Alpha Metallurgical Resources, Inc. (NYSE:AMR) Shares Sold by Amalgamated Bank

Amalgamated Bank lowered its stake in shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR) by 6.2% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,511 shares of the energy company’s stock after selling 232 shares during the quarter. Amalgamated Bank’s holdings in Alpha Metallurgical Resources were worth $985,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Federated Hermes Inc. bought a new position in shares of Alpha Metallurgical Resources during the second quarter worth about $25,000. Creekmur Asset Management LLC bought a new position in Alpha Metallurgical Resources in the 4th quarter worth about $36,000. PNC Financial Services Group Inc. increased its stake in shares of Alpha Metallurgical Resources by 947.1% in the fourth quarter. PNC Financial Services Group Inc. now owns 178 shares of the energy company’s stock valued at $60,000 after purchasing an additional 161 shares during the period. FinTrust Capital Advisors LLC bought a new stake in shares of Alpha Metallurgical Resources during the fourth quarter valued at approximately $64,000. Finally, Headlands Technologies LLC acquired a new position in shares of Alpha Metallurgical Resources during the first quarter worth approximately $88,000. 84.29% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently commented on AMR shares. Benchmark reaffirmed a “hold” rating on shares of Alpha Metallurgical Resources in a research note on Tuesday, August 6th. B. Riley lowered their price target on Alpha Metallurgical Resources from $374.00 to $336.00 and set a “buy” rating on the stock in a report on Friday, September 6th.

Alpha Metallurgical Resources Trading Up 1.2 %

Shares of NYSE:AMR opened at $241.11 on Friday. Alpha Metallurgical Resources, Inc. has a twelve month low of $185.00 and a twelve month high of $452.00. The firm has a market cap of $3.14 billion, a P/E ratio of 5.87 and a beta of 1.30. The company has a 50 day moving average of $240.68 and a 200-day moving average of $287.02.

Alpha Metallurgical Resources (NYSE:AMR) last issued its earnings results on Monday, August 5th. The energy company reported $4.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.46 by $0.03. The business 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 28.63% and a net margin of 13.52%. The company’s quarterly revenue was down 6.3% on a year-over-year basis. During the same period in the previous year, the firm posted $12.16 EPS. Equities research analysts forecast that Alpha Metallurgical Resources, Inc. will post 20.67 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.