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

SG Americas Securities LLC increased its holdings in shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR - Free Report) by 204.5% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund 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 0.06% of Alpha Metallurgical Resources worth $1,049,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. AdvisorNet Financial Inc raised its position in Alpha Metallurgical Resources by 214.3% in the first quarter. AdvisorNet Financial Inc now owns 220 shares of the energy company's stock valued at $28,000 after purchasing an additional 150 shares during the last quarter. New Age Alpha Advisors LLC bought a new position in Alpha Metallurgical Resources in the fourth quarter valued at about $40,000. PNC Financial Services Group Inc. raised its position in Alpha Metallurgical Resources by 127.6% in the fourth quarter. PNC Financial Services Group Inc. now owns 289 shares of the energy company's stock valued at $58,000 after purchasing an additional 162 shares during the last quarter. Public Employees Retirement System of Ohio bought a new position in Alpha Metallurgical Resources in the fourth quarter valued at about $60,000. Finally, Jones Financial Companies Lllp bought a new position in Alpha Metallurgical Resources in the fourth quarter valued at about $82,000. 84.29% of the stock is currently owned by institutional investors.

Alpha Metallurgical Resources Stock Down 7.1%

Alpha Metallurgical Resources stock traded down $8.24 during trading hours on Friday, hitting $107.47. The stock had a trading volume of 614,618 shares, compared to its average volume of 246,837. 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 one year low of $100.00 and a one year high of $334.72. The business's 50 day simple moving average is $118.93 and its 200-day simple moving average is $152.74.

Alpha Metallurgical Resources (NYSE:AMR - Get Free Report) last issued its quarterly earnings data on Friday, May 9th. The energy company reported ($2.60) earnings per share (EPS) 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 company had revenue of $531.96 million for the quarter, compared to the consensus estimate of $586.15 million. During the same quarter last year, the business earned $9.59 earnings per share. Alpha Metallurgical Resources's revenue was down 38.4% compared to the same quarter last year. Research analysts anticipate that Alpha Metallurgical Resources, Inc. will post 14.31 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have commented on the company. Wall Street Zen downgraded Alpha Metallurgical Resources from a "hold" rating to a "sell" rating in a research report on Thursday, May 22nd. B. Riley dropped their target price on Alpha Metallurgical Resources from $183.00 to $181.00 and set a "buy" rating for the company in a research report on Thursday, May 15th.

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.