Nomura Holdings Inc. Acquires 29,002 Shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR)

Nomura Holdings Inc. boosted its position in shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR - Free Report) by 1,706.0% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 30,702 shares of the energy company's stock after buying an additional 29,002 shares during the quarter. Nomura Holdings Inc. owned approximately 0.24% of Alpha Metallurgical Resources worth $6,144,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Summit Investment Advisors Inc. raised its holdings in Alpha Metallurgical Resources by 6.8% in the 4th quarter. Summit Investment Advisors Inc. now owns 1,150 shares of the energy company's stock worth $230,000 after purchasing an additional 73 shares in the last quarter. Bank of Montreal Can raised its holdings in Alpha Metallurgical Resources by 6.0% in the 4th quarter. Bank of Montreal Can now owns 1,318 shares of the energy company's stock worth $264,000 after purchasing an additional 75 shares in the last quarter. X Square Capital LLC increased its stake in shares of Alpha Metallurgical Resources by 2.9% in the 4th quarter. X Square Capital LLC now owns 3,005 shares of the energy company's stock worth $601,000 after acquiring an additional 84 shares in the last quarter. Swiss National Bank increased its stake in shares of Alpha Metallurgical Resources by 0.5% in the 4th quarter. Swiss National Bank now owns 21,700 shares of the energy company's stock worth $4,343,000 after acquiring an additional 100 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC increased its stake in shares of Alpha Metallurgical Resources by 2.1% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 7,586 shares of the energy company's stock worth $1,518,000 after acquiring an additional 159 shares in the last quarter. 84.29% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, B. Riley decreased their price target on shares of Alpha Metallurgical Resources from $183.00 to $181.00 and set a "buy" rating for the company in a research note on Thursday.

Alpha Metallurgical Resources Stock Performance

Shares of Alpha Metallurgical Resources stock traded down $2.68 during trading on Monday, hitting $122.73. The company's stock had a trading volume of 210,563 shares, compared to its average volume of 237,123. The company has a fifty day simple moving average of $123.11 and a two-hundred day simple moving average of $172.41. The company has a market capitalization of $1.60 billion, a PE ratio of 4.50 and a beta of 0.72. Alpha Metallurgical Resources, Inc. has a 52 week low of $100.00 and a 52 week high of $334.72.

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

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.