SG Americas Securities LLC Acquires 5,625 Shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR)

SG Americas Securities LLC grew its holdings in Alpha Metallurgical Resources, Inc. (NYSE:AMR - Free Report) by 204.5% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 8,376 shares of the energy company's stock after buying an additional 5,625 shares during the quarter. SG Americas Securities LLC owned approximately 0.06% of Alpha Metallurgical Resources worth $1,049,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Dimensional Fund Advisors LP increased its position in Alpha Metallurgical Resources by 4.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 736,379 shares of the energy company's stock worth $147,366,000 after purchasing an additional 28,225 shares during the period. Renaissance Technologies LLC increased its position in Alpha Metallurgical Resources by 0.8% in the fourth quarter. Renaissance Technologies LLC now owns 540,215 shares of the energy company's stock worth $108,108,000 after purchasing an additional 4,200 shares during the period. Dalal Street LLC increased its position in Alpha Metallurgical Resources by 1.6% in the fourth quarter. Dalal Street LLC now owns 487,251 shares of the energy company's stock worth $97,509,000 after purchasing an additional 7,553 shares during the period. American Century Companies Inc. increased its position in Alpha Metallurgical Resources by 9.8% in the fourth quarter. American Century Companies Inc. now owns 359,006 shares of the energy company's stock worth $71,844,000 after purchasing an additional 32,027 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its position in Alpha Metallurgical Resources by 12.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 183,519 shares of the energy company's stock worth $36,726,000 after purchasing an additional 20,636 shares during the period. 84.29% of the stock is currently owned by institutional investors and hedge funds.

Alpha Metallurgical Resources Trading Down 7.1%

Shares of NYSE:AMR traded down $8.24 during trading on Friday, hitting $107.47. 614,618 shares of the company were exchanged, compared to its average volume of 244,704. The stock has a market cap of $1.40 billion, a price-to-earnings ratio of 53.20 and a beta of 0.68. Alpha Metallurgical Resources, Inc. has a fifty-two week low of $100.00 and a fifty-two week high of $334.72. The firm has a fifty day moving average price of $118.71 and a two-hundred day moving average price of $151.22.

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

Analysts Set New Price Targets

A number of brokerages have issued reports on AMR. Wall Street Zen cut Alpha Metallurgical Resources from a "hold" rating to a "sell" rating in a report on Thursday, May 22nd. B. Riley reduced their target price 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.

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.