Old West Investment Management LLC Raises Stock Position in Alpha Metallurgical Resources, Inc. (NYSE:AMR)

Old West Investment Management LLC lifted its position in shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR - Free Report) by 92.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,468 shares of the energy company's stock after acquiring an additional 2,143 shares during the quarter. Old West Investment Management LLC's holdings in Alpha Metallurgical Resources were worth $1,055,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Pacer Advisors Inc. increased its position in Alpha Metallurgical Resources by 30.2% during the third quarter. Pacer Advisors Inc. now owns 798,584 shares of the energy company's stock worth $188,610,000 after buying an additional 185,376 shares in the last quarter. American Century Companies Inc. lifted its holdings in Alpha Metallurgical Resources by 6.0% in the 2nd quarter. American Century Companies Inc. now owns 305,726 shares of the energy company's stock valued at $85,765,000 after purchasing an additional 17,261 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Alpha Metallurgical Resources by 4.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 162,883 shares of the energy company's stock worth $38,470,000 after purchasing an additional 7,241 shares during the last quarter. Jupiter Asset Management Ltd. boosted its stake in shares of Alpha Metallurgical Resources by 6.7% during the 2nd quarter. Jupiter Asset Management Ltd. now owns 106,289 shares of the energy company's stock worth $29,817,000 after purchasing an additional 6,646 shares during the last quarter. Finally, Goehring & Rozencwajg Associates LLC grew its holdings in shares of Alpha Metallurgical Resources by 13.1% during the second quarter. Goehring & Rozencwajg Associates LLC now owns 69,847 shares of the energy company's stock worth $19,594,000 after buying an additional 8,100 shares in the last quarter. Institutional investors and hedge funds own 84.29% of the company's stock.

Alpha Metallurgical Resources Stock Performance

Alpha Metallurgical Resources stock traded down $6.94 during trading on Wednesday, reaching $228.48. The company had a trading volume of 169,114 shares, compared to its average volume of 214,310. The firm has a market capitalization of $2.97 billion, a price-to-earnings ratio of 8.38 and a beta of 1.46. Alpha Metallurgical Resources, Inc. has a 12-month low of $185.00 and a 12-month high of $452.00. The stock's 50 day moving average price is $228.33 and its two-hundred day moving average price is $253.56.

Alpha Metallurgical Resources (NYSE:AMR - Get Free Report) last issued its earnings results 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). Alpha Metallurgical Resources had a return on equity of 22.65% and a net margin of 11.08%. The firm had revenue of $671.90 million during the quarter, compared to analysts' expectations of $672.95 million. During the same period last year, the business posted $6.65 earnings per share. The company's quarterly revenue was down 9.4% compared to the same quarter last year. As a group, research analysts expect that Alpha Metallurgical Resources, Inc. will post 16.87 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages recently issued reports on AMR. Benchmark restated a "hold" rating on shares of Alpha Metallurgical Resources in a research report on Monday, November 4th. B. Riley dropped their target price on Alpha Metallurgical Resources from $374.00 to $336.00 and set a "buy" rating for the company in a research note on Friday, September 6th.

Alpha Metallurgical Resources Company 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.