Intech Investment Management LLC Purchases New Position in Alpha Metallurgical Resources, Inc. (NYSE:AMR)

Intech Investment Management LLC bought a new stake 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 Securities & Exchange Commission. The institutional investor bought 13,990 shares of the energy company's stock, valued at approximately $3,304,000. Intech Investment Management LLC owned about 0.11% of Alpha Metallurgical Resources as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently modified their holdings of AMR. Pacer Advisors Inc. grew its stake in Alpha Metallurgical Resources by 22.2% in the second quarter. Pacer Advisors Inc. now owns 613,208 shares of the energy company's stock worth $172,023,000 after purchasing an additional 111,504 shares in the last quarter. Hosking Partners LLP bought a new position in Alpha Metallurgical Resources in the second quarter worth approximately $5,123,000. American Century Companies Inc. grew its stake in Alpha Metallurgical Resources by 6.0% in the second quarter. American Century Companies Inc. now owns 305,726 shares of the energy company's stock worth $85,765,000 after purchasing an additional 17,261 shares in the last quarter. Edgestream Partners L.P. grew its stake in Alpha Metallurgical Resources by 743.8% in the second quarter. Edgestream Partners L.P. now owns 17,247 shares of the energy company's stock worth $4,838,000 after purchasing an additional 15,203 shares in the last quarter. Finally, Hi Line Capital Management LLC bought a new position in Alpha Metallurgical Resources in the third quarter worth approximately $3,060,000. Institutional investors own 84.29% of the company's stock.

Alpha Metallurgical Resources Stock Performance

Alpha Metallurgical Resources stock traded down $6.27 during mid-day trading on Friday, reaching $245.46. 168,818 shares of the company were exchanged, compared to its average volume of 176,675. The business has a fifty day moving average of $223.45 and a 200 day moving average of $258.63. The firm has a market cap of $3.20 billion, a P/E ratio of 9.01 and a beta of 1.33. Alpha Metallurgical Resources, Inc. has a 12-month low of $185.00 and a 12-month high of $452.00.

Alpha Metallurgical Resources (NYSE:AMR - Get Free Report) last issued its quarterly earnings data on Friday, November 1st. The energy company reported $0.29 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 analysts' expectations of $672.95 million. During the same quarter in the prior year, the company posted $6.65 EPS. The business's revenue for the quarter was down 9.4% on a year-over-year basis. Sell-side analysts predict that Alpha Metallurgical Resources, Inc. will post 16.87 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on AMR. B. Riley dropped their price objective 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. Benchmark restated a "hold" rating on shares of Alpha Metallurgical Resources in a report on Monday, November 4th.

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.