nVerses Capital LLC Makes New $189,000 Investment in Alpha Metallurgical Resources, Inc. (NYSE:AMR)

nVerses Capital LLC bought a new stake in shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 800 shares of the energy company’s stock, valued at approximately $189,000.

Several other institutional investors and hedge funds have also recently modified their holdings of AMR. Federated Hermes Inc. purchased a new stake in shares of Alpha Metallurgical Resources in the second quarter valued at approximately $25,000. GAMMA Investing LLC grew its stake in Alpha Metallurgical Resources by 124.6% in the 3rd quarter. GAMMA Investing LLC now owns 137 shares of the energy company’s stock valued at $32,000 after acquiring an additional 76 shares during the period. Sound Income Strategies LLC purchased a new stake in Alpha Metallurgical Resources in the 3rd quarter worth $40,000. PNC Financial Services Group Inc. raised its position in Alpha Metallurgical Resources by 947.1% during the fourth quarter. PNC Financial Services Group Inc. now owns 178 shares of the energy company’s stock worth $60,000 after acquiring an additional 161 shares during the period. Finally, Headlands Technologies LLC purchased a new position in Alpha Metallurgical Resources during the first quarter valued at $88,000. Hedge funds and other institutional investors own 84.29% of the company’s stock.

Alpha Metallurgical Resources Stock Down 0.8 %

Shares of Alpha Metallurgical Resources stock opened at $209.27 on Friday. The business’s fifty day simple moving average is $222.92 and its 200-day simple moving average is $276.36. The firm has a market cap of $2.72 billion, a PE ratio of 5.07 and a beta of 1.30. 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 results 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. Alpha Metallurgical Resources had a net margin of 13.52% and a return on equity of 28.63%. The business had revenue of $804.00 million during the quarter, compared to analysts’ expectations of $733.05 million. During the same period last year, the business earned $12.16 earnings per share. The business’s revenue for the quarter was down 6.3% on a year-over-year basis. As a group, equities analysts expect that Alpha Metallurgical Resources, Inc. will post 20.67 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have commented on the company. Benchmark reissued a “hold” rating on shares of Alpha Metallurgical Resources in a report on Wednesday. B. Riley lowered their price target on shares of 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 Company Profile

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.