New Age Alpha Advisors LLC Increases Position in Alpha Metallurgical Resources, Inc. (NYSE:AMR)

Key Points

• New Age Alpha Advisors LLC significantly increased its stake in Alpha Metallurgical Resources by acquiring 24,644 shares, raising its holdings to 24,846 shares valued at approximately $3.1 million.
• Alpha Metallurgical Resources reported a loss of $2.60 EPS for the last quarter, missing analysts' expectations, and had a quarterly revenue decline of 38.4% year-over-year.
• The company has a market capitalization of $1.64 billion and its stock is currently priced at $125.40, with its 12-month range between a low of $97.41 and a high of $259.20.

New Age Alpha Advisors LLC increased its stake in shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR - Free Report) by 12,200.0% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 24,846 shares of the energy company's stock after buying an additional 24,644 shares during the period. New Age Alpha Advisors LLC owned about 0.19% of Alpha Metallurgical Resources worth $3,112,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. Summit Investment Advisors Inc. boosted its position in shares of 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 acquiring an additional 73 shares during the period. Bank of Montreal Can lifted its position in 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 purchasing an additional 75 shares during the last quarter. AdvisorNet Financial Inc lifted its position in Alpha Metallurgical Resources by 214.3% during the first quarter. AdvisorNet Financial Inc now owns 220 shares of the energy company's stock valued at $28,000 after purchasing an additional 150 shares during the last quarter. Signaturefd LLC lifted its position in Alpha Metallurgical Resources by 306.1% during the first quarter. Signaturefd LLC now owns 199 shares of the energy company's stock valued at $25,000 after purchasing an additional 150 shares during the last quarter. Finally, Alliancebernstein L.P. lifted its position in Alpha Metallurgical Resources by 1.0% during the fourth quarter. Alliancebernstein L.P. now owns 19,566 shares of the energy company's stock valued at $3,916,000 after purchasing an additional 200 shares during the last quarter. Hedge funds and other institutional investors own 84.29% of the company's stock.

Alpha Metallurgical Resources Stock Up 16.0%

Shares of NYSE:AMR traded up $20.66 during midday trading on Friday, reaching $150.11. The company's stock had a trading volume of 918,818 shares, compared to its average volume of 325,363. The firm has a 50 day moving average of $116.34 and a 200-day moving average of $131.47. The firm has a market capitalization of $1.96 billion, a P/E ratio of 74.31 and a beta of 0.59. Alpha Metallurgical Resources, Inc. has a 12-month low of $97.41 and a 12-month high of $259.00.

Alpha Metallurgical Resources (NYSE:AMR - Get Free Report) last announced its quarterly earnings data on Friday, August 8th. The energy company reported ($0.38) EPS for the quarter, beating the consensus estimate of ($2.38) by $2.00. Alpha Metallurgical Resources had a net margin of 1.01% and a return on equity of 1.62%. The company had revenue of $550.27 million for the quarter, compared to the consensus estimate of $552.15 million. During the same period in the prior year, the firm posted $4.49 EPS. Alpha Metallurgical Resources's revenue for the quarter was down 31.6% on a year-over-year basis. On average, research analysts predict that Alpha Metallurgical Resources, Inc. will post 14.31 EPS for the current year.

Analyst Upgrades and Downgrades

AMR has been the subject of several research analyst reports. B. Riley dropped their target price on shares of Alpha Metallurgical Resources from $173.00 to $171.00 and set a "buy" rating for the company in a research report on Tuesday. Wall Street Zen lowered shares of Alpha Metallurgical Resources from a "hold" rating to a "sell" rating in a report on Thursday, May 22nd. Finally, Jefferies Financial Group initiated coverage on shares of Alpha Metallurgical Resources in a report on Tuesday, July 1st. They issued a "hold" rating and a $110.00 price objective for the company.

About Alpha Metallurgical Resources

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.