Y Intercept Hong Kong Ltd lifted its stake in Alpha Metallurgical Resources, Inc. (NYSE:AMR - Free Report) by 175.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 14,108 shares of the energy company's stock after buying an additional 8,985 shares during the period. Y Intercept Hong Kong Ltd owned approximately 0.11% of Alpha Metallurgical Resources worth $1,767,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also added to or reduced their stakes in the company. Raymond James Financial Inc. bought a new stake in Alpha Metallurgical Resources during the fourth quarter worth $366,000. PNC Financial Services Group Inc. boosted its stake 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 buying an additional 162 shares in the last quarter. Swiss National Bank grew its position in Alpha Metallurgical Resources by 0.5% in the fourth quarter. Swiss National Bank now owns 21,700 shares of the energy company's stock valued at $4,343,000 after acquiring an additional 100 shares during the last quarter. Cibc World Markets Corp acquired a new position in Alpha Metallurgical Resources during the fourth quarter worth about $206,000. Finally, American Century Companies Inc. lifted its holdings in shares of 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 acquiring an additional 32,027 shares during the last quarter. Institutional investors and hedge funds own 84.29% of the company's stock.
Alpha Metallurgical Resources Trading Down 2.6%
NYSE:AMR traded down $3.57 during trading hours on Friday, hitting $134.52. 272,098 shares of the company were exchanged, compared to its average volume of 447,684. The stock has a market capitalization of $1.76 billion, a price-to-earnings ratio of 66.59 and a beta of 0.66. Alpha Metallurgical Resources, Inc. has a one year low of $97.41 and a one year high of $303.41. The company has a fifty day simple moving average of $115.61 and a 200 day simple moving average of $135.26.
Alpha Metallurgical Resources (NYSE:AMR - Get Free Report) last posted its quarterly earnings data on Friday, May 9th. The energy company reported ($2.60) EPS for the quarter, missing analysts' consensus estimates of ($1.06) by ($1.54). The firm had revenue of $531.96 million during the quarter, compared to the consensus estimate of $586.15 million. Alpha Metallurgical Resources had a net margin of 1.01% and a return on equity of 1.62%. The company's revenue for the quarter was down 38.4% compared to the same quarter last year. During the same period in the prior year, the company posted $9.59 earnings per share. Equities research analysts predict that Alpha Metallurgical Resources, Inc. will post 14.31 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
Several equities analysts recently commented on AMR shares. Wall Street Zen downgraded shares of Alpha Metallurgical Resources from a "hold" rating to a "sell" rating in a research note on Thursday, May 22nd. B. Riley dropped their target price on Alpha Metallurgical Resources from $181.00 to $173.00 and set a "buy" rating for the company in a research report on Tuesday, July 22nd. Finally, Jefferies Financial Group initiated coverage on Alpha Metallurgical Resources in a report on Tuesday, July 1st. They set a "hold" rating and a $110.00 price target on the stock.
Get Our Latest Analysis on Alpha Metallurgical Resources
About Alpha Metallurgical Resources
(
Free Report)
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.
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