Alpha Metallurgical Resources, Inc. (NYSE:AMR) Shares Acquired by Federated Hermes Inc.

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

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. GAMMA Investing LLC grew its stake in Alpha Metallurgical Resources by 11,100.3% in the first quarter. GAMMA Investing LLC now owns 34,945 shares of the energy company's stock worth $4,377,000 after purchasing an additional 34,633 shares during the period. Mutual Advisors LLC bought a new stake in Alpha Metallurgical Resources in the 1st quarter worth approximately $603,000. SG Americas Securities LLC lifted its holdings in Alpha Metallurgical Resources by 204.5% in the first quarter. SG Americas Securities LLC now owns 8,376 shares of the energy company's stock valued at $1,049,000 after acquiring an additional 5,625 shares during the period. DekaBank Deutsche Girozentrale boosted its stake in shares of Alpha Metallurgical Resources by 40.2% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 1,385 shares of the energy company's stock worth $173,000 after acquiring an additional 397 shares during the last quarter. Finally, Norges Bank bought a new position in shares of Alpha Metallurgical Resources during the 4th quarter valued at approximately $26,332,000. Hedge funds and other institutional investors own 84.29% of the company's stock.

Alpha Metallurgical Resources Stock Performance

AMR traded down $1.25 during trading on Wednesday, hitting $123.84. The stock had a trading volume of 225,870 shares, compared to its average volume of 320,377. Alpha Metallurgical Resources, Inc. has a twelve month low of $97.41 and a twelve month high of $259.20. The stock has a 50 day simple moving average of $115.90 and a two-hundred day simple moving average of $131.96. The company has a market capitalization of $1.62 billion, a PE ratio of 61.31 and a beta of 0.59.

Alpha Metallurgical Resources (NYSE:AMR - Get Free Report) last released its quarterly earnings data on Friday, May 9th. The energy company reported ($2.60) EPS for the quarter, missing the consensus estimate of ($1.06) by ($1.54). The company 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 1.62% and a net margin of 1.01%. The company's revenue for the quarter was down 38.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $9.59 EPS. On average, equities research analysts anticipate that Alpha Metallurgical Resources, Inc. will post 14.31 EPS for the current year.

Analyst Ratings Changes

Several research firms have weighed in on AMR. Wall Street Zen downgraded Alpha Metallurgical Resources from a "hold" rating to a "sell" rating in a research note on Thursday, May 22nd. B. Riley decreased their price target on Alpha Metallurgical Resources from $173.00 to $171.00 and set a "buy" rating for the company in a research note on Tuesday. Finally, Jefferies Financial Group assumed coverage on Alpha Metallurgical Resources in a research report on Tuesday, July 1st. They set a "hold" rating and a $110.00 target price for the company.

Alpha Metallurgical Resources Company 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.