Mraz Amerine & Associates Inc. Raises Holdings in Alpha Metallurgical Resources, Inc. (NYSE:AMR)

Mraz Amerine & Associates Inc. boosted its holdings in shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR - Free Report) by 31.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,228 shares of the energy company's stock after acquiring an additional 2,913 shares during the period. Mraz Amerine & Associates Inc. owned about 0.09% of Alpha Metallurgical Resources worth $1,547,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in AMR. Bank of New York Mellon Corp raised its position in shares of Alpha Metallurgical Resources by 0.5% in the 4th quarter. Bank of New York Mellon Corp now owns 82,311 shares of the energy company's stock worth $16,472,000 after acquiring an additional 428 shares in the last quarter. Jones Financial Companies Lllp bought a new position in shares of Alpha Metallurgical Resources in the 4th quarter worth $82,000. Charles Schwab Investment Management Inc. raised its position in shares of Alpha Metallurgical Resources by 12.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 183,519 shares of the energy company's stock worth $36,726,000 after acquiring an additional 20,636 shares in the last quarter. Victory Capital Management Inc. raised its position in shares of Alpha Metallurgical Resources by 37.9% in the 4th quarter. Victory Capital Management Inc. now owns 21,297 shares of the energy company's stock worth $4,262,000 after acquiring an additional 5,856 shares in the last quarter. Finally, Proficio Capital Partners LLC bought a new position in shares of Alpha Metallurgical Resources in the 4th quarter worth $3,564,000. 84.29% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on AMR shares. Wall Street Zen lowered Alpha Metallurgical Resources from a "hold" rating to a "sell" rating in a report on Thursday, May 22nd. B. Riley cut their price objective on Alpha Metallurgical Resources from $183.00 to $181.00 and set a "buy" rating on the stock in a report on Thursday, May 15th. Finally, Jefferies Financial Group began coverage on Alpha Metallurgical Resources in a report on Tuesday, July 1st. They issued a "hold" rating and a $110.00 price objective on the stock.

Alpha Metallurgical Resources Trading Up 4.6%

AMR stock traded up $5.36 during mid-day trading on Friday, reaching $122.85. The company's stock had a trading volume of 434,126 shares, compared to its average volume of 257,429. The company's 50 day moving average is $114.94 and its two-hundred day moving average is $140.50. Alpha Metallurgical Resources, Inc. has a fifty-two week low of $97.41 and a fifty-two week high of $326.69. The stock has a market cap of $1.60 billion, a PE ratio of 60.82 and a beta of 0.66.

Alpha Metallurgical Resources (NYSE:AMR - Get Free Report) last released its earnings results on Friday, May 9th. The energy company reported ($2.60) earnings per share for the quarter, missing analysts' consensus estimates of ($1.06) by ($1.54). Alpha Metallurgical Resources had a return on equity of 1.62% and a net margin of 1.01%. The business had revenue of $531.96 million during the quarter, compared to analysts' expectations of $586.15 million. During the same period last year, the business earned $9.59 earnings per share. The company's revenue for the quarter was down 38.4% compared to the same quarter last year. On average, analysts forecast that Alpha Metallurgical Resources, Inc. will post 14.31 earnings per share for the current fiscal year.

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.