BNP Paribas Financial Markets Takes $1.86 Million Position in Alpha Metallurgical Resources, Inc. (NYSE:AMR)

BNP Paribas Financial Markets acquired a new position in Alpha Metallurgical Resources, Inc. (NYSE:AMR - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 9,305 shares of the energy company's stock, valued at approximately $1,862,000. BNP Paribas Financial Markets owned 0.07% of Alpha Metallurgical Resources at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Algert Global LLC boosted its holdings in Alpha Metallurgical Resources by 157.6% in the 4th 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 during the period. PDT Partners LLC bought a new position in Alpha Metallurgical Resources in the 4th quarter worth approximately $1,024,000. Northern Trust Corp boosted its holdings in Alpha Metallurgical Resources by 6.0% in the 4th quarter. Northern Trust Corp now owns 121,652 shares of the energy company's stock worth $24,345,000 after buying an additional 6,905 shares during the period. Susquehanna Fundamental Investments LLC bought a new position in Alpha Metallurgical Resources in the 4th quarter worth approximately $2,528,000. Finally, State of Tennessee Department of Treasury boosted its holdings in Alpha Metallurgical Resources by 123.5% in the 4th quarter. State of Tennessee Department of Treasury now owns 6,050 shares of the energy company's stock worth $1,211,000 after buying an additional 3,343 shares during the period. 84.29% of the stock is owned by institutional investors.

Alpha Metallurgical Resources Stock Performance

NYSE AMR traded up $1.34 on Friday, hitting $116.40. The stock had a trading volume of 282,613 shares, compared to its average volume of 237,790. Alpha Metallurgical Resources, Inc. has a 52-week low of $100.00 and a 52-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 has a 50-day moving average of $122.05 and a 200-day moving average of $169.75.

Alpha Metallurgical Resources (NYSE:AMR - Get Free Report) last posted its earnings results on Friday, May 9th. The energy company reported ($2.60) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.06) by ($1.54). The firm had revenue of $531.96 million during the quarter, compared to analysts' expectations 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 for the quarter was down 38.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $9.59 earnings per share. As a group, research analysts anticipate 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 issued reports on AMR. Wall Street Zen cut shares of Alpha Metallurgical Resources from a "hold" rating to a "sell" rating in a research note on Thursday. B. Riley lowered their target price on shares of 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 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.