Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR - Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 2,122 shares of the energy company's stock, valued at approximately $501,000.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in AMR. Janus Henderson Group PLC lifted its position in shares of 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 purchasing an additional 4,387 shares in the last quarter. Stratos Wealth Advisors LLC increased its stake in Alpha Metallurgical Resources by 50.3% in the 3rd quarter. Stratos Wealth Advisors LLC now owns 9,878 shares of the energy company's stock valued at $2,333,000 after buying an additional 3,305 shares during the last quarter. Victory Capital Management Inc. lifted its position in shares of Alpha Metallurgical Resources by 22.4% during the 3rd quarter. Victory Capital Management Inc. now owns 15,441 shares of the energy company's stock worth $3,647,000 after buying an additional 2,823 shares in the last quarter. Old West Investment Management LLC boosted its stake in shares of Alpha Metallurgical Resources by 177.2% in the 3rd quarter. Old West Investment Management LLC now owns 6,446 shares of the energy company's stock worth $1,522,000 after buying an additional 4,121 shares during the last quarter. Finally, Jade Capital Advisors LLC grew its holdings in shares of Alpha Metallurgical Resources by 180.0% in the third quarter. Jade Capital Advisors LLC now owns 7,000 shares of the energy company's stock valued at $1,653,000 after acquiring an additional 4,500 shares in the last quarter. 84.29% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
A number of brokerages recently commented on AMR. Benchmark reiterated a "hold" rating on shares of Alpha Metallurgical Resources in a report on Monday, November 4th. B. Riley lowered their target price on Alpha Metallurgical Resources from $374.00 to $336.00 and set a "buy" rating on the stock in a research note on Friday, September 6th.
Get Our Latest Report on AMR
Alpha Metallurgical Resources Price Performance
Shares of Alpha Metallurgical Resources stock traded down $5.09 on Friday, reaching $245.57. 90,564 shares of the company traded hands, compared to its average volume of 216,224. The company has a 50 day moving average of $227.53 and a 200 day moving average of $257.09. Alpha Metallurgical Resources, Inc. has a 52 week low of $185.00 and a 52 week high of $452.00. The firm has a market capitalization of $3.20 billion, a PE ratio of 9.01 and a beta of 1.33.
Alpha Metallurgical Resources (NYSE:AMR - Get Free Report) last announced its quarterly earnings data on Friday, November 1st. The energy company reported $0.29 earnings per share for the quarter, missing the consensus estimate of $1.60 by ($1.31). The firm had revenue of $671.90 million for the quarter, compared to the consensus estimate of $672.95 million. Alpha Metallurgical Resources had a net margin of 11.08% and a return on equity of 22.65%. Alpha Metallurgical Resources's revenue for the quarter was down 9.4% on a year-over-year basis. During the same period last year, the company posted $6.65 earnings per share. As a group, analysts anticipate that Alpha Metallurgical Resources, Inc. will post 16.87 earnings per share for the current year.
About Alpha Metallurgical Resources
(
Free Report)
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.
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