Alpha Metallurgical Resources, Inc. (NYSE:AMR) Shares Bought by Barclays PLC

Barclays PLC grew its position in Alpha Metallurgical Resources, Inc. (NYSE:AMR - Free Report) by 309.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,646 shares of the energy company's stock after buying an additional 14,089 shares during the period. Barclays PLC owned 0.14% of Alpha Metallurgical Resources worth $4,402,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Y Intercept Hong Kong Ltd lifted its stake in Alpha Metallurgical Resources by 168.1% during the 3rd quarter. Y Intercept Hong Kong Ltd now owns 3,866 shares of the energy company's stock worth $913,000 after acquiring an additional 2,424 shares in the last quarter. EP Wealth Advisors LLC acquired a new stake in Alpha Metallurgical Resources in the 3rd quarter valued at about $387,000. Wellington Management Group LLP lifted its stake in Alpha Metallurgical Resources by 26.5% in the third quarter. Wellington Management Group LLP now owns 48,515 shares of the energy company's stock worth $11,458,000 after acquiring an additional 10,161 shares during the last quarter. Point72 DIFC Ltd acquired a new position in Alpha Metallurgical Resources during the 3rd quarter worth approximately $128,000. Finally, HighTower Advisors LLC purchased a new stake in shares of Alpha Metallurgical Resources in the 3rd quarter valued at approximately $640,000. Institutional investors and hedge funds own 84.29% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on AMR shares. B. Riley lowered their target price on shares of 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. Benchmark reissued a "hold" rating on shares of Alpha Metallurgical Resources in a report on Monday, November 4th.

Insider Buying and Selling at Alpha Metallurgical Resources

In other Alpha Metallurgical Resources news, Director Kenneth S. Courtis sold 10,621 shares of the business's stock in a transaction on Friday, December 13th. The shares were sold at an average price of $228.73, for a total transaction of $2,429,341.33. Following the sale, the director now directly owns 603,342 shares in the company, valued at approximately $138,002,415.66. The trade was a 1.73 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 15.00% of the stock is currently owned by corporate insiders.

Alpha Metallurgical Resources Trading Down 1.7 %

Shares of AMR traded down $3.57 during mid-day trading on Friday, hitting $201.26. 478,879 shares of the company's stock were exchanged, compared to its average volume of 214,439. Alpha Metallurgical Resources, Inc. has a fifty-two week low of $185.00 and a fifty-two week high of $452.00. The business's 50 day moving average is $226.66 and its two-hundred day moving average is $248.39. The firm has a market capitalization of $2.62 billion, a P/E ratio of 7.39 and a beta of 1.46.

Alpha Metallurgical Resources (NYSE:AMR - Get Free Report) last announced 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 company had revenue of $671.90 million during the quarter, compared to analysts' expectations of $672.95 million. During the same quarter last year, the business posted $6.65 earnings per share. The company's revenue for the quarter was down 9.4% compared to the same quarter last year. On average, equities research analysts forecast that Alpha Metallurgical Resources, Inc. will post 16.87 earnings per share 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.