Mutual Advisors LLC Buys New Holdings in Alpha Metallurgical Resources, Inc. (NYSE:AMR)

Mutual Advisors LLC bought a new position in shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 4,778 shares of the energy company's stock, valued at approximately $603,000.

Several other institutional investors also recently bought and sold shares of the stock. Summit Investment Advisors Inc. boosted its position in Alpha Metallurgical Resources by 6.8% in the fourth quarter. Summit Investment Advisors Inc. now owns 1,150 shares of the energy company's stock valued at $230,000 after buying an additional 73 shares during the last quarter. Bank of Montreal Can increased its stake in shares of Alpha Metallurgical Resources by 6.0% in the 4th quarter. Bank of Montreal Can now owns 1,318 shares of the energy company's stock worth $264,000 after acquiring an additional 75 shares during the last quarter. X Square Capital LLC grew its holdings in shares of Alpha Metallurgical Resources by 2.9% during the 4th 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 boosted its holdings in Alpha Metallurgical Resources by 0.5% during the 4th quarter. Swiss National Bank now owns 21,700 shares of the energy company's stock valued at $4,343,000 after acquiring an additional 100 shares during the period. Finally, AdvisorNet Financial Inc boosted its stake in shares of 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 buying an additional 150 shares during the period. 84.29% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Wall Street Zen lowered Alpha Metallurgical Resources from a "hold" rating to a "sell" rating in a research report on Thursday, May 22nd. B. Riley dropped 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. Finally, Jefferies Financial Group started coverage on Alpha Metallurgical Resources in a research report on Tuesday, July 1st. They issued a "hold" rating and a $110.00 target price for the company.

Alpha Metallurgical Resources Trading Down 1.9%

NYSE AMR traded down $2.14 during trading hours on Wednesday, reaching $110.15. 21,352 shares of the company's stock were exchanged, compared to its average volume of 253,658. The firm has a fifty day moving average of $115.55 and a 200-day moving average of $142.04. Alpha Metallurgical Resources, Inc. has a one year low of $97.41 and a one year high of $326.69. The stock has a market cap of $1.44 billion, a PE ratio of 54.73 and a beta of 0.66.

Alpha Metallurgical Resources (NYSE:AMR - Get Free Report) last issued its earnings results on Friday, May 9th. The energy company reported ($2.60) EPS for the quarter, missing the consensus estimate of ($1.06) by ($1.54). The business had revenue of $531.96 million for the quarter, compared to the consensus estimate of $586.15 million. Alpha Metallurgical Resources had a return on equity of 1.62% and a net margin of 1.01%. The business's revenue was down 38.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $9.59 earnings per share. As a group, research analysts forecast that Alpha Metallurgical Resources, Inc. will post 14.31 EPS for the current year.

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.