Alpha Metallurgical Resources, Inc. (NYSE:AMR) Shares Sold by Deutsche Bank AG

Deutsche Bank AG trimmed its position in shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR - Free Report) by 7.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 39,701 shares of the energy company's stock after selling 3,341 shares during the quarter. Deutsche Bank AG owned approximately 0.30% of Alpha Metallurgical Resources worth $7,945,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. BNP Paribas Financial Markets purchased a new stake in shares of Alpha Metallurgical Resources during the fourth quarter worth about $1,862,000. Algert Global LLC raised its holdings in shares of Alpha Metallurgical Resources by 157.6% during the 4th quarter. Algert Global LLC now owns 9,128 shares of the energy company's stock valued at $1,827,000 after buying an additional 5,584 shares during the period. PDT Partners LLC purchased a new stake in shares of Alpha Metallurgical Resources during the 4th quarter valued at about $1,024,000. Northern Trust Corp raised its holdings in shares of Alpha Metallurgical Resources by 6.0% during the 4th quarter. Northern Trust Corp now owns 121,652 shares of the energy company's stock valued at $24,345,000 after buying an additional 6,905 shares during the period. Finally, Susquehanna Fundamental Investments LLC purchased a new stake in shares of Alpha Metallurgical Resources during the 4th quarter valued at about $2,528,000. 84.29% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, B. Riley decreased their target price on 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.

Alpha Metallurgical Resources Price Performance

NYSE:AMR traded down $0.04 during midday trading on Tuesday, reaching $122.99. 151,005 shares of the company traded hands, compared to its average volume of 236,780. The company has a fifty day moving average price of $122.96 and a 200 day moving average price of $171.86. The firm has a market capitalization of $1.61 billion, a price-to-earnings ratio of 4.51 and a beta of 0.72. Alpha Metallurgical Resources, Inc. has a twelve month low of $100.00 and a twelve month high of $334.72.

Alpha Metallurgical Resources (NYSE:AMR - Get Free Report) last released 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). Alpha Metallurgical Resources had a return on equity of 22.65% and a net margin of 11.08%. The firm had revenue of $531.96 million for the quarter, compared to the consensus estimate of $586.15 million. During the same quarter in the prior year, the company posted $9.59 EPS. The firm's revenue was down 38.4% on a year-over-year basis. On average, equities research analysts forecast 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.