Bokf Na Buys 175 Shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR)

Bokf Na increased its position in Alpha Metallurgical Resources, Inc. (NYSE:AMR) by 19.0% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,095 shares of the energy company’s stock after acquiring an additional 175 shares during the quarter. Bokf Na’s holdings in Alpha Metallurgical Resources were worth $307,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Principal Financial Group Inc. lifted its stake in Alpha Metallurgical Resources by 523.6% in the 4th quarter. Principal Financial Group Inc. now owns 75,966 shares of the energy company’s stock worth $25,746,000 after purchasing an additional 63,784 shares in the last quarter. Janus Henderson Group PLC boosted its stake in Alpha Metallurgical Resources by 19.3% during the first quarter. Janus Henderson Group PLC now owns 27,174 shares of the energy company’s stock valued at $8,998,000 after buying an additional 4,387 shares during the period. Norges Bank purchased a new position in shares of Alpha Metallurgical Resources during the fourth quarter worth about $21,900,000. Wellington Management Group LLP lifted its position in Alpha Metallurgical Resources by 5.8% during the fourth quarter. Wellington Management Group LLP now owns 50,053 shares of the energy company’s stock valued at $16,964,000 after purchasing an additional 2,754 shares during the last quarter. Finally, Teachers Retirement System of The State of Kentucky purchased a new position in Alpha Metallurgical Resources in the 4th quarter worth approximately $1,051,000. Hedge funds and other institutional investors own 84.29% of the company’s stock.

Alpha Metallurgical Resources Stock Performance

Shares of AMR opened at $209.65 on Tuesday. Alpha Metallurgical Resources, Inc. has a fifty-two week low of $185.00 and a fifty-two week high of $452.00. The firm has a market cap of $2.73 billion, a price-to-earnings ratio of 5.08 and a beta of 1.30. The firm has a 50 day moving average price of $255.93 and a 200-day moving average price of $294.95.

Alpha Metallurgical Resources (NYSE:AMR) last issued its earnings results on Monday, August 5th. The energy company reported $4.49 EPS for the quarter, topping 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 company had revenue of $804.00 million for the quarter, compared to analysts’ expectations of $733.05 million. During the same quarter last year, the company earned $12.16 EPS. The firm’s revenue was down 6.3% compared to the same quarter last year. As a group, equities research analysts predict that Alpha Metallurgical Resources, Inc. will post 20.67 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have recently issued reports on AMR shares. B. Riley dropped their price objective on shares of Alpha Metallurgical Resources from $374.00 to $336.00 and set a “buy” rating for the company in a report on Friday, September 6th. Benchmark reiterated a “hold” rating on shares of Alpha Metallurgical Resources in a report on Tuesday, August 6th.

Alpha Metallurgical Resources 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.