Anthracite Investment Company Inc. Lowers Stock Holdings in Alpha Metallurgical Resources, Inc. (NYSE:AMR)

Anthracite Investment Company Inc. cut its holdings in Alpha Metallurgical Resources, Inc. (NYSE:AMR - Free Report) by 40.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,000 shares of the energy company's stock after selling 4,720 shares during the period. Anthracite Investment Company Inc. owned about 0.05% of Alpha Metallurgical Resources worth $1,653,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. Janus Henderson Group PLC lifted 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 worth $8,998,000 after purchasing an additional 4,387 shares during the last quarter. Stratos Wealth Advisors LLC raised its holdings in Alpha Metallurgical Resources by 50.3% in the third quarter. Stratos Wealth Advisors LLC now owns 9,878 shares of the energy company's stock worth $2,333,000 after buying an additional 3,305 shares during the last quarter. Old West Investment Management LLC raised its position in 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. Edgestream Partners L.P. bought a new position in shares of Alpha Metallurgical Resources during the 1st quarter valued at $677,000. Finally, Invst LLC purchased a new position in shares of Alpha Metallurgical Resources in the first quarter worth approximately $681,000. Hedge funds and other institutional investors own 84.29% of the company's stock.

Alpha Metallurgical Resources Trading Up 1.0 %

AMR stock traded up $2.36 during midday trading on Wednesday, reaching $243.69. The stock had a trading volume of 113,091 shares, compared to its average volume of 217,788. Alpha Metallurgical Resources, Inc. has a 52-week low of $185.00 and a 52-week high of $452.00. The company has a market cap of $3.17 billion, a price-to-earnings ratio of 8.87 and a beta of 1.33. The company's fifty day simple moving average is $220.74 and its 200 day simple moving average is $259.47.

Alpha Metallurgical Resources (NYSE:AMR - Get Free Report) last released 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 net margin of 11.08% and a return on equity of 22.65%. The firm had revenue of $671.90 million during the quarter, compared to analyst estimates of $672.95 million. During the same period in the prior year, the firm earned $6.65 earnings per share. The business's revenue was down 9.4% compared to the same quarter last year. Sell-side analysts predict that Alpha Metallurgical Resources, Inc. will post 16.87 EPS for the current year.

Analysts Set New Price Targets

AMR has been the topic of several research analyst reports. B. Riley lowered their target price on shares of Alpha Metallurgical Resources from $374.00 to $336.00 and set a "buy" rating on the stock in a report on Friday, September 6th. Benchmark reaffirmed a "hold" rating on shares of Alpha Metallurgical Resources in a research report on Monday, November 4th.

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.