Alpha Metallurgical Resources, Inc. (NYSE:AMR) Shares Purchased by GAMMA Investing LLC

GAMMA Investing LLC lifted its position in Alpha Metallurgical Resources, Inc. (NYSE:AMR) by 124.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 137 shares of the energy company’s stock after purchasing an additional 76 shares during the quarter. GAMMA Investing LLC’s holdings in Alpha Metallurgical Resources were worth $32,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Pacer Advisors Inc. grew its stake in shares of Alpha Metallurgical Resources by 22.2% in the 2nd quarter. Pacer Advisors Inc. now owns 613,208 shares of the energy company’s stock valued at $172,023,000 after buying an additional 111,504 shares during the period. Jupiter Asset Management Ltd. acquired a new position in Alpha Metallurgical Resources in the first quarter valued at approximately $32,999,000. Gendell Jeffrey L increased its stake in Alpha Metallurgical Resources by 21.8% during the first quarter. Gendell Jeffrey L now owns 350,125 shares of the energy company’s stock worth $115,951,000 after acquiring an additional 62,725 shares during the last quarter. Vanguard Group Inc. raised its position in Alpha Metallurgical Resources by 5.4% in the fourth quarter. Vanguard Group Inc. now owns 1,213,584 shares of the energy company’s stock valued at $411,308,000 after purchasing an additional 61,915 shares during the period. Finally, Empowered Funds LLC lifted its stake in shares of Alpha Metallurgical Resources by 85.5% in the 1st quarter. Empowered Funds LLC now owns 41,555 shares of the energy company’s stock valued at $13,762,000 after purchasing an additional 19,154 shares during the last quarter. 84.29% of the stock is currently owned by institutional investors and hedge funds.

Alpha Metallurgical Resources Stock Down 0.9 %

Shares of NYSE AMR opened at $209.12 on Friday. The business’s 50 day moving average is $222.92 and its two-hundred day moving average is $276.62. Alpha Metallurgical Resources, Inc. has a 52-week low of $185.00 and a 52-week high of $452.00. The firm has a market cap of $2.72 billion, a price-to-earnings ratio of 5.07 and a beta of 1.30.

Alpha Metallurgical Resources (NYSE:AMR) last posted its quarterly earnings data on Monday, August 5th. The energy company reported $4.49 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to the consensus estimate of $733.05 million. During the same quarter in the previous year, the business earned $12.16 EPS. The company’s quarterly revenue was down 6.3% compared to the same quarter last year. Analysts anticipate that Alpha Metallurgical Resources, Inc. will post 20.67 EPS for the current fiscal year.

Wall Street Analyst Weigh In

AMR has been the subject of a number of recent analyst reports. Benchmark reissued a “hold” rating on shares of Alpha Metallurgical Resources in a research report on Wednesday. B. Riley dropped their price target 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.

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.