Hosking Partners LLP Buys 4,794 Shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR)

Key Points

• Hosking Partners LLP increased its position in Alpha Metallurgical Resources by 8.7% during Q1, now owning approximately $7.52 million worth of the company's stock.
• Alpha Metallurgical Resources reported a net margin of 1.01% with a revenue of $550.27 million for the quarter, experiencing a 31.6% year-over-year decline in revenue.
• Wall Street analysts have mixed ratings on the stock, with Jefferies issuing a "hold" rating and a $110.00 price target, while B. Riley maintained a "buy" rating but lowered their target from $173.00 to $171.00.

Hosking Partners LLP grew its stake in Alpha Metallurgical Resources, Inc. (NYSE:AMR - Free Report) by 8.7% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 60,014 shares of the energy company's stock after buying an additional 4,794 shares during the period. Hosking Partners LLP owned approximately 0.46% of Alpha Metallurgical Resources worth $7,517,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in AMR. Alliancebernstein L.P. lifted its position in shares of Alpha Metallurgical Resources by 1.0% in the fourth quarter. Alliancebernstein L.P. now owns 19,566 shares of the energy company's stock worth $3,916,000 after buying an additional 200 shares during the last quarter. Franklin Resources Inc. lifted its position in shares of Alpha Metallurgical Resources by 9.6% during the 4th quarter. Franklin Resources Inc. now owns 20,102 shares of the energy company's stock worth $4,023,000 after purchasing an additional 1,758 shares during the last quarter. Wells Fargo & Company MN lifted its position in shares of Alpha Metallurgical Resources by 35.6% during the 4th quarter. Wells Fargo & Company MN now owns 6,788 shares of the energy company's stock worth $1,358,000 after purchasing an additional 1,781 shares during the last quarter. Envestnet Asset Management Inc. lifted its position in shares of Alpha Metallurgical Resources by 21.1% during the 4th quarter. Envestnet Asset Management Inc. now owns 1,457 shares of the energy company's stock worth $292,000 after purchasing an additional 254 shares during the last quarter. Finally, Russell Investments Group Ltd. lifted its position in shares of Alpha Metallurgical Resources by 86.5% during the 4th quarter. Russell Investments Group Ltd. now owns 9,228 shares of the energy company's stock worth $1,847,000 after purchasing an additional 4,280 shares during the last quarter. Institutional investors and hedge funds own 84.29% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on AMR shares. B. Riley cut their price objective on Alpha Metallurgical Resources from $173.00 to $171.00 and set a "buy" rating for the company in a research report on Tuesday, August 5th. Wall Street Zen cut Alpha Metallurgical Resources from a "hold" rating to a "sell" rating in a research report on Thursday, May 22nd. Finally, Jefferies Financial Group boosted their price objective on Alpha Metallurgical Resources from $110.00 to $150.00 and gave the stock a "hold" rating in a research report on Monday.

Alpha Metallurgical Resources Stock Down 0.9%

Alpha Metallurgical Resources stock traded down $1.49 during trading hours on Wednesday, hitting $162.31. The stock had a trading volume of 299,691 shares, compared to its average volume of 330,110. The company has a 50-day moving average of $119.06 and a two-hundred day moving average of $130.21. The company has a market cap of $2.12 billion, a PE ratio of -56.91 and a beta of 0.59. Alpha Metallurgical Resources, Inc. has a fifty-two week low of $97.41 and a fifty-two week high of $255.04.

Alpha Metallurgical Resources (NYSE:AMR - Get Free Report) last posted its quarterly earnings results on Friday, August 8th. The energy company reported ($0.38) EPS for the quarter, beating the consensus estimate of ($2.38) by $2.00. The firm had revenue of $550.27 million during the quarter, compared to analysts' expectations of $552.15 million. Alpha Metallurgical Resources had a negative return on equity of 2.28% and a negative net margin of 1.57%. The company's revenue for the quarter was down 31.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $4.49 EPS. As a group, analysts forecast that Alpha Metallurgical Resources, Inc. will post 14.31 EPS for the current fiscal year.

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.