Nomura Holdings Inc. Buys 28,284 Shares of Alpha Metallurgical Resources, Inc. $AMR

Key Points

• Nomura Holdings Inc. increased its stake in Alpha Metallurgical Resources, Inc. by 92.1% during Q1, owning 58,986 shares valued at approximately $7.39 million.
• A significant number of hedge funds and institutional investors have also raised their positions in Alpha Metallurgical Resources, with institutional ownership reaching 84.29% of the company's stock.
• Analysts have mixed ratings on Alpha Metallurgical Resources, with an average price target of $160.50 and a consensus rating of "Hold."

Nomura Holdings Inc. boosted its position in shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR - Free Report) by 92.1% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 58,986 shares of the energy company's stock after buying an additional 28,284 shares during the quarter. Nomura Holdings Inc. owned 0.45% of Alpha Metallurgical Resources worth $7,388,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of AMR. GAMMA Investing LLC lifted its stake in Alpha Metallurgical Resources by 11,100.3% in the 1st quarter. GAMMA Investing LLC now owns 34,945 shares of the energy company's stock worth $4,377,000 after acquiring an additional 34,633 shares in the last quarter. Mutual Advisors LLC purchased a new stake in Alpha Metallurgical Resources in the 1st quarter worth about $603,000. SG Americas Securities LLC lifted its stake in Alpha Metallurgical Resources by 204.5% in the 1st quarter. SG Americas Securities LLC now owns 8,376 shares of the energy company's stock worth $1,049,000 after acquiring an additional 5,625 shares in the last quarter. DekaBank Deutsche Girozentrale lifted its stake in Alpha Metallurgical Resources by 40.2% in 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 in the last quarter. Finally, Federated Hermes Inc. lifted its stake in Alpha Metallurgical Resources by 59,520.9% in the 1st quarter. Federated Hermes Inc. now owns 25,637 shares of the energy company's stock worth $3,211,000 after acquiring an additional 25,594 shares in the last quarter. Institutional investors own 84.29% of the company's stock.

Alpha Metallurgical Resources Trading Up 7.4%

AMR traded up $10.02 during midday trading on Friday, reaching $145.92. The company's stock had a trading volume of 292,785 shares, compared to its average volume of 335,209. The stock has a market cap of $1.90 billion, a P/E ratio of -51.20 and a beta of 0.64. The company has a fifty day simple moving average of $131.13 and a 200 day simple moving average of $126.24. Alpha Metallurgical Resources, Inc. has a twelve month low of $97.41 and a twelve month high of $255.04.

Alpha Metallurgical Resources (NYSE:AMR - Get Free Report) last released its earnings results on Friday, August 8th. The energy company reported ($0.38) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($2.38) by $2.00. The firm had revenue of $550.27 million for the quarter, compared to analyst estimates 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 was down 31.6% on a year-over-year basis. During the same quarter last year, the firm posted $4.49 EPS. Sell-side analysts expect that Alpha Metallurgical Resources, Inc. will post 14.31 earnings per share for the current year.

Insider Buying and Selling

In other Alpha Metallurgical Resources news, COO Jason E. Whitehead sold 12,004 shares of the firm's stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $161.84, for a total value of $1,942,727.36. Following the completion of the sale, the chief operating officer owned 9,673 shares in the company, valued at approximately $1,565,478.32. This trade represents a 55.38% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Joshua Todd Munsey sold 2,135 shares of the firm's stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $157.00, for a total value of $335,195.00. Following the completion of the sale, the chief financial officer owned 4,466 shares of the company's stock, valued at $701,162. This represents a 32.34% decrease in their position. The disclosure for this sale can be found here. Company insiders own 16.00% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on AMR shares. Jefferies Financial Group increased their price objective on Alpha Metallurgical Resources from $110.00 to $150.00 and gave the stock a "hold" rating in a research note on Monday, August 11th. Wall Street Zen raised Alpha Metallurgical Resources from a "sell" rating to a "hold" rating in a research note on Saturday, August 16th. Finally, B. Riley cut 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, August 5th. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $160.50.

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.