Wellington Management Group LLP Buys 10,161 Shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR)

Wellington Management Group LLP lifted its holdings in shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR - Free Report) by 26.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 48,515 shares of the energy company's stock after purchasing an additional 10,161 shares during the quarter. Wellington Management Group LLP owned 0.37% of Alpha Metallurgical Resources worth $11,458,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Federated Hermes Inc. bought a new position in Alpha Metallurgical Resources during the 2nd quarter worth about $25,000. GAMMA Investing LLC grew its holdings in shares of Alpha Metallurgical Resources by 124.6% during the third quarter. GAMMA Investing LLC now owns 137 shares of the energy company's stock worth $32,000 after buying an additional 76 shares in the last quarter. Harbor Capital Advisors Inc. bought a new stake in Alpha Metallurgical Resources in the 3rd quarter valued at approximately $36,000. Sound Income Strategies LLC acquired a new position in Alpha Metallurgical Resources during the 3rd quarter worth approximately $40,000. Finally, Quest Partners LLC bought a new position in shares of Alpha Metallurgical Resources during the 3rd quarter worth approximately $116,000. Institutional investors own 84.29% of the company's stock.

Analyst Upgrades and Downgrades

AMR has been the subject of several recent research reports. B. Riley reduced their target price 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 research report on Monday, November 4th.

Alpha Metallurgical Resources Stock Down 4.5 %

Shares of NYSE:AMR traded down $10.36 during midday trading on Monday, hitting $218.35. The stock had a trading volume of 185,306 shares, compared to its average volume of 213,458. The business's 50-day simple moving average is $228.36 and its 200-day simple moving average is $252.07. Alpha Metallurgical Resources, Inc. has a 12 month low of $185.00 and a 12 month high of $452.00. The company has a market cap of $2.84 billion, a P/E ratio of 8.23 and a beta of 1.46.

Alpha Metallurgical Resources (NYSE:AMR - Get Free Report) last released its quarterly earnings data on Friday, November 1st. The energy company reported $0.29 earnings per share for the quarter, missing the consensus estimate of $1.60 by ($1.31). Alpha Metallurgical Resources had a return on equity of 22.65% and a net margin of 11.08%. The firm had revenue of $671.90 million for the quarter, compared to analyst estimates of $672.95 million. During the same quarter in the prior year, the firm earned $6.65 earnings per share. The firm's revenue for the quarter was down 9.4% on a year-over-year basis. As a group, equities analysts predict that Alpha Metallurgical Resources, Inc. will post 16.87 earnings per share for the current 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.