SG Americas Securities LLC Sells 430 Shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR)

SG Americas Securities LLC decreased its stake in shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR) by 40.0% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 644 shares of the energy company’s stock after selling 430 shares during the quarter. SG Americas Securities LLC’s holdings in Alpha Metallurgical Resources were worth $181,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in AMR. Opal Wealth Advisors LLC bought a new position in Alpha Metallurgical Resources during the second quarter valued at about $142,000. Aquamarine Zurich AG acquired a new stake in shares of Alpha Metallurgical Resources during the 2nd quarter worth approximately $2,244,000. Linden Thomas Advisory Services LLC increased its position in shares of Alpha Metallurgical Resources by 0.6% during the second quarter. Linden Thomas Advisory Services LLC now owns 7,823 shares of the energy company’s stock valued at $2,195,000 after purchasing an additional 47 shares during the period. DekaBank Deutsche Girozentrale increased its position in shares of Alpha Metallurgical Resources by 248.9% during the first quarter. DekaBank Deutsche Girozentrale now owns 1,385 shares of the energy company’s stock valued at $450,000 after purchasing an additional 988 shares during the period. Finally, Teachers Retirement System of The State of Kentucky raised its stake in shares of Alpha Metallurgical Resources by 12.9% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 3,500 shares of the energy company’s stock valued at $1,159,000 after purchasing an additional 400 shares in the last quarter. Institutional investors and hedge funds own 84.29% of the company’s stock.

Alpha Metallurgical Resources Trading Up 0.2 %

AMR stock opened at $226.34 on Friday. The firm has a market cap of $2.94 billion, a P/E ratio of 5.48 and a beta of 1.36. Alpha Metallurgical Resources, Inc. has a 1-year low of $190.59 and a 1-year high of $452.00. The business’s 50 day moving average is $282.71 and its 200-day moving average is $314.38.

Alpha Metallurgical Resources (NYSE:AMR) last announced its quarterly earnings results on Monday, August 5th. The energy company reported $4.49 earnings per share for the quarter, beating analysts’ consensus estimates of $4.46 by $0.03. The firm had revenue of $804.00 million for the quarter, compared to analysts’ expectations of $733.05 million. Alpha Metallurgical Resources had a return on equity of 36.77% and a net margin of 16.89%. The business’s revenue was down 6.3% compared to the same quarter last year. During the same period in the prior year, the business posted $12.16 earnings per share. Sell-side analysts forecast that Alpha Metallurgical Resources, Inc. will post 28.83 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on AMR shares. B. Riley lifted their price target on shares of Alpha Metallurgical Resources from $374.00 to $375.00 and gave the stock a “buy” rating in a research note on Tuesday, May 7th. Benchmark reiterated a “hold” rating on shares of Alpha Metallurgical Resources in a research report on Tuesday, August 6th.

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.