Charles Schwab Investment Management Inc. Purchases 7,241 Shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR)

Charles Schwab Investment Management Inc. increased its position in shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR - Free Report) by 4.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 162,883 shares of the energy company's stock after acquiring an additional 7,241 shares during the period. Charles Schwab Investment Management Inc. owned about 1.25% of Alpha Metallurgical Resources worth $38,470,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently bought and sold shares of the stock. Stratos Wealth Advisors LLC grew its position in Alpha Metallurgical Resources by 50.3% during 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 in the last quarter. Victory Capital Management Inc. raised its position in Alpha Metallurgical Resources by 22.4% in the 3rd quarter. Victory Capital Management Inc. now owns 15,441 shares of the energy company's stock worth $3,647,000 after purchasing an additional 2,823 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 purchasing an additional 4,121 shares during the last quarter. Jade Capital Advisors LLC raised its position in shares of Alpha Metallurgical Resources by 180.0% during the 3rd 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 during the last quarter. Finally, Edgestream Partners L.P. raised its position 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 valued at $4,838,000 after acquiring an additional 15,203 shares during the last quarter. 84.29% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently weighed in on AMR. B. Riley reduced 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 reaffirmed a "hold" rating on shares of Alpha Metallurgical Resources in a report on Monday, November 4th.

Alpha Metallurgical Resources Stock Performance

Shares of NYSE AMR remained flat at $242.47 during trading hours on Tuesday. 120,365 shares of the company traded hands, compared to its average volume of 163,883. Alpha Metallurgical Resources, Inc. has a twelve month low of $185.00 and a twelve month high of $452.00. The firm has a market cap of $3.16 billion, a P/E ratio of 8.90 and a beta of 1.46. The firm has a fifty day moving average of $228.11 and a two-hundred day moving average of $256.54.

Alpha Metallurgical Resources (NYSE:AMR - Get Free Report) last released its quarterly earnings results on Friday, November 1st. The energy company reported $0.29 earnings per share (EPS) 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 business had revenue of $671.90 million for the quarter, compared to the consensus estimate of $672.95 million. During the same period in the previous year, the business posted $6.65 EPS. Alpha Metallurgical Resources's revenue was down 9.4% on a year-over-year basis. Equities analysts anticipate that Alpha Metallurgical Resources, Inc. will post 16.87 earnings per share for the current fiscal year.

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.