Alpha Metallurgical Resources, Inc. (NYSE:AMR) Stock Position Increased by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd increased its holdings in Alpha Metallurgical Resources, Inc. (NYSE:AMR - Free Report) by 168.1% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 3,866 shares of the energy company's stock after buying an additional 2,424 shares during the period. Y Intercept Hong Kong Ltd's holdings in Alpha Metallurgical Resources were worth $913,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of AMR. Blue Trust Inc. boosted its stake in Alpha Metallurgical Resources by 85.4% in the second quarter. Blue Trust Inc. now owns 1,016 shares of the energy company's stock valued at $285,000 after acquiring an additional 468 shares during the period. SummerHaven Investment Management LLC grew its stake in Alpha Metallurgical Resources by 1.0% during the 2nd quarter. SummerHaven Investment Management LLC now owns 4,876 shares of the energy company's stock worth $1,368,000 after buying an additional 48 shares during the last quarter. Allspring Global Investments Holdings LLC increased its position in Alpha Metallurgical Resources by 526.4% in the second quarter. Allspring Global Investments Holdings LLC now owns 1,516 shares of the energy company's stock worth $425,000 after buying an additional 1,274 shares during the period. Meixler Investment Management Ltd. increased its position in Alpha Metallurgical Resources by 1.4% in the second quarter. Meixler Investment Management Ltd. now owns 5,596 shares of the energy company's stock worth $1,570,000 after buying an additional 78 shares during the period. Finally, Hosking Partners LLP bought a new stake in Alpha Metallurgical Resources in the second quarter valued at $5,123,000. Institutional investors own 84.29% of the company's stock.

Alpha Metallurgical Resources Stock Down 1.4 %

AMR stock traded down $3.19 during trading on Friday, reaching $228.41. 126,985 shares of the company's stock were exchanged, compared to its average volume of 213,575. Alpha Metallurgical Resources, Inc. has a 1-year low of $185.00 and a 1-year high of $452.00. The firm has a market cap of $2.97 billion, a PE ratio of 8.39 and a beta of 1.46. The company's fifty day moving average price is $228.45 and its 200-day moving average price is $253.41.

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 for the quarter, missing the consensus estimate of $1.60 by ($1.31). The company 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 22.65% and a net margin of 11.08%. The business's revenue for the quarter was down 9.4% compared to the same quarter last year. During the same period in the previous year, the company earned $6.65 EPS. As a group, sell-side analysts expect that Alpha Metallurgical Resources, Inc. will post 16.87 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on AMR shares. B. Riley lowered their price target on shares of Alpha Metallurgical Resources from $374.00 to $336.00 and set a "buy" rating for the company in a research report on Friday, September 6th. Benchmark restated a "hold" rating on shares of Alpha Metallurgical Resources in a research note on Monday, November 4th.

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.