Pacer Advisors Inc. Reduces Stock Position in Alpha Metallurgical Resources, Inc. (NYSE:AMR)

Key Points

• Pacer Advisors Inc. reduced its stake in Alpha Metallurgical Resources by 81.0%, selling 604,791 shares and owning only 141,432 shares post-sale.
• Alpha Metallurgical Resources reported a loss of $2.60 EPS for the quarter, significantly missing analysts' expectation of ($1.06) and marking a year-over-year revenue decline of 38.4%.
• Wall Street analysts have given mixed ratings, with B. Riley reducing its price target from $181.00 to $173.00, while Jefferies initiated coverage with a "hold" rating at a $110.00 price objective.

Pacer Advisors Inc. lessened its holdings in Alpha Metallurgical Resources, Inc. (NYSE:AMR - Free Report) by 81.0% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 141,432 shares of the energy company's stock after selling 604,791 shares during the quarter. Pacer Advisors Inc. owned approximately 1.08% of Alpha Metallurgical Resources worth $17,714,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Dalal Street LLC increased its holdings in 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 buying an additional 7,553 shares during the last quarter. GAMMA Investing LLC increased its holdings in Alpha Metallurgical Resources by 11,100.3% in the first quarter. GAMMA Investing LLC now owns 34,945 shares of the energy company's stock valued at $4,377,000 after buying an additional 34,633 shares during the last quarter. Mutual Advisors LLC purchased a new position in Alpha Metallurgical Resources in the first quarter valued at $603,000. Sei Investments Co. increased its holdings in Alpha Metallurgical Resources by 36.8% in the fourth quarter. Sei Investments Co. now owns 10,786 shares of the energy company's stock valued at $2,158,000 after buying an additional 2,903 shares during the last quarter. Finally, SG Americas Securities LLC boosted its stake in Alpha Metallurgical Resources by 204.5% in the first quarter. SG Americas Securities LLC now owns 8,376 shares of the energy company's stock valued at $1,049,000 after acquiring an additional 5,625 shares in the last quarter. Hedge funds and other institutional investors own 84.29% of the company's stock.

Alpha Metallurgical Resources Trading Down 2.6%

Shares of AMR traded down $3.57 during mid-day trading on Friday, hitting $134.52. 272,098 shares of the company's stock were exchanged, compared to its average volume of 425,191. Alpha Metallurgical Resources, Inc. has a fifty-two week low of $97.41 and a fifty-two week high of $303.41. The firm has a market capitalization of $1.76 billion, a P/E ratio of 66.59 and a beta of 0.66. The business's 50 day moving average is $115.61 and its two-hundred day moving average is $134.90.

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

Wall Street Analysts Forecast Growth

AMR has been the subject of several research analyst reports. Jefferies Financial Group initiated coverage on shares of Alpha Metallurgical Resources in a research note on Tuesday, July 1st. They issued a "hold" rating and a $110.00 price objective for the company. Wall Street Zen downgraded shares of Alpha Metallurgical Resources from a "hold" rating to a "sell" rating in a research note on Thursday, May 22nd. Finally, B. Riley decreased their price objective on shares of Alpha Metallurgical Resources from $181.00 to $173.00 and set a "buy" rating for the company in a research note on Tuesday, July 22nd.

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.