Alpha Metallurgical Resources, Inc. (NYSE:AMR) Shares Sold by Towle & Co.

Towle & Co. decreased its holdings in shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR - Free Report) by 21.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 26,068 shares of the energy company's stock after selling 6,948 shares during the period. Towle & Co. owned approximately 0.20% of Alpha Metallurgical Resources worth $5,217,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in AMR. Norges Bank acquired a new stake in shares of Alpha Metallurgical Resources in the 4th quarter worth approximately $26,332,000. Jacobs Levy Equity Management Inc. acquired a new stake in shares of Alpha Metallurgical Resources in the 4th quarter worth approximately $6,958,000. American Century Companies Inc. grew its holdings in shares of Alpha Metallurgical Resources by 9.8% in the 4th quarter. American Century Companies Inc. now owns 359,006 shares of the energy company's stock worth $71,844,000 after acquiring an additional 32,027 shares during the period. Nomura Holdings Inc. grew its holdings in shares of Alpha Metallurgical Resources by 1,706.0% in the 4th quarter. Nomura Holdings Inc. now owns 30,702 shares of the energy company's stock worth $6,144,000 after acquiring an additional 29,002 shares during the period. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Alpha Metallurgical Resources by 4.0% in 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 during the period. Institutional investors and hedge funds own 84.29% of the company's stock.

Alpha Metallurgical Resources Price Performance

NYSE AMR traded up $1.34 during trading hours on Friday, hitting $116.40. The company had a trading volume of 282,613 shares, compared to its average volume of 237,790. Alpha Metallurgical Resources, Inc. has a fifty-two week low of $100.00 and a fifty-two week high of $334.72. The company has a market capitalization of $1.52 billion, a price-to-earnings ratio of 4.27 and a beta of 0.72. The firm's 50 day moving average is $122.05 and its 200 day moving average is $169.75.

Alpha Metallurgical Resources (NYSE:AMR - Get Free Report) last announced its 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). The business had revenue of $531.96 million for the quarter, compared to analyst estimates of $586.15 million. Alpha Metallurgical Resources had a net margin of 11.08% and a return on equity of 22.65%. The firm's revenue was down 38.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $9.59 earnings per share. On average, equities analysts anticipate that Alpha Metallurgical Resources, Inc. will post 14.31 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on AMR. Wall Street Zen lowered Alpha Metallurgical Resources from a "hold" rating to a "sell" rating in a research note on Thursday. B. Riley reduced their target price on 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 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.