Stratos Wealth Advisors LLC Raises Position in Alpha Metallurgical Resources, Inc. (NYSE:AMR)

Stratos Wealth Advisors LLC raised its stake in shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR - Free Report) by 50.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,878 shares of the energy company's stock after acquiring an additional 3,305 shares during the period. Stratos Wealth Advisors LLC owned about 0.08% of Alpha Metallurgical Resources worth $2,333,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of AMR. Vanguard Group Inc. increased its position in shares of Alpha Metallurgical Resources by 0.9% during the first quarter. Vanguard Group Inc. now owns 1,224,801 shares of the energy company's stock valued at $405,617,000 after acquiring an additional 11,217 shares during the last quarter. Pacer Advisors Inc. grew its stake in Alpha Metallurgical Resources by 22.2% in the 2nd quarter. Pacer Advisors Inc. now owns 613,208 shares of the energy company's stock valued at $172,023,000 after purchasing an additional 111,504 shares during the period. Gendell Jeffrey L increased its position in shares of Alpha Metallurgical Resources by 21.8% during the 1st quarter. Gendell Jeffrey L now owns 350,125 shares of the energy company's stock valued at $115,951,000 after purchasing an additional 62,725 shares during the last quarter. American Century Companies Inc. raised its stake in shares of 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 purchasing an additional 17,261 shares during the period. Finally, Jupiter Asset Management Ltd. boosted its holdings in shares of Alpha Metallurgical Resources by 6.7% in the 2nd quarter. Jupiter Asset Management Ltd. now owns 106,289 shares of the energy company's stock worth $29,817,000 after buying an additional 6,646 shares during the last quarter. 84.29% of the stock is owned by hedge funds and other institutional investors.

Alpha Metallurgical Resources Trading Down 0.8 %

Shares of AMR stock traded down $1.72 during trading on Friday, reaching $209.27. 242,533 shares of the company's stock traded hands, compared to its average volume of 223,016. The firm's 50-day moving average is $222.92 and its 200 day moving average is $276.04. The company has a market capitalization of $2.72 billion, a P/E ratio of 5.07 and a beta of 1.30. Alpha Metallurgical Resources, Inc. has a 1 year low of $185.00 and a 1 year high of $452.00.

Alpha Metallurgical Resources (NYSE:AMR - Get Free Report) last posted its quarterly earnings results on Monday, August 5th. The energy company reported $4.49 EPS for the quarter, topping analysts' consensus estimates of $4.46 by $0.03. Alpha Metallurgical Resources had a return on equity of 28.63% and a net margin of 13.52%. The firm had revenue of $804.00 million during the quarter, compared to analyst estimates of $733.05 million. During the same period last year, the company earned $12.16 earnings per share. The business's revenue for the quarter was down 6.3% on a year-over-year basis. As a group, sell-side analysts predict that Alpha Metallurgical Resources, Inc. will post 20.67 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently issued reports on AMR. B. Riley decreased their price objective on shares of Alpha Metallurgical Resources from $374.00 to $336.00 and set a "buy" rating for the company in a report on Friday, September 6th. Benchmark reaffirmed a "hold" rating on shares of Alpha Metallurgical Resources in a report on Wednesday.

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.