Goehring & Rozencwajg Associates LLC Grows Stock Holdings in Alpha Metallurgical Resources, Inc. (NYSE:AMR)

Goehring & Rozencwajg Associates LLC raised its holdings in shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR) by 13.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 69,847 shares of the energy company’s stock after acquiring an additional 8,100 shares during the quarter. Alpha Metallurgical Resources makes up 3.9% of Goehring & Rozencwajg Associates LLC’s portfolio, making the stock its 7th largest holding. Goehring & Rozencwajg Associates LLC owned 0.54% of Alpha Metallurgical Resources worth $19,594,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the business. Janus Henderson Group PLC lifted its position in Alpha Metallurgical Resources by 19.3% during the first quarter. Janus Henderson Group PLC now owns 27,174 shares of the energy company’s stock valued at $8,998,000 after purchasing an additional 4,387 shares in the last quarter. Norges Bank bought a new position in shares of Alpha Metallurgical Resources during the 4th quarter valued at approximately $21,900,000. Wellington Management Group LLP grew its stake in shares of Alpha Metallurgical Resources by 5.8% during the 4th quarter. Wellington Management Group LLP now owns 50,053 shares of the energy company’s stock valued at $16,964,000 after acquiring an additional 2,754 shares during the period. Teachers Retirement System of The State of Kentucky purchased a new stake in Alpha Metallurgical Resources in the 4th quarter worth approximately $1,051,000. Finally, Hennessy Advisors Inc. raised its stake in Alpha Metallurgical Resources by 43.9% during the 1st quarter. Hennessy Advisors Inc. now owns 25,900 shares of the energy company’s stock worth $8,577,000 after acquiring an additional 7,900 shares during the period. Institutional investors own 84.29% of the company’s stock.

Alpha Metallurgical Resources Stock Down 2.6 %

NYSE AMR opened at $200.33 on Thursday. Alpha Metallurgical Resources, Inc. has a twelve month low of $185.00 and a twelve month high of $452.00. The business has a 50-day moving average price of $251.88 and a 200-day moving average price of $293.03. The firm has a market cap of $2.61 billion, a price-to-earnings ratio of 4.85 and a beta of 1.30.

Alpha Metallurgical Resources (NYSE:AMR) last released its earnings results on Monday, August 5th. The energy company reported $4.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.46 by $0.03. Alpha Metallurgical Resources had a return on equity of 28.63% and a net margin of 13.52%. The firm had revenue of $804.00 million during the quarter, compared to analysts’ expectations of $733.05 million. During the same quarter last year, the business posted $12.16 earnings per share. The firm’s revenue was down 6.3% on a year-over-year basis. Research analysts expect that Alpha Metallurgical Resources, Inc. will post 20.67 EPS for the current fiscal year.

Analyst Ratings Changes

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

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.