Alpha Metallurgical Resources, Inc. (NYSE:AMR) Shares Bought by Vanguard Personalized Indexing Management LLC

Vanguard Personalized Indexing Management LLC raised its holdings in Alpha Metallurgical Resources, Inc. (NYSE:AMR) by 9.1% during the second quarter, HoldingsChannel.com reports. The firm owned 997 shares of the energy company’s stock after buying an additional 83 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Alpha Metallurgical Resources were worth $280,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in AMR. Federated Hermes Inc. acquired a new position in shares of Alpha Metallurgical Resources in the 2nd quarter valued at approximately $25,000. Creekmur Asset Management LLC acquired a new position in shares of Alpha Metallurgical Resources in the 4th quarter valued at approximately $36,000. PNC Financial Services Group Inc. raised its position in shares of Alpha Metallurgical Resources by 947.1% in the 4th quarter. PNC Financial Services Group Inc. now owns 178 shares of the energy company’s stock valued at $60,000 after purchasing an additional 161 shares in the last quarter. FinTrust Capital Advisors LLC acquired a new position in shares of Alpha Metallurgical Resources in the 4th quarter valued at approximately $64,000. Finally, Headlands Technologies LLC acquired a new position in shares of Alpha Metallurgical Resources in the 1st quarter valued at approximately $88,000. 84.29% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Alpha Metallurgical Resources Trading Up 1.3 %

Shares of NYSE AMR opened at $241.19 on Monday. Alpha Metallurgical Resources, Inc. has a twelve month low of $185.00 and a twelve month high of $452.00. The company has a market capitalization of $3.14 billion, a price-to-earnings ratio of 5.84 and a beta of 1.30. The business has a 50 day simple moving average of $239.36 and a 200-day simple moving average of $286.07.

Alpha Metallurgical Resources (NYSE:AMR) last issued its quarterly earnings data on Monday, August 5th. The energy company reported $4.49 EPS for the quarter, topping analysts’ consensus estimates of $4.46 by $0.03. The firm had revenue of $804.00 million during the quarter, compared to the consensus estimate of $733.05 million. Alpha Metallurgical Resources had a return on equity of 28.63% and a net margin of 13.52%. The firm’s revenue was down 6.3% on a year-over-year basis. During the same period in the prior year, the business earned $12.16 EPS. As a group, equities analysts predict that Alpha Metallurgical Resources, Inc. will post 20.67 earnings per share 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.