Janus Henderson Group PLC Acquires 9,423 Shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR)

Janus Henderson Group PLC lifted its position in shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR - Free Report) by 48.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 28,806 shares of the energy company's stock after purchasing an additional 9,423 shares during the period. Janus Henderson Group PLC owned about 0.22% of Alpha Metallurgical Resources worth $5,767,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Summit Investment Advisors Inc. boosted its position in Alpha Metallurgical Resources by 6.8% during the 4th quarter. Summit Investment Advisors Inc. now owns 1,150 shares of the energy company's stock worth $230,000 after buying an additional 73 shares during the period. Bank of Montreal Can raised its stake in shares of Alpha Metallurgical Resources by 6.0% during the fourth quarter. Bank of Montreal Can now owns 1,318 shares of the energy company's stock valued at $264,000 after acquiring an additional 75 shares during the last quarter. X Square Capital LLC lifted its holdings in shares of Alpha Metallurgical Resources by 2.9% during the fourth quarter. X Square Capital LLC now owns 3,005 shares of the energy company's stock worth $601,000 after purchasing an additional 84 shares during the period. Swiss National Bank grew its stake in shares of Alpha Metallurgical Resources by 0.5% in the fourth quarter. Swiss National Bank now owns 21,700 shares of the energy company's stock worth $4,343,000 after purchasing an additional 100 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC grew its stake in shares of Alpha Metallurgical Resources by 2.1% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 7,586 shares of the energy company's stock worth $1,518,000 after purchasing an additional 159 shares during the last quarter. 84.29% of the stock is currently owned by institutional investors.

Alpha Metallurgical Resources Stock Performance

Shares of NYSE AMR traded down $6.42 during midday trading on Thursday, reaching $114.95. The stock had a trading volume of 347,936 shares, compared to its average volume of 236,831. The firm has a market cap of $1.50 billion, a price-to-earnings ratio of 4.22 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. The company's 50 day moving average price is $122.56 and its 200 day moving average price is $171.17.

Alpha Metallurgical Resources (NYSE:AMR - Get Free Report) last posted its quarterly earnings data on Friday, May 9th. The energy company reported ($2.60) earnings per share for the quarter, missing the consensus estimate of ($1.06) by ($1.54). The firm had revenue of $531.96 million for 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 quarterly revenue was down 38.4% compared to the same quarter last year. During the same quarter last year, the company earned $9.59 earnings per share. Equities analysts forecast that Alpha Metallurgical Resources, Inc. will post 14.31 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on AMR shares. Wall Street Zen lowered Alpha Metallurgical Resources from a "hold" rating to a "sell" rating in a research report on Thursday. B. Riley decreased their price target on Alpha Metallurgical Resources from $183.00 to $181.00 and set a "buy" rating for the company in a research note on Thursday, May 15th.

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.