Alpha Metallurgical Resources, Inc. (NYSE:AMR) Stock Position Increased by Vanguard Group Inc.

Vanguard Group Inc. lifted its position in Alpha Metallurgical Resources, Inc. (NYSE:AMR) by 5.4% during the fourth quarter, Holdings Channel reports. The institutional investor owned 1,213,584 shares of the energy company’s stock after buying an additional 61,915 shares during the quarter. Vanguard Group Inc. owned approximately 0.09% of Alpha Metallurgical Resources worth $411,308,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of AMR. Invesco Ltd. raised its stake in shares of Alpha Metallurgical Resources by 180.9% in the 3rd quarter. Invesco Ltd. now owns 115,816 shares of the energy company’s stock worth $30,081,000 after buying an additional 74,583 shares in the last quarter. Stifel Financial Corp acquired a new stake in shares of Alpha Metallurgical Resources during the third quarter worth $2,363,000. Qube Research & Technologies Ltd acquired a new stake in shares of Alpha Metallurgical Resources during the third quarter worth $2,991,000. Tower Research Capital LLC TRC raised its position in shares of Alpha Metallurgical Resources by 338.2% during the third quarter. Tower Research Capital LLC TRC now owns 2,559 shares of the energy company’s stock worth $665,000 after purchasing an additional 1,975 shares during the period. Finally, Caxton Associates LP raised its position in shares of Alpha Metallurgical Resources by 16.2% during the third quarter. Caxton Associates LP now owns 3,934 shares of the energy company’s stock worth $1,022,000 after purchasing an additional 549 shares during the period. Institutional investors own 84.29% of the company’s stock.

Alpha Metallurgical Resources Trading Up 1.8 %

Shares of AMR stock opened at $281.28 on Thursday. Alpha Metallurgical Resources, Inc. has a 1-year low of $151.24 and a 1-year high of $452.00. The company has a market capitalization of $3.66 billion, a price-to-earnings ratio of 6.81 and a beta of 1.33. The stock’s fifty day simple moving average is $306.95 and its 200-day simple moving average is $337.29.

Alpha Metallurgical Resources (NYSE:AMR) last issued its quarterly earnings results on Monday, May 6th. The energy company reported $9.59 earnings per share for the quarter, missing analysts’ consensus estimates of $9.61 by ($0.02). Alpha Metallurgical Resources had a net margin of 16.89% and a return on equity of 36.77%. The business had revenue of $864.07 million for the quarter, compared to analysts’ expectations of $845.35 million. During the same quarter in the prior year, the firm posted $17.01 EPS. The business’s quarterly revenue was down 5.2% compared to the same quarter last year. On average, sell-side analysts predict that Alpha Metallurgical Resources, Inc. will post 28.91 EPS for the current year.

Insider Activity

In other news, CAO Roger Lee Nicholson sold 3,593 shares of Alpha Metallurgical Resources stock in a transaction on Tuesday, May 14th. The stock was sold at an average price of $290.16, for a total transaction of $1,042,544.88. Following the transaction, the chief accounting officer now owns 6,127 shares in the company, valued at $1,777,810.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 16.40% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages have recently issued reports on AMR. Benchmark reaffirmed a “hold” rating on shares of Alpha Metallurgical Resources in a research report on Tuesday, May 7th. B. Riley boosted their target price on Alpha Metallurgical Resources from $374.00 to $375.00 and gave the stock a “buy” rating in a research report on Tuesday, May 7th.

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.