Federated Hermes Inc. Increases Stock Position in Alpha Metallurgical Resources, Inc. (NYSE:AMR)

Federated Hermes Inc. increased its position in Alpha Metallurgical Resources, Inc. (NYSE:AMR - Free Report) by 59,520.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,637 shares of the energy company's stock after buying an additional 25,594 shares during the period. Federated Hermes Inc. owned 0.20% of Alpha Metallurgical Resources worth $3,211,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in AMR. Signaturefd LLC increased its stake in Alpha Metallurgical Resources by 306.1% during the first quarter. Signaturefd LLC now owns 199 shares of the energy company's stock worth $25,000 after acquiring an additional 150 shares during the last quarter. AdvisorNet Financial Inc lifted its position in Alpha Metallurgical Resources by 214.3% in the first quarter. AdvisorNet Financial Inc now owns 220 shares of the energy company's stock worth $28,000 after buying an additional 150 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new position in Alpha Metallurgical Resources during the fourth quarter worth $60,000. Opal Wealth Advisors LLC bought a new position in Alpha Metallurgical Resources during the first quarter valued at $64,000. Finally, CWM LLC lifted its holdings in shares of Alpha Metallurgical Resources by 1,205.1% in the 1st quarter. CWM LLC now owns 509 shares of the energy company's stock worth $64,000 after acquiring an additional 470 shares during the last quarter. 84.29% of the stock is owned by institutional investors.

Alpha Metallurgical Resources Stock Up 15.7%

AMR stock traded up $20.33 during trading on Friday, hitting $149.78. The company had a trading volume of 577,758 shares, compared to its average volume of 322,933. Alpha Metallurgical Resources, Inc. has a 52-week low of $97.41 and a 52-week high of $259.00. The company has a 50 day simple moving average of $116.34 and a 200-day simple moving average of $131.47. The firm has a market capitalization of $1.95 billion, a P/E ratio of 73.84 and a beta of 0.59.

Alpha Metallurgical Resources (NYSE:AMR - Get Free Report) last released its quarterly earnings data on Friday, August 8th. The energy company reported ($0.38) EPS for the quarter, topping the consensus estimate of ($1.60) by $1.22. Alpha Metallurgical Resources had a return on equity of 1.62% and a net margin of 1.01%. Alpha Metallurgical Resources's revenue for the quarter was down 31.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $4.49 EPS. Sell-side analysts forecast that Alpha Metallurgical Resources, Inc. will post 14.31 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on AMR shares. Wall Street Zen lowered shares of Alpha Metallurgical Resources from a "hold" rating to a "sell" rating in a research report on Thursday, May 22nd. B. Riley reduced their price target on Alpha Metallurgical Resources from $173.00 to $171.00 and set a "buy" rating on the stock in a report on Tuesday. Finally, Jefferies Financial Group assumed coverage on Alpha Metallurgical Resources in a research note on Tuesday, July 1st. They set a "hold" rating and a $110.00 price target for the company.

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.