Janus Henderson Group PLC Has $4.58 Million Position in Alpha Metallurgical Resources, Inc. (NYSE:AMR)

Janus Henderson Group PLC cut its holdings in Alpha Metallurgical Resources, Inc. (NYSE:AMR) by 13.4% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 19,383 shares of the energy company’s stock after selling 3,005 shares during the quarter. Janus Henderson Group PLC owned about 0.15% of Alpha Metallurgical Resources worth $4,578,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in AMR. Pacer Advisors Inc. raised its holdings in shares of Alpha Metallurgical Resources by 30.2% during the 3rd quarter. Pacer Advisors Inc. now owns 798,584 shares of the energy company’s stock valued at $188,610,000 after purchasing an additional 185,376 shares in the last quarter. Hosking Partners LLP bought a new position in Alpha Metallurgical Resources during the second quarter valued at about $5,123,000. American Century Companies Inc. lifted its position in shares of Alpha Metallurgical Resources by 6.0% in the second quarter. American Century Companies Inc. now owns 305,726 shares of the energy company’s stock worth $85,765,000 after buying an additional 17,261 shares during the last quarter. Edgestream Partners L.P. boosted its stake in shares of Alpha Metallurgical Resources by 743.8% during the 2nd quarter. Edgestream Partners L.P. now owns 17,247 shares of the energy company’s stock worth $4,838,000 after acquiring an additional 15,203 shares in the last quarter. Finally, Intech Investment Management LLC acquired a new position in shares of Alpha Metallurgical Resources during the 3rd quarter valued at about $3,304,000. 84.29% of the stock is owned by institutional investors.

Analyst Ratings Changes

AMR has been the subject of several analyst reports. B. Riley reduced their target price 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. Benchmark restated a “hold” rating on shares of Alpha Metallurgical Resources in a research note on Monday, November 4th.

Alpha Metallurgical Resources Stock Performance

Shares of NYSE:AMR opened at $235.52 on Wednesday. The stock’s 50-day moving average is $228.30 and its 200-day moving average is $253.74. The company has a market cap of $3.07 billion, a P/E ratio of 8.64 and a beta of 1.46. 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 released its earnings results on Friday, November 1st. The energy company reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.60 by ($1.31). Alpha Metallurgical Resources had a net margin of 11.08% and a return on equity of 22.65%. The business had revenue of $671.90 million during the quarter, compared to analyst estimates of $672.95 million. During the same period last year, the business earned $6.65 EPS. The business’s quarterly revenue was down 9.4% compared to the same quarter last year. As a group, equities analysts predict that Alpha Metallurgical Resources, Inc. will post 16.87 EPS for the current year.

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.