BNP Paribas Financial Markets Acquires Shares of 9,305 Alpha Metallurgical Resources, Inc. (NYSE:AMR)

BNP Paribas Financial Markets acquired a new stake in shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm acquired 9,305 shares of the energy company's stock, valued at approximately $1,862,000. BNP Paribas Financial Markets owned approximately 0.07% of Alpha Metallurgical Resources at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Algert Global LLC lifted its position in shares of Alpha Metallurgical Resources by 157.6% in the fourth quarter. Algert Global LLC now owns 9,128 shares of the energy company's stock worth $1,827,000 after buying an additional 5,584 shares in the last quarter. PDT Partners LLC purchased a new stake in shares of Alpha Metallurgical Resources during the 4th quarter worth approximately $1,024,000. Northern Trust Corp boosted its position in shares of Alpha Metallurgical Resources by 6.0% during the 4th quarter. Northern Trust Corp now owns 121,652 shares of the energy company's stock valued at $24,345,000 after acquiring an additional 6,905 shares during the last quarter. Susquehanna Fundamental Investments LLC bought a new position in shares of Alpha Metallurgical Resources during the 4th quarter valued at approximately $2,528,000. Finally, State of Tennessee Department of Treasury grew its holdings in shares of Alpha Metallurgical Resources by 123.5% in the fourth quarter. State of Tennessee Department of Treasury now owns 6,050 shares of the energy company's stock valued at $1,211,000 after purchasing an additional 3,343 shares in the last quarter. 84.29% of the stock is owned by hedge funds and other institutional investors.

Alpha Metallurgical Resources Stock Performance

NYSE AMR traded down $5.60 on Thursday, hitting $115.77. 151,352 shares of the stock were exchanged, compared to its average volume of 236,087. Alpha Metallurgical Resources, Inc. has a 52-week low of $100.00 and a 52-week high of $334.72. The firm has a market capitalization of $1.51 billion, a P/E ratio of 4.25 and a beta of 0.72. The stock has a fifty day moving average price of $122.56 and a two-hundred day moving average price of $171.17.

Alpha Metallurgical Resources (NYSE:AMR - Get Free Report) last released 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). Alpha Metallurgical Resources had a return on equity of 22.65% and a net margin of 11.08%. The firm had revenue of $531.96 million for the quarter, compared to analysts' expectations of $586.15 million. During the same period in the prior year, the firm posted $9.59 earnings per share. Alpha Metallurgical Resources's revenue for the quarter was down 38.4% on a year-over-year basis. Sell-side analysts expect that Alpha Metallurgical Resources, Inc. will post 14.31 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have commented on AMR. B. Riley lowered their price objective on shares of Alpha Metallurgical Resources from $183.00 to $181.00 and set a "buy" rating for the company in a research report on Thursday, May 15th. Wall Street Zen downgraded shares of Alpha Metallurgical Resources from a "hold" rating to a "sell" rating in a report on Thursday.

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.