Empowered Funds LLC Sells 15,595 Shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR)

Empowered Funds LLC lessened its stake in Alpha Metallurgical Resources, Inc. (NYSE:AMR - Free Report) by 68.6% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,154 shares of the energy company's stock after selling 15,595 shares during the quarter. Empowered Funds LLC owned 0.05% of Alpha Metallurgical Resources worth $1,690,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in AMR. Janus Henderson Group PLC raised its position in shares of Alpha Metallurgical Resources by 19.3% in the 1st quarter. Janus Henderson Group PLC now owns 27,174 shares of the energy company's stock worth $8,998,000 after buying an additional 4,387 shares during the period. Stratos Wealth Advisors LLC raised its stake 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 valued at $2,333,000 after buying an additional 3,305 shares in the last quarter. Old West Investment Management LLC boosted its holdings 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 valued at $1,522,000 after buying an additional 4,121 shares during the period. Edgestream Partners L.P. acquired a new position in Alpha Metallurgical Resources during the 1st quarter valued at approximately $677,000. Finally, Invst LLC bought a new position in Alpha Metallurgical Resources in the 1st quarter worth about $681,000. Institutional investors and hedge funds own 84.29% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on AMR shares. Benchmark restated 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.

Alpha Metallurgical Resources Trading Up 1.5 %

Shares of Alpha Metallurgical Resources stock opened at $247.00 on Thursday. The company has a market cap of $3.22 billion, a price-to-earnings ratio of 8.94 and a beta of 1.33. Alpha Metallurgical Resources, Inc. has a 1 year low of $185.00 and a 1 year high of $452.00. The company's fifty day simple moving average is $221.76 and its 200-day simple moving average is $259.36.

Alpha Metallurgical Resources (NYSE:AMR - Get Free Report) last announced its quarterly earnings data on Friday, November 1st. The energy company reported $0.29 EPS for the quarter, missing analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $672.95 million. During the same period in the prior year, the company posted $6.65 EPS. The firm's quarterly revenue was down 9.4% on a year-over-year basis. As a group, research analysts forecast that Alpha Metallurgical Resources, Inc. will post 16.87 earnings per share for the current fiscal 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.