Nomura Holdings Inc. Increases Stock Position in Alpha Metallurgical Resources, Inc. (NYSE:AMR)

Nomura Holdings Inc. boosted its position in Alpha Metallurgical Resources, Inc. (NYSE:AMR - Free Report) by 1,706.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 30,702 shares of the energy company's stock after acquiring an additional 29,002 shares during the period. Nomura Holdings Inc. owned 0.24% of Alpha Metallurgical Resources worth $6,144,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Summit Investment Advisors Inc. grew its position in Alpha Metallurgical Resources by 6.8% during the 4th quarter. Summit Investment Advisors Inc. now owns 1,150 shares of the energy company's stock worth $230,000 after acquiring an additional 73 shares during the last quarter. Bank of Montreal Can raised its holdings in Alpha Metallurgical Resources by 6.0% in the fourth 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 lifted its position in Alpha Metallurgical Resources by 2.9% during the fourth quarter. X Square Capital LLC now owns 3,005 shares of the energy company's stock valued at $601,000 after buying an additional 84 shares during the period. Swiss National Bank grew its stake in shares of Alpha Metallurgical Resources by 0.5% in the fourth 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 during the last quarter. Finally, O Shaughnessy Asset Management LLC raised its holdings in shares of Alpha Metallurgical Resources by 2.1% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 7,586 shares of the energy company's stock valued at $1,518,000 after purchasing an additional 159 shares during the last quarter. Institutional investors own 84.29% of the company's stock.

Analyst Upgrades and Downgrades

Separately, B. Riley lowered their price objective 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.

Alpha Metallurgical Resources Stock Performance

AMR stock traded up $0.93 during mid-day trading on Wednesday, reaching $124.09. 33,759 shares of the stock traded hands, compared to its average volume of 235,718. The business has a 50-day moving average price of $122.77 and a two-hundred day moving average price of $171.52. The stock has a market capitalization of $1.62 billion, a PE ratio of 4.55 and a beta of 0.72. Alpha Metallurgical Resources, Inc. has a one year low of $100.00 and a one year high of $334.72.

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

About Alpha Metallurgical Resources

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.