Alpha Metallurgical Resources, Inc. (NYSE:AMR) Position Increased by Janus Henderson Group PLC

Janus Henderson Group PLC lifted its holdings in shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR - Free Report) by 48.6% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 28,806 shares of the energy company's stock after buying an additional 9,423 shares during the period. Janus Henderson Group PLC owned 0.22% of Alpha Metallurgical Resources worth $5,767,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of AMR. New Age Alpha Advisors LLC bought a new position in Alpha Metallurgical Resources in the 4th quarter worth about $40,000. PNC Financial Services Group Inc. grew its position in Alpha Metallurgical Resources by 127.6% in the 4th quarter. PNC Financial Services Group Inc. now owns 289 shares of the energy company's stock worth $58,000 after purchasing an additional 162 shares during the last quarter. Jones Financial Companies Lllp bought a new position in Alpha Metallurgical Resources in the 4th quarter worth about $82,000. KBC Group NV grew its position in Alpha Metallurgical Resources by 58.7% in the 4th quarter. KBC Group NV now owns 473 shares of the energy company's stock worth $95,000 after purchasing an additional 175 shares during the last quarter. Finally, Arcus Capital Partners LLC bought a new position in Alpha Metallurgical Resources in the 4th quarter worth about $130,000. Institutional investors own 84.29% of the company's stock.

Analyst Ratings Changes

Several research analysts have commented on the stock. B. Riley decreased their target price on shares of Alpha Metallurgical Resources from $183.00 to $181.00 and set a "buy" rating for the company in a research report on Thursday, May 15th. Wall Street Zen cut shares of Alpha Metallurgical Resources from a "hold" rating to a "sell" rating in a research report on Thursday.

Alpha Metallurgical Resources Stock Performance

Shares of NYSE:AMR traded up $1.34 during trading on Friday, reaching $116.40. The company had a trading volume of 282,613 shares, compared to its average volume of 238,299. The firm's fifty day moving average is $122.05 and its 200 day moving average is $169.25. The firm has a market capitalization of $1.52 billion, a PE ratio of 4.27 and a beta of 0.72. Alpha Metallurgical Resources, Inc. has a twelve month low of $100.00 and a twelve month high of $334.72.

Alpha Metallurgical Resources (NYSE:AMR - Get Free Report) last issued its quarterly earnings results on Friday, May 9th. The energy company reported ($2.60) earnings per share for the quarter, missing analysts' consensus estimates of ($1.06) by ($1.54). The company had revenue of $531.96 million during the quarter, compared to analyst estimates of $586.15 million. Alpha Metallurgical Resources had a return on equity of 22.65% and a net margin of 11.08%. The company's revenue was down 38.4% on a year-over-year basis. During the same period in the prior year, the company posted $9.59 earnings per share. Equities analysts predict that Alpha Metallurgical Resources, Inc. will post 14.31 earnings per share for the current fiscal year.

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.