Janus Henderson Group PLC Sells 3,005 Shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR)

Janus Henderson Group PLC trimmed its holdings in shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR - Free Report) by 13.4% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 19,383 shares of the energy company's stock after selling 3,005 shares during the period. Janus Henderson Group PLC owned approximately 0.15% of Alpha Metallurgical Resources worth $4,578,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of AMR. HighTower Advisors LLC acquired a new stake in shares of Alpha Metallurgical Resources in the 3rd quarter valued at about $640,000. Centiva Capital LP grew its stake in Alpha Metallurgical Resources by 32.6% in the third quarter. Centiva Capital LP now owns 6,969 shares of the energy company's stock valued at $1,646,000 after acquiring an additional 1,715 shares during the period. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Alpha Metallurgical Resources during the third quarter valued at approximately $157,000. Freedom Investment Management Inc. increased its holdings in shares of Alpha Metallurgical Resources by 15.9% during the third quarter. Freedom Investment Management Inc. now owns 2,182 shares of the energy company's stock valued at $515,000 after acquiring an additional 299 shares in the last quarter. Finally, Cynosure Group LLC raised its position in shares of Alpha Metallurgical Resources by 183.8% during the third quarter. Cynosure Group LLC now owns 3,556 shares of the energy company's stock worth $840,000 after purchasing an additional 2,303 shares during the period. Institutional investors and hedge funds own 84.29% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. B. Riley decreased their price target 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 reissued a "hold" rating on shares of Alpha Metallurgical Resources in a research report on Monday, November 4th.

Alpha Metallurgical Resources Stock Performance

Shares of Alpha Metallurgical Resources stock traded down $6.94 on Wednesday, hitting $228.48. The company had a trading volume of 169,114 shares, compared to its average volume of 214,310. The stock has a market capitalization of $2.97 billion, a price-to-earnings ratio of 8.38 and a beta of 1.46. Alpha Metallurgical Resources, Inc. has a 1 year low of $185.00 and a 1 year high of $452.00. The stock has a 50 day moving average of $228.33 and a 200-day moving average of $253.56.

Alpha Metallurgical Resources (NYSE:AMR - Get Free Report) last released its quarterly earnings results on Friday, November 1st. The energy company reported $0.29 EPS for the quarter, missing analysts' consensus estimates of $1.60 by ($1.31). The company had revenue of $671.90 million during the quarter, compared to analysts' expectations of $672.95 million. Alpha Metallurgical Resources had a net margin of 11.08% and a return on equity of 22.65%. The company's quarterly revenue was down 9.4% compared to the same quarter last year. During the same period in the previous year, the company posted $6.65 earnings per share. Equities analysts anticipate that Alpha Metallurgical Resources, Inc. will post 16.87 earnings per share for the current 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.