HighTower Advisors LLC Takes Position in Alpha Metallurgical Resources, Inc. (NYSE:AMR)

HighTower Advisors LLC purchased a new stake in shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR - Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 2,745 shares of the energy company's stock, valued at approximately $640,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in AMR. Creative Planning grew its holdings in Alpha Metallurgical Resources by 2.9% during the 2nd quarter. Creative Planning now owns 1,529 shares of the energy company's stock valued at $429,000 after purchasing an additional 43 shares in the last quarter. GAMMA Investing LLC boosted its position in Alpha Metallurgical Resources by 124.6% in the 3rd quarter. GAMMA Investing LLC now owns 137 shares of the energy company's stock valued at $32,000 after buying an additional 76 shares during the last quarter. Meixler Investment Management Ltd. grew its stake in shares of Alpha Metallurgical Resources by 1.4% during the second quarter. Meixler Investment Management Ltd. now owns 5,596 shares of the energy company's stock valued at $1,570,000 after acquiring an additional 78 shares in the last quarter. Vanguard Personalized Indexing Management LLC increased its position in shares of Alpha Metallurgical Resources by 9.1% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 997 shares of the energy company's stock worth $280,000 after acquiring an additional 83 shares during the last quarter. Finally, Federated Hermes Inc. acquired a new position in shares of Alpha Metallurgical Resources in the second quarter worth about $25,000. 84.29% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently commented on AMR shares. B. Riley reduced 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. Benchmark reiterated a "hold" rating on shares of Alpha Metallurgical Resources in a research note on Monday, November 4th.

Insider Activity

In other news, Director Kenneth S. Courtis sold 10,621 shares of the stock in a transaction on Friday, December 13th. The stock was sold at an average price of $228.73, for a total value of $2,429,341.33. Following the completion of the transaction, the director now owns 603,342 shares of the company's stock, valued at approximately $138,002,415.66. This represents a 1.73 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 15.00% of the company's stock.

Alpha Metallurgical Resources Trading Down 1.7 %

NYSE AMR traded down $3.57 during trading hours on Friday, reaching $201.26. The company's stock had a trading volume of 478,879 shares, compared to its average volume of 214,439. The business has a 50-day simple moving average of $227.12 and a 200 day simple moving average of $250.06. Alpha Metallurgical Resources, Inc. has a 52 week low of $185.00 and a 52 week high of $452.00. The stock has a market cap of $2.62 billion, a PE ratio of 7.39 and a beta of 1.46.

Alpha Metallurgical Resources (NYSE:AMR - Get Free Report) last issued its quarterly earnings data 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 the consensus estimate of $672.95 million. During the same quarter in the prior year, the business earned $6.65 earnings per share. The company's revenue for the quarter was down 9.4% compared to the same quarter last year. As a group, equities analysts predict that Alpha Metallurgical Resources, Inc. will post 16.87 EPS for the current 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.