Jade Capital Advisors LLC Grows Stake in Alpha Metallurgical Resources, Inc. (NYSE:AMR)

Jade Capital Advisors LLC boosted its stake in shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR - Free Report) by 180.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 7,000 shares of the energy company's stock after buying an additional 4,500 shares during the period. Alpha Metallurgical Resources accounts for 1.0% of Jade Capital Advisors LLC's investment portfolio, making the stock its 27th largest position. Jade Capital Advisors LLC owned 0.05% of Alpha Metallurgical Resources worth $1,653,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Federated Hermes Inc. acquired a new position in Alpha Metallurgical Resources during the second quarter worth $25,000. GAMMA Investing LLC lifted its stake in shares of 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 purchasing an additional 76 shares during the last quarter. Sound Income Strategies LLC acquired a new position in shares of Alpha Metallurgical Resources in the 3rd quarter valued at $40,000. PNC Financial Services Group Inc. lifted its stake in shares of Alpha Metallurgical Resources by 947.1% in the 4th quarter. PNC Financial Services Group Inc. now owns 178 shares of the energy company's stock valued at $60,000 after purchasing an additional 161 shares during the last quarter. Finally, Headlands Technologies LLC acquired a new position in shares of Alpha Metallurgical Resources in the 1st quarter valued at $88,000. Institutional investors and hedge funds own 84.29% of the company's stock.

Alpha Metallurgical Resources Stock Down 0.7 %

NYSE AMR traded down $1.45 during trading hours on Tuesday, hitting $204.84. 103,289 shares of the company were exchanged, compared to its average volume of 221,929. The company has a 50 day moving average of $222.01 and a two-hundred day moving average of $275.30. Alpha Metallurgical Resources, Inc. has a 52-week low of $185.00 and a 52-week high of $452.00. The firm has a market cap of $2.66 billion, a price-to-earnings ratio of 5.00 and a beta of 1.30.

Alpha Metallurgical Resources (NYSE:AMR - Get Free Report) last issued its quarterly earnings results on Monday, August 5th. The energy company reported $4.49 earnings per share for the quarter, topping the consensus estimate 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 company had revenue of $804.00 million for the quarter, compared to the consensus estimate of $733.05 million. During the same quarter in the prior year, the business earned $12.16 EPS. Alpha Metallurgical Resources's revenue was down 6.3% on a year-over-year basis. On average, equities research analysts predict that Alpha Metallurgical Resources, Inc. will post 20.67 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on AMR shares. B. Riley decreased their price target 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 reissued a "hold" rating on shares of Alpha Metallurgical Resources in a research note on Wednesday, October 16th.

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.