Louisiana State Employees Retirement System Sells 500 Shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR)

Louisiana State Employees Retirement System cut its holdings in Alpha Metallurgical Resources, Inc. (NYSE:AMR) by 8.6% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 5,300 shares of the energy company’s stock after selling 500 shares during the period. Louisiana State Employees Retirement System’s holdings in Alpha Metallurgical Resources were worth $1,252,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the business. X Square Capital LLC increased its stake in shares of Alpha Metallurgical Resources by 6.6% in the third quarter. X Square Capital LLC now owns 2,921 shares of the energy company’s stock worth $690,000 after purchasing an additional 180 shares during the period. Jade Capital Advisors LLC increased its stake in shares of Alpha Metallurgical Resources by 180.0% in the third quarter. Jade Capital Advisors LLC now owns 7,000 shares of the energy company’s stock worth $1,653,000 after purchasing an additional 4,500 shares during the period. Blue Trust Inc. increased its stake in shares of Alpha Metallurgical Resources by 69.5% in the third quarter. Blue Trust Inc. now owns 1,722 shares of the energy company’s stock worth $407,000 after purchasing an additional 706 shares during the period. Stratos Wealth Advisors LLC increased its stake in shares of Alpha Metallurgical Resources by 50.3% in the third quarter. Stratos Wealth Advisors LLC now owns 9,878 shares of the energy company’s stock worth $2,333,000 after purchasing an additional 3,305 shares during the period. Finally, nVerses Capital LLC bought a new position in shares of Alpha Metallurgical Resources in the third quarter worth about $189,000. 84.29% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on AMR shares. Benchmark reissued a “hold” rating on shares of Alpha Metallurgical Resources in a research report on Wednesday, October 16th. B. Riley decreased their target price on Alpha Metallurgical Resources from $374.00 to $336.00 and set a “buy” rating on the stock in a research report on Friday, September 6th.

Alpha Metallurgical Resources Stock Down 2.7 %

AMR stock opened at $202.60 on Friday. The business’s 50-day simple moving average is $216.68 and its 200 day simple moving average is $268.70. The company has a market cap of $2.64 billion, a PE ratio of 6.03 and a beta of 1.30. Alpha Metallurgical Resources, Inc. has a twelve month low of $185.00 and a twelve month high of $452.00.

Alpha Metallurgical Resources (NYSE:AMR) last released its quarterly earnings data on Friday, November 1st. The energy company reported $0.29 earnings per share 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 13.52% and a return on equity of 28.63%. The firm’s revenue for the quarter was down 9.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $6.65 earnings per share. On average, equities research analysts anticipate that Alpha Metallurgical Resources, Inc. will post 17.89 EPS 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.