Cynosure Group LLC Boosts Position in Alpha Metallurgical Resources, Inc. (NYSE:AMR)

Key Points

• Cynosure Group LLC increased its holdings in Alpha Metallurgical Resources by 74.7%, owning 5,155 shares valued at $646,000 as of the latest filing.
• The company's stock price rose by 16.0% recently, with a current market capitalization of $1.96 billion and a PE ratio of 74.31.
• Alpha Metallurgical Resources reported quarterly earnings of ($0.38) per share, significantly beating analysts' expectations of ($2.38).

Cynosure Group LLC boosted its stake in Alpha Metallurgical Resources, Inc. (NYSE:AMR - Free Report) by 74.7% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 5,155 shares of the energy company's stock after acquiring an additional 2,204 shares during the quarter. Cynosure Group LLC's holdings in Alpha Metallurgical Resources were worth $646,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. Signaturefd LLC grew its stake in Alpha Metallurgical Resources by 306.1% in the 1st quarter. Signaturefd LLC now owns 199 shares of the energy company's stock valued at $25,000 after acquiring an additional 150 shares during the period. AdvisorNet Financial Inc grew its stake in Alpha Metallurgical Resources by 214.3% in the 1st quarter. AdvisorNet Financial Inc now owns 220 shares of the energy company's stock valued at $28,000 after acquiring an additional 150 shares during the period. Public Employees Retirement System of Ohio acquired a new stake in Alpha Metallurgical Resources in the 4th quarter valued at $60,000. Opal Wealth Advisors LLC acquired a new stake in Alpha Metallurgical Resources in the 1st quarter valued at $64,000. Finally, CWM LLC grew its stake in Alpha Metallurgical Resources by 1,205.1% in the 1st quarter. CWM LLC now owns 509 shares of the energy company's stock valued at $64,000 after acquiring an additional 470 shares during the period. Institutional investors and hedge funds own 84.29% of the company's stock.

Alpha Metallurgical Resources Trading Up 5.0%

AMR traded up $7.75 on Tuesday, hitting $163.89. 590,274 shares of the company's stock were exchanged, compared to its average volume of 330,344. Alpha Metallurgical Resources, Inc. has a fifty-two week low of $97.41 and a fifty-two week high of $257.99. The firm has a 50-day moving average price of $118.01 and a 200-day moving average price of $129.98. The stock has a market cap of $2.14 billion, a price-to-earnings ratio of -57.50 and a beta of 0.59.

Alpha Metallurgical Resources (NYSE:AMR - Get Free Report) last announced its earnings results on Friday, August 8th. The energy company reported ($0.38) earnings per share (EPS) for the quarter, topping the consensus estimate of ($2.38) by $2.00. Alpha Metallurgical Resources had a negative net margin of 1.57% and a negative return on equity of 2.28%. The company had revenue of $550.27 million for the quarter, compared to analysts' expectations of $552.15 million. During the same quarter in the previous year, the company posted $4.49 EPS. The firm's quarterly revenue was down 31.6% on a year-over-year basis. On average, equities analysts predict that Alpha Metallurgical Resources, Inc. will post 14.31 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. B. Riley dropped their price target on shares of Alpha Metallurgical Resources from $173.00 to $171.00 and set a "buy" rating on the stock in a research note on Tuesday, August 5th. Wall Street Zen cut shares of Alpha Metallurgical Resources from a "hold" rating to a "sell" rating in a research note on Thursday, May 22nd. Finally, Jefferies Financial Group lifted their target price on shares of Alpha Metallurgical Resources from $110.00 to $150.00 and gave the stock a "hold" rating in a research note on Monday.

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.