Alpha Metallurgical Resources, Inc. (NYSE:AMR) Stock Holdings Reduced by Alta Fundamental Advisers LLC

Key Points

• Alta Fundamental Advisers LLC has reduced its holdings in Alpha Metallurgical Resources, Inc. by 16.4%, now holding 74,058 shares valued at approximately $9.3 million.
• Analysts have recently downgraded Alpha Metallurgical Resources from a "hold" to a "sell" rating, while others have adjusted price targets, with Jefferies setting a target at $110.00.
• The company's stock reported a 16.0% increase, closing at $150.11 as of the latest trading session, despite a 31.6% year-over-year decline in revenue.

Alta Fundamental Advisers LLC decreased its holdings in shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR - Free Report) by 16.4% during the first quarter, according to its most recent filing with the SEC. The firm owned 74,058 shares of the energy company's stock after selling 14,542 shares during the period. Alpha Metallurgical Resources accounts for about 5.9% of Alta Fundamental Advisers LLC's portfolio, making the stock its 5th largest position. Alta Fundamental Advisers LLC owned 0.57% of Alpha Metallurgical Resources worth $9,276,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the business. Dimensional Fund Advisors LP increased its position in 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 valued at $147,366,000 after purchasing an additional 28,225 shares during the period. Northern Trust Corp boosted its holdings in shares of Alpha Metallurgical Resources by 6.0% in the 4th quarter. Northern Trust Corp now owns 121,652 shares of the energy company's stock valued at $24,345,000 after buying an additional 6,905 shares in the last quarter. Goehring & Rozencwajg Associates LLC boosted its holdings in shares of Alpha Metallurgical Resources by 2.6% in the 1st quarter. Goehring & Rozencwajg Associates LLC now owns 73,689 shares of the energy company's stock valued at $9,212,000 after buying an additional 1,889 shares in the last quarter. Hosking Partners LLP boosted its holdings in shares of Alpha Metallurgical Resources by 8.7% in the 1st quarter. Hosking Partners LLP now owns 60,014 shares of the energy company's stock valued at $7,517,000 after buying an additional 4,794 shares in the last quarter. Finally, Wellington Management Group LLP boosted its holdings in shares of Alpha Metallurgical Resources by 17.3% in the 4th quarter. Wellington Management Group LLP now owns 56,901 shares of the energy company's stock valued at $11,387,000 after buying an additional 8,386 shares in the last quarter. Hedge funds and other institutional investors own 84.29% of the company's stock.

Analysts Set New Price Targets

AMR has been the topic of a number of recent analyst reports. Wall Street Zen cut shares of Alpha Metallurgical Resources from a "hold" rating to a "sell" rating in a report on Thursday, May 22nd. Jefferies Financial Group initiated coverage on shares of Alpha Metallurgical Resources in a report on Tuesday, July 1st. They issued a "hold" rating and a $110.00 price target on the stock. Finally, B. Riley lowered their price target on shares of Alpha Metallurgical Resources from $173.00 to $171.00 and set a "buy" rating on the stock in a report on Tuesday, August 5th.

Alpha Metallurgical Resources Stock Up 16.0%

AMR stock opened at $150.11 on Friday. The firm has a 50 day moving average of $117.09 and a 200 day moving average of $130.71. The stock has a market capitalization of $1.96 billion, a PE ratio of -52.67 and a beta of 0.59. Alpha Metallurgical Resources, Inc. has a 52 week low of $97.41 and a 52 week high of $259.00.

Alpha Metallurgical Resources (NYSE:AMR - Get Free Report) last released its earnings results on Friday, August 8th. The energy company reported ($0.38) EPS for the quarter, topping analysts' consensus estimates of ($2.38) by $2.00. The company had revenue of $550.27 million during the quarter, compared to analysts' expectations of $552.15 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 31.6% on a year-over-year basis. During the same period last year, the business earned $4.49 EPS. On average, equities research analysts expect that Alpha Metallurgical Resources, Inc. will post 14.31 earnings per share 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.

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