Bank of America Corp DE Lowers Position in Alpha Metallurgical Resources, Inc. (NYSE:AMR)

Bank of America Corp DE reduced its holdings in shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR - Free Report) by 50.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,207 shares of the energy company's stock after selling 9,308 shares during the period. Bank of America Corp DE owned 0.07% of Alpha Metallurgical Resources worth $1,843,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Dalal Street LLC lifted its position in Alpha Metallurgical Resources by 1.6% during the 4th quarter. Dalal Street LLC now owns 487,251 shares of the energy company's stock valued at $97,509,000 after acquiring an additional 7,553 shares during the period. Empowered Funds LLC raised its holdings in Alpha Metallurgical Resources by 69.7% in the fourth quarter. Empowered Funds LLC now owns 12,139 shares of the energy company's stock worth $2,429,000 after buying an additional 4,985 shares during the last quarter. Ruffer LLP purchased a new position in Alpha Metallurgical Resources in the fourth quarter worth about $4,100,000. Barclays PLC raised its holdings in Alpha Metallurgical Resources by 309.2% in the third quarter. Barclays PLC now owns 18,646 shares of the energy company's stock worth $4,402,000 after buying an additional 14,089 shares during the last quarter. Finally, Proficio Capital Partners LLC purchased a new position in Alpha Metallurgical Resources in the fourth quarter worth about $3,564,000. 84.29% of the stock is owned by hedge funds and other institutional investors.

Alpha Metallurgical Resources Stock Performance

Shares of AMR stock traded down $3.35 during trading hours on Thursday, reaching $107.78. The company had a trading volume of 261,574 shares, compared to its average volume of 241,785. The business has a fifty day moving average price of $119.81 and a 200-day moving average price of $162.93. Alpha Metallurgical Resources, Inc. has a one year low of $100.00 and a one year high of $334.72. The firm has a market cap of $1.41 billion, a PE ratio of 3.96 and a beta of 0.72.

Alpha Metallurgical Resources (NYSE:AMR - Get Free Report) last announced its quarterly earnings results 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 company had revenue of $531.96 million during the quarter, compared to the consensus estimate of $586.15 million. Alpha Metallurgical Resources had a return on equity of 22.65% and a net margin of 11.08%. The business's revenue was down 38.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $9.59 earnings per share. Equities research analysts forecast that Alpha Metallurgical Resources, Inc. will post 14.31 EPS for the current year.

Analyst Upgrades and Downgrades

AMR has been the subject of several 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. B. Riley reduced their price target on shares of Alpha Metallurgical Resources from $183.00 to $181.00 and set a "buy" rating for the company in a research note on Thursday, May 15th.

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.