UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Increases Stock Position in Alpha Metallurgical Resources, Inc. (NYSE:AMR)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Alpha Metallurgical Resources, Inc. (NYSE:AMR - Free Report) by 26.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,548 shares of the energy company's stock after buying an additional 4,249 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.16% of Alpha Metallurgical Resources worth $4,112,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Dalal Street LLC grew its holdings in Alpha Metallurgical Resources by 1.6% in the 4th quarter. Dalal Street LLC now owns 487,251 shares of the energy company's stock valued at $97,509,000 after buying an additional 7,553 shares during the period. Empowered Funds LLC boosted its position in shares of Alpha Metallurgical Resources by 69.7% in the fourth quarter. Empowered Funds LLC now owns 12,139 shares of the energy company's stock worth $2,429,000 after acquiring an additional 4,985 shares during the last quarter. Ruffer LLP purchased a new stake in Alpha Metallurgical Resources in the fourth quarter valued at approximately $4,100,000. Barclays PLC grew its holdings in Alpha Metallurgical Resources by 309.2% in the third quarter. Barclays PLC now owns 18,646 shares of the energy company's stock valued at $4,402,000 after purchasing an additional 14,089 shares during the period. Finally, Proficio Capital Partners LLC purchased a new position in shares of Alpha Metallurgical Resources in the 4th quarter worth about $3,564,000. Institutional investors and hedge funds own 84.29% of the company's stock.

Analyst Upgrades and Downgrades

AMR has been the subject of a number of research analyst reports. B. Riley dropped their target price on shares of 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. Wall Street Zen lowered shares of Alpha Metallurgical Resources from a "hold" rating to a "sell" rating in a research report on Thursday, May 22nd.

Alpha Metallurgical Resources Price Performance

NYSE AMR traded up $3.03 during trading hours on Friday, hitting $110.67. The company had a trading volume of 218,473 shares, compared to its average volume of 242,827. Alpha Metallurgical Resources, Inc. has a fifty-two week low of $100.00 and a fifty-two week high of $334.72. The company has a market capitalization of $1.44 billion, a price-to-earnings ratio of 4.06 and a beta of 0.68. The firm's 50 day moving average is $119.11 and its 200 day moving average is $160.52.

Alpha Metallurgical Resources (NYSE:AMR - Get Free Report) last issued its 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). Alpha Metallurgical Resources had a return on equity of 22.65% and a net margin of 11.08%. The company had revenue of $531.96 million during the quarter, compared to analysts' expectations of $586.15 million. During the same period in the previous year, the company earned $9.59 EPS. Alpha Metallurgical Resources's quarterly revenue was down 38.4% on a year-over-year basis. On average, equities analysts anticipate that Alpha Metallurgical Resources, Inc. will post 14.31 EPS for the current year.

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.