Alpha Metallurgical Resources, Inc. (NYSE:AMR) Stake Boosted by Larson Financial Group LLC

Larson Financial Group LLC lifted its holdings in Alpha Metallurgical Resources, Inc. (NYSE:AMR) by 100,000.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,001 shares of the energy company’s stock after purchasing an additional 1,000 shares during the period. Larson Financial Group LLC’s holdings in Alpha Metallurgical Resources were worth $236,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of AMR. Pacer Advisors Inc. lifted its stake in shares of Alpha Metallurgical Resources by 30.2% in the 3rd quarter. Pacer Advisors Inc. now owns 798,584 shares of the energy company’s stock valued at $188,610,000 after purchasing an additional 185,376 shares during the last quarter. Hosking Partners LLP acquired a new stake in shares of Alpha Metallurgical Resources in the 2nd quarter valued at $5,123,000. American Century Companies Inc. lifted its position in Alpha Metallurgical Resources by 6.0% during the 2nd quarter. American Century Companies Inc. now owns 305,726 shares of the energy company’s stock worth $85,765,000 after acquiring an additional 17,261 shares during the last quarter. Edgestream Partners L.P. lifted its position in Alpha Metallurgical Resources by 743.8% during the 2nd quarter. Edgestream Partners L.P. now owns 17,247 shares of the energy company’s stock worth $4,838,000 after acquiring an additional 15,203 shares during the last quarter. Finally, Intech Investment Management LLC acquired a new position in Alpha Metallurgical Resources during the 3rd quarter worth $3,304,000. Institutional investors and hedge funds own 84.29% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on AMR shares. B. Riley cut their target price on shares of Alpha Metallurgical Resources from $374.00 to $336.00 and set a “buy” rating for the company in a research report on Friday, September 6th. Benchmark reissued a “hold” rating on shares of Alpha Metallurgical Resources in a research report on Monday, November 4th.

Alpha Metallurgical Resources Stock Performance

Shares of AMR opened at $250.72 on Thursday. The company has a 50-day simple moving average of $226.09 and a 200-day simple moving average of $257.66. The firm has a market capitalization of $3.26 billion, a P/E ratio of 9.20 and a beta of 1.33. Alpha Metallurgical Resources, Inc. has a 52 week low of $185.00 and a 52 week high of $452.00.

Alpha Metallurgical Resources (NYSE:AMR) last announced its quarterly earnings data on Friday, November 1st. The energy company reported $0.29 EPS for the quarter, missing analysts’ consensus estimates of $1.60 by ($1.31). The company had revenue of $671.90 million for the quarter, compared to analyst estimates of $672.95 million. Alpha Metallurgical Resources had a net margin of 11.08% and a return on equity of 22.65%. The firm’s quarterly revenue was down 9.4% on a year-over-year basis. During the same period in the prior year, the company posted $6.65 EPS. As a group, equities analysts forecast that Alpha Metallurgical Resources, Inc. will post 16.87 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.