Hi Line Capital Management LLC Acquires New Position in Alpha Metallurgical Resources, Inc. (NYSE:AMR)

Hi Line Capital Management LLC acquired a new stake in shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR - Free Report) in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund acquired 12,957 shares of the energy company's stock, valued at approximately $3,060,000. Alpha Metallurgical Resources accounts for 1.5% of Hi Line Capital Management LLC's portfolio, making the stock its 20th largest holding. Hi Line Capital Management LLC owned approximately 0.10% of Alpha Metallurgical Resources at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Janus Henderson Group PLC lifted its holdings in Alpha Metallurgical Resources by 19.3% in the first quarter. Janus Henderson Group PLC now owns 27,174 shares of the energy company's stock valued at $8,998,000 after acquiring an additional 4,387 shares during the period. Stratos Wealth Advisors LLC lifted its stake in shares of Alpha Metallurgical Resources by 50.3% in the 3rd quarter. Stratos Wealth Advisors LLC now owns 9,878 shares of the energy company's stock valued at $2,333,000 after purchasing an additional 3,305 shares during the period. Edgestream Partners L.P. purchased a new stake in Alpha Metallurgical Resources during the first quarter worth $677,000. Invst LLC acquired a new stake in Alpha Metallurgical Resources during the first quarter valued at $681,000. Finally, Jade Capital Advisors LLC increased its holdings in Alpha Metallurgical Resources by 180.0% in the third quarter. Jade Capital Advisors LLC now owns 7,000 shares of the energy company's stock valued at $1,653,000 after buying an additional 4,500 shares in the last quarter. 84.29% of the stock is owned by hedge funds and other institutional investors.

Alpha Metallurgical Resources Trading Down 2.7 %

AMR traded down $5.70 during midday trading on Friday, hitting $202.60. 279,291 shares of the company traded hands, compared to its average volume of 219,647. The company has a market capitalization of $2.64 billion, a price-to-earnings ratio of 6.03 and a beta of 1.30. The business has a 50 day simple moving average of $217.15 and a two-hundred day simple moving average of $269.55. Alpha Metallurgical Resources, Inc. has a 52-week low of $185.00 and a 52-week high of $452.00.

Alpha Metallurgical Resources (NYSE:AMR - Get Free Report) last posted its quarterly earnings data on Friday, November 1st. The energy company reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.60 by ($1.31). The firm had revenue of $671.90 million during the quarter, compared to analyst estimates of $672.95 million. Alpha Metallurgical Resources had a return on equity of 28.63% and a net margin of 13.52%. The company's quarterly revenue was down 9.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $6.65 earnings per share. Equities research analysts anticipate that Alpha Metallurgical Resources, Inc. will post 17.89 earnings per share for the current year.

Wall Street Analyst Weigh In

AMR has been the topic of a number of analyst reports. B. Riley dropped their target price on 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 restated a "hold" rating on shares of Alpha Metallurgical Resources in a research report on Wednesday, October 16th.

About Alpha Metallurgical Resources

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.