Impala Asset Management LLC Takes $1.18 Million Position in Alpha Metallurgical Resources, Inc. (NYSE:AMR)

Impala Asset Management LLC bought a new position in shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR - Free Report) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm bought 5,000 shares of the energy company's stock, valued at approximately $1,181,000. Alpha Metallurgical Resources comprises 0.8% of Impala Asset Management LLC's holdings, making the stock its 15th largest holding.

A number of other institutional investors have also made changes to their positions in AMR. Pacer Advisors Inc. grew its holdings in shares of Alpha Metallurgical Resources by 30.2% during the third quarter. Pacer Advisors Inc. now owns 798,584 shares of the energy company's stock valued at $188,610,000 after purchasing an additional 185,376 shares during the last quarter. American Century Companies Inc. grew its stake in Alpha Metallurgical Resources by 6.0% during the 2nd quarter. American Century Companies Inc. now owns 305,726 shares of the energy company's stock worth $85,765,000 after buying an additional 17,261 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in Alpha Metallurgical Resources by 4.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 162,883 shares of the energy company's stock worth $38,470,000 after buying an additional 7,241 shares during the period. Jupiter Asset Management Ltd. lifted its stake in Alpha Metallurgical Resources by 6.7% in the second quarter. Jupiter Asset Management Ltd. now owns 106,289 shares of the energy company's stock valued at $29,817,000 after buying an additional 6,646 shares during the last quarter. Finally, Goehring & Rozencwajg Associates LLC boosted its holdings in shares of Alpha Metallurgical Resources by 13.1% during the second quarter. Goehring & Rozencwajg Associates LLC now owns 69,847 shares of the energy company's stock valued at $19,594,000 after acquiring an additional 8,100 shares during the period. 84.29% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. B. Riley cut their price objective on shares of Alpha Metallurgical Resources from $374.00 to $336.00 and set a "buy" rating on the stock in a research report 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 traded up $3.28 on Tuesday, hitting $235.52. The company's stock had a trading volume of 189,870 shares, compared to its average volume of 214,338. The company has a market capitalization of $3.07 billion, a price-to-earnings ratio of 8.64 and a beta of 1.46. Alpha Metallurgical Resources, Inc. has a 12 month low of $185.00 and a 12 month high of $452.00. The stock's 50-day moving average is $228.30 and its two-hundred day moving average is $253.74.

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 (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 during the quarter, compared to the consensus estimate of $672.95 million. During the same quarter in the prior year, the company earned $6.65 EPS. The business's quarterly revenue was down 9.4% on a year-over-year basis. Equities analysts expect 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.