Towle & Co. Has $5.22 Million Stock Holdings in Alpha Metallurgical Resources, Inc. (NYSE:AMR)

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

A number of other large investors have also added to or reduced their stakes in AMR. New Age Alpha Advisors LLC acquired a new stake in shares of Alpha Metallurgical Resources in the 4th quarter valued at $40,000. PNC Financial Services Group Inc. boosted its holdings in shares of Alpha Metallurgical Resources by 127.6% in the 4th quarter. PNC Financial Services Group Inc. now owns 289 shares of the energy company's stock valued at $58,000 after purchasing an additional 162 shares in the last quarter. Jones Financial Companies Lllp acquired a new stake in shares of Alpha Metallurgical Resources in the 4th quarter valued at $82,000. KBC Group NV boosted its holdings in shares of Alpha Metallurgical Resources by 58.7% in the 4th quarter. KBC Group NV now owns 473 shares of the energy company's stock valued at $95,000 after purchasing an additional 175 shares in the last quarter. Finally, Arcus Capital Partners LLC acquired a new stake in shares of Alpha Metallurgical Resources in the 4th quarter valued at $130,000. Institutional investors and hedge funds own 84.29% of the company's stock.

Analysts Set New Price Targets

AMR has been the topic of a number of research analyst reports. 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 report on Thursday, May 15th. Wall Street Zen downgraded Alpha Metallurgical Resources from a "hold" rating to a "sell" rating in a report on Thursday.

Alpha Metallurgical Resources Stock Down 5.3%

AMR traded down $6.42 during midday trading on Thursday, hitting $114.95. 347,936 shares of the company were exchanged, compared to its average volume of 237,089. The firm has a market capitalization of $1.50 billion, a P/E ratio of 4.22 and a beta of 0.72. Alpha Metallurgical Resources, Inc. has a 1-year low of $100.00 and a 1-year high of $334.72. The firm's 50 day moving average price is $122.56 and its 200-day moving average price is $171.17.

Alpha Metallurgical Resources (NYSE:AMR - Get Free Report) last announced its 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). The company had revenue of $531.96 million for the quarter, compared to analyst estimates of $586.15 million. Alpha Metallurgical Resources had a return on equity of 22.65% and a net margin of 11.08%. The firm's quarterly revenue was down 38.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $9.59 earnings per share. On average, sell-side analysts predict that Alpha Metallurgical Resources, Inc. will post 14.31 earnings per share for the current fiscal year.

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.