alpha Metallurgical Resources in a research note on Tuesday, August 6th. B. Riley dropped their target price on Alpha Metallurgical Resources from $374.00 to $336.00 and set a “buy” rating for the company in a research note on Friday, September 6th.

Alpha Metallurgical Resources Stock Performance

Alpha Metallurgical Resources stock opened at $211.67 on Friday. Alpha Metallurgical Resources, Inc. has a 1 year low of $185.00 and a 1 year high of $452.00. The firm has a 50 day moving average price of $247.88 and a 200 day moving average price of $291.32. The company has a market cap of $2.75 billion, a price-to-earnings ratio of 5.13 and a beta of 1.30.

Alpha Metallurgical Resources (NYSE:AMR) last released its quarterly earnings data on Monday, August 5th. The energy company reported $4.49 EPS for the quarter, topping analysts’ consensus estimates of $4.46 by $0.03. The business had revenue of $804.00 million during the quarter, compared to the consensus estimate of $733.05 million. Alpha Metallurgical Resources had a return on equity of 28.63% and a net margin of 13.52%. The business’s revenue for the quarter was down 6.3% on a year-over-year basis. During the same period in the prior year, the firm posted $12.16 EPS. Sell-side analysts predict that Alpha Metallurgical Resources, Inc. will post 20.67 EPS for the current 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.