Sei Investments Co. Has $2.69 Million Stake in Alpha Metallurgical Resources, Inc. (NYSE:AMR)

Sei Investments Co. grew its position in Alpha Metallurgical Resources, Inc. (NYSE:AMR) by 200.9% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 9,596 shares of the energy company’s stock after purchasing an additional 6,407 shares during the quarter. Sei Investments Co.’s holdings in Alpha Metallurgical Resources were worth $2,691,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in Alpha Metallurgical Resources by 0.9% in the first quarter. Vanguard Group Inc. now owns 1,224,801 shares of the energy company’s stock worth $405,617,000 after purchasing an additional 11,217 shares in the last quarter. Pacer Advisors Inc. lifted its position in shares of Alpha Metallurgical Resources by 22.2% during the 2nd quarter. Pacer Advisors Inc. now owns 613,208 shares of the energy company’s stock valued at $172,023,000 after acquiring an additional 111,504 shares during the period. Gendell Jeffrey L boosted 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 in the last quarter. American Century Companies Inc. boosted its stake in Alpha Metallurgical Resources by 6.0% during the second 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 in the last quarter. Finally, Jupiter Asset Management Ltd. grew its holdings in Alpha Metallurgical Resources by 6.7% in the second quarter. Jupiter Asset Management Ltd. now owns 106,289 shares of the energy company’s stock worth $29,817,000 after purchasing an additional 6,646 shares during the period. 84.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

AMR has been the topic of several research reports. Benchmark reiterated a “hold” rating on shares of Alpha Metallurgical Resources in a report on Tuesday, August 6th. B. Riley dropped their price target on 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.

Alpha Metallurgical Resources Stock Up 3.3 %

Shares of AMR opened at $233.01 on Friday. The business’s fifty day moving average is $232.25 and its 200 day moving average is $283.55. Alpha Metallurgical Resources, Inc. has a 12-month low of $185.00 and a 12-month high of $452.00. The stock has a market cap of $3.03 billion, a P/E ratio of 5.64 and a beta of 1.30.

Alpha Metallurgical Resources (NYSE:AMR) last released its quarterly earnings data on Monday, August 5th. The energy company reported $4.49 earnings per share for the quarter, beating analysts’ consensus estimates of $4.46 by $0.03. The firm had revenue of $804.00 million for the quarter, compared to analyst estimates of $733.05 million. Alpha Metallurgical Resources had a net margin of 13.52% and a return on equity of 28.63%. The business’s quarterly revenue was down 6.3% compared to the same quarter last year. During the same period last year, the firm earned $12.16 earnings per share. On average, analysts expect that Alpha Metallurgical Resources, Inc. will post 20.67 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.