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

Invesco Ltd. cut its holdings in shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR - Free Report) by 11.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 100,589 shares of the energy company's stock after selling 12,881 shares during the quarter. Invesco Ltd. owned about 0.77% of Alpha Metallurgical Resources worth $20,130,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in AMR. Norges Bank acquired a new position in shares of Alpha Metallurgical Resources in the fourth quarter valued at $26,332,000. American Century Companies Inc. grew its stake in Alpha Metallurgical Resources by 9.8% in the 4th quarter. American Century Companies Inc. now owns 359,006 shares of the energy company's stock valued at $71,844,000 after buying an additional 32,027 shares during the last quarter. Hosking Partners LLP raised its holdings in Alpha Metallurgical Resources by 76.6% in the 4th quarter. Hosking Partners LLP now owns 55,220 shares of the energy company's stock valued at $11,051,000 after acquiring an additional 23,944 shares during the period. Charles Schwab Investment Management Inc. lifted its position in Alpha Metallurgical Resources by 12.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 183,519 shares of the energy company's stock worth $36,726,000 after acquiring an additional 20,636 shares during the last quarter. Finally, Ruffer LLP bought a new stake in shares of Alpha Metallurgical Resources during the fourth quarter worth approximately $4,100,000. Institutional investors own 84.29% of the company's stock.

Alpha Metallurgical Resources Stock Up 1.1 %

Shares of Alpha Metallurgical Resources stock traded up $1.36 during trading on Thursday, reaching $125.81. The company's stock had a trading volume of 31,256 shares, compared to its average volume of 228,913. The business's 50-day moving average price is $130.89 and its 200-day moving average price is $183.55. Alpha Metallurgical Resources, Inc. has a 52 week low of $100.00 and a 52 week high of $347.60. The firm has a market cap of $1.64 billion, a PE ratio of 4.58 and a beta of 1.08.

Alpha Metallurgical Resources (NYSE:AMR - Get Free Report) last posted its quarterly earnings data on Friday, February 28th. The energy company reported ($0.16) earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 business had revenue of $617.30 million during the quarter, compared to the consensus estimate of $658.20 million. During the same period in the prior year, the firm earned $12.88 EPS. The business's revenue for the quarter was down 35.7% on a year-over-year basis. Equities analysts predict that Alpha Metallurgical Resources, Inc. will post 14.31 earnings per share for the current year.

Analyst Ratings Changes

Separately, B. Riley lowered their target price on Alpha Metallurgical Resources from $272.00 to $183.00 and set a "buy" rating on the stock in a research note on Friday, April 11th.

Alpha Metallurgical Resources 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.