Exchange Traded Concepts LLC Has $1.24 Million Stock Position in Alpha Metallurgical Resources, Inc. (NYSE:AMR)

Exchange Traded Concepts LLC grew its holdings in shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR) by 10.1% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,883 shares of the energy company’s stock after buying an additional 909 shares during the quarter. Exchange Traded Concepts LLC’s holdings in Alpha Metallurgical Resources were worth $1,238,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in AMR. Rhumbline Advisers raised its position in Alpha Metallurgical Resources by 1.1% in the fourth quarter. Rhumbline Advisers now owns 30,302 shares of the energy company’s stock worth $6,064,000 after acquiring an additional 328 shares during the period. Principal Financial Group Inc. increased its holdings in Alpha Metallurgical Resources by 3.0% during the 4th quarter. Principal Financial Group Inc. now owns 53,358 shares of the energy company’s stock worth $10,678,000 after acquiring an additional 1,561 shares during the period. New York State Common Retirement Fund grew its stake in Alpha Metallurgical Resources by 4.4% in the 4th quarter. New York State Common Retirement Fund now owns 11,972 shares of the energy company’s stock worth $2,396,000 after buying an additional 500 shares in the last quarter. Y Intercept Hong Kong Ltd boosted its stake in shares of Alpha Metallurgical Resources by 32.5% in the 4th quarter. Y Intercept Hong Kong Ltd now owns 5,123 shares of the energy company’s stock valued at $1,025,000 after purchasing an additional 1,257 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in shares of Alpha Metallurgical Resources by 0.5% in the 4th quarter. Bank of New York Mellon Corp now owns 82,311 shares of the energy company’s stock valued at $16,472,000 after purchasing an additional 428 shares in the last quarter. 84.29% of the stock is currently owned by hedge funds and other institutional investors.

Alpha Metallurgical Resources Stock Performance

Shares of AMR stock opened at $115.69 on Thursday. Alpha Metallurgical Resources, Inc. has a one year low of $100.00 and a one year high of $334.72. The company’s 50-day moving average is $118.85 and its 200 day moving average is $153.88. The company has a market capitalization of $1.51 billion, a price-to-earnings ratio of 57.27 and a beta of 0.68.

Alpha Metallurgical Resources (NYSE:AMR) last announced its quarterly earnings data on Friday, May 9th. The energy company reported ($2.60) EPS for the quarter, missing the consensus estimate of ($1.06) by ($1.54). The firm had revenue of $531.96 million for the quarter, compared to analysts’ expectations of $586.15 million. Alpha Metallurgical Resources had a net margin of 1.01% and a return on equity of 1.62%. The business’s revenue for the quarter was down 38.4% compared to the same quarter last year. During the same period last year, the company posted $9.59 earnings per share. As a group, 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

A number of equities research analysts recently commented on AMR shares. B. Riley lowered their price target on shares of Alpha Metallurgical Resources from $183.00 to $181.00 and set a “buy” rating for the company in a report on Thursday, May 15th. Wall Street Zen lowered shares of Alpha Metallurgical Resources from a “hold” rating to a “sell” rating in a report on Thursday, May 22nd.

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.