Deutsche Bank AG Decreases Position in Alpha Metallurgical Resources, Inc. (NYSE:AMR)

Deutsche Bank AG decreased its stake in Alpha Metallurgical Resources, Inc. (NYSE:AMR - Free Report) by 7.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 39,701 shares of the energy company's stock after selling 3,341 shares during the period. Deutsche Bank AG owned approximately 0.30% of Alpha Metallurgical Resources worth $7,945,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in AMR. Dimensional Fund Advisors LP boosted its stake in shares of Alpha Metallurgical Resources by 4.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 736,379 shares of the energy company's stock worth $147,366,000 after acquiring an additional 28,225 shares in the last quarter. Renaissance Technologies LLC raised its position in Alpha Metallurgical Resources by 0.8% during the fourth quarter. Renaissance Technologies LLC now owns 540,215 shares of the energy company's stock worth $108,108,000 after acquiring an additional 4,200 shares during the last quarter. Dalal Street LLC lifted its holdings in shares of Alpha Metallurgical Resources by 1.6% in the fourth quarter. Dalal Street LLC now owns 487,251 shares of the energy company's stock valued at $97,509,000 after purchasing an additional 7,553 shares in the last quarter. American Century Companies Inc. increased its stake in shares of Alpha Metallurgical Resources by 9.8% during the 4th quarter. American Century Companies Inc. now owns 359,006 shares of the energy company's stock worth $71,844,000 after purchasing an additional 32,027 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Alpha Metallurgical Resources by 12.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 183,519 shares of the energy company's stock worth $36,726,000 after purchasing an additional 20,636 shares during the last quarter. Hedge funds and other institutional investors own 84.29% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Wall Street Zen cut Alpha Metallurgical Resources from a "hold" rating to a "sell" rating in a report on Thursday. B. Riley dropped their price objective 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 Stock Down 3.6%

Shares of AMR traded down $4.37 on Thursday, hitting $117.01. 41,275 shares of the stock traded hands, compared to its average volume of 235,673. Alpha Metallurgical Resources, Inc. has a 1 year low of $100.00 and a 1 year high of $334.72. The stock's 50 day moving average is $122.56 and its two-hundred day moving average is $171.17. The firm has a market capitalization of $1.53 billion, a P/E ratio of 4.29 and a beta of 0.72.

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 for the quarter, missing the consensus estimate of ($1.06) by ($1.54). Alpha Metallurgical Resources had a net margin of 11.08% and a return on equity of 22.65%. The business had revenue of $531.96 million during the quarter, compared to analyst estimates of $586.15 million. During the same quarter last year, the firm posted $9.59 earnings per share. The company's revenue was down 38.4% on a year-over-year basis. Research analysts forecast that Alpha Metallurgical Resources, Inc. will post 14.31 EPS for the current 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.