Allianz Asset Management GmbH Has $238,000 Holdings in Alpha Metallurgical Resources, Inc. (NYSE:AMR)

Key Points

• Allianz Asset Management GmbH significantly reduced its stake in Alpha Metallurgical Resources, selling 10,032 shares and holding only 1,900 shares after the sale, which is an 84.1% decrease.
• Despite Allianz's sale, other institutional investors have increased their stakes in Alpha Metallurgical Resources, with Signaturefd LLC growing by 306.1% and CWM LLC by 1,205.1% in the first quarter.
• Analysts have mixed views on Alpha Metallurgical Resources with Wall Street Zen downgrading the stock from "hold" to "sell," while B. Riley lowered its price target but maintained a "buy" rating.

Allianz Asset Management GmbH trimmed its holdings in Alpha Metallurgical Resources, Inc. (NYSE:AMR - Free Report) by 84.1% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,900 shares of the energy company's stock after selling 10,032 shares during the period. Allianz Asset Management GmbH's holdings in Alpha Metallurgical Resources were worth $238,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of AMR. Signaturefd LLC raised its position in shares of Alpha Metallurgical Resources by 306.1% during the 1st quarter. Signaturefd LLC now owns 199 shares of the energy company's stock valued at $25,000 after acquiring an additional 150 shares in the last quarter. AdvisorNet Financial Inc boosted its holdings in shares of Alpha Metallurgical Resources by 214.3% in the 1st quarter. AdvisorNet Financial Inc now owns 220 shares of the energy company's stock valued at $28,000 after buying an additional 150 shares during the period. Public Employees Retirement System of Ohio acquired a new stake in Alpha Metallurgical Resources during the fourth quarter worth about $60,000. Opal Wealth Advisors LLC bought a new position in Alpha Metallurgical Resources in the first quarter worth about $64,000. Finally, CWM LLC grew its holdings in shares of Alpha Metallurgical Resources by 1,205.1% during the first quarter. CWM LLC now owns 509 shares of the energy company's stock valued at $64,000 after purchasing an additional 470 shares during the last quarter. Institutional investors own 84.29% of the company's stock.

Alpha Metallurgical Resources Price Performance

Shares of AMR traded up $6.78 during trading hours on Tuesday, hitting $125.40. 312,462 shares of the company were exchanged, compared to its average volume of 386,844. The company has a market capitalization of $1.64 billion, a PE ratio of 62.08 and a beta of 0.59. The firm has a fifty day simple moving average of $115.90 and a 200-day simple moving average of $131.96. Alpha Metallurgical Resources, Inc. has a one year low of $97.41 and a one year high of $259.20.

Alpha Metallurgical Resources (NYSE:AMR - Get Free Report) last released its quarterly earnings results on Friday, May 9th. The energy company reported ($2.60) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($1.06) by ($1.54). Alpha Metallurgical Resources had a net margin of 1.01% and a return on equity of 1.62%. The firm had revenue of $531.96 million for the quarter, compared to analyst estimates of $586.15 million. During the same quarter in the prior year, the firm earned $9.59 EPS. The firm's revenue was down 38.4% compared to the same quarter last year. Sell-side analysts expect that Alpha Metallurgical Resources, Inc. will post 14.31 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on AMR shares. Jefferies Financial Group started coverage on Alpha Metallurgical Resources in a research note on Tuesday, July 1st. They issued a "hold" rating and a $110.00 target price on the stock. B. Riley reduced their price objective on shares of Alpha Metallurgical Resources from $173.00 to $171.00 and set a "buy" rating for the company in a report on Tuesday. Finally, Wall Street Zen cut shares of Alpha Metallurgical Resources from a "hold" rating to a "sell" rating in a research note on Thursday, May 22nd.

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.