Invesco Ltd. Sells 12,881 Shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR)

Invesco Ltd. trimmed its holdings in shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR) by 11.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 100,589 shares of the energy company’s stock after selling 12,881 shares during the period. Invesco Ltd. owned 0.77% of Alpha Metallurgical Resources worth $20,130,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of AMR. New Age Alpha Advisors LLC acquired a new position in shares of Alpha Metallurgical Resources during the fourth quarter worth approximately $40,000. FNY Investment Advisers LLC bought a new position in Alpha Metallurgical Resources in the 4th quarter valued at $50,000. PNC Financial Services Group Inc. increased its stake in shares of Alpha Metallurgical Resources by 127.6% in the 4th 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 during the period. GAMMA Investing LLC lifted its stake in shares of Alpha Metallurgical Resources by 127.7% during the fourth quarter. GAMMA Investing LLC now owns 312 shares of the energy company’s stock valued at $62,000 after acquiring an additional 175 shares during the period. Finally, Jones Financial Companies Lllp bought a new position in Alpha Metallurgical Resources in the fourth quarter valued at about $82,000. Institutional investors own 84.29% of the company’s stock.

Analyst Ratings Changes

Separately, B. Riley lowered their price target on shares of Alpha Metallurgical Resources from $272.00 to $183.00 and set a “buy” rating for the company in a research report on Friday, April 11th.

Alpha Metallurgical Resources Price Performance

Shares of AMR stock opened at $124.57 on Friday. The stock has a market cap of $1.63 billion, a PE ratio of 4.57 and a beta of 1.08. The stock has a 50-day moving average of $134.15 and a 200-day moving average of $185.44. Alpha Metallurgical Resources, Inc. has a one year low of $100.00 and a one year high of $347.60.

Alpha Metallurgical Resources (NYSE:AMR) last issued its earnings results on Friday, February 28th. The energy company reported ($0.16) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.09). Alpha Metallurgical Resources had a net margin of 11.08% and a return on equity of 22.65%. The firm had revenue of $617.30 million during the quarter, compared to the consensus estimate of $658.20 million. During the same period in the previous year, the company posted $12.88 EPS. The firm’s revenue for the quarter was down 35.7% on a year-over-year basis. As a group, research analysts anticipate that Alpha Metallurgical Resources, Inc. will post 14.31 earnings per share for the current year.

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.