Alpha Metallurgical Resources, Inc. (NYSE:AMR) Shares Purchased by Old West Investment Management LLC

Old West Investment Management LLC increased its position in shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR - Free Report) by 177.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,446 shares of the energy company's stock after purchasing an additional 4,121 shares during the period. Old West Investment Management LLC's holdings in Alpha Metallurgical Resources were worth $1,522,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. Texas Permanent School Fund Corp increased its stake in Alpha Metallurgical Resources by 1.3% in the first quarter. Texas Permanent School Fund Corp now owns 10,347 shares of the energy company's stock valued at $3,427,000 after purchasing an additional 135 shares during the last quarter. Gallacher Capital Management LLC purchased a new stake in Alpha Metallurgical Resources in the first quarter valued at $374,000. Empowered Funds LLC lifted its position in Alpha Metallurgical Resources by 85.5% in the first quarter. Empowered Funds LLC now owns 41,555 shares of the energy company's stock valued at $13,762,000 after acquiring an additional 19,154 shares during the last quarter. SG Americas Securities LLC acquired a new position in Alpha Metallurgical Resources in the first quarter valued at $356,000. Finally, Headlands Technologies LLC purchased a new position in shares of Alpha Metallurgical Resources during the first quarter worth about $88,000. Hedge funds and other institutional investors own 84.29% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Benchmark reissued a "hold" rating on shares of Alpha Metallurgical Resources in a research report on Monday. B. Riley lowered their target price on shares of 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.

Alpha Metallurgical Resources Stock Performance

NYSE AMR traded up $18.98 during trading on Wednesday, reaching $241.92. The company's stock had a trading volume of 351,385 shares, compared to its average volume of 220,401. Alpha Metallurgical Resources, Inc. has a twelve month low of $185.00 and a twelve month high of $452.00. The firm has a market cap of $3.15 billion, a price-to-earnings ratio of 8.18 and a beta of 1.33. The business's fifty day moving average price is $216.30 and its 200-day moving average price is $265.99.

Alpha Metallurgical Resources (NYSE:AMR - Get Free Report) last posted 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 company had revenue of $671.90 million for the quarter, compared to analysts' expectations of $672.95 million. During the same period in the prior year, the company earned $6.65 earnings per share. The firm's revenue was down 9.4% on a year-over-year basis. As a group, sell-side analysts forecast that Alpha Metallurgical Resources, Inc. will post 17.89 EPS for the current fiscal year.

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.