New Age Alpha Advisors LLC Has $3.11 Million Holdings 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 grew its stake in Alpha Metallurgical Resources, Inc. (NYSE:AMR - Free Report) by 12,200.0% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (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 approximately 0.19% of Alpha Metallurgical Resources worth $3,112,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in AMR. Summit Investment Advisors Inc. raised its stake in shares of Alpha Metallurgical Resources by 6.8% in the 4th 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 in the last quarter. Bank of Montreal Can grew its holdings 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 raised its position in shares of Alpha Metallurgical Resources by 214.3% in 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 period. Signaturefd LLC raised its position in shares of Alpha Metallurgical Resources by 306.1% in 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 period. Finally, Alliancebernstein L.P. lifted its stake in shares of Alpha Metallurgical Resources by 1.0% in the fourth quarter. Alliancebernstein L.P. now owns 19,566 shares of the energy company's stock worth $3,916,000 after buying an additional 200 shares during the last quarter. Institutional investors own 84.29% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Wall Street Zen lowered shares of Alpha Metallurgical Resources from a "hold" rating to a "sell" rating in a research note on Thursday, May 22nd. B. Riley decreased their price target on shares of Alpha Metallurgical Resources from $173.00 to $171.00 and set a "buy" rating for the company in a report on Tuesday. Finally, Jefferies Financial Group began coverage on Alpha Metallurgical Resources in a research report on Tuesday, July 1st. They issued a "hold" rating and a $110.00 price target on the stock.

Alpha Metallurgical Resources Stock Up 16.0%

NYSE AMR traded up $20.66 during trading on Friday, hitting $150.11. The company's stock had a trading volume of 918,819 shares, compared to its average volume of 379,744. Alpha Metallurgical Resources, Inc. has a 52 week low of $97.41 and a 52 week high of $259.00. The firm has a market cap of $1.96 billion, a P/E ratio of 74.31 and a beta of 0.59. The firm has a 50 day moving average price of $117.09 and a 200 day moving average price of $131.14.

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 analysts' consensus estimates of ($2.38) by $2.00. The business had revenue of $550.27 million for the quarter, compared to analyst estimates of $552.15 million. Alpha Metallurgical Resources had a net margin of 1.01% and a return on equity of 1.62%. Alpha Metallurgical Resources's revenue was down 31.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $4.49 earnings per share. On average, equities analysts expect that Alpha Metallurgical Resources, Inc. will post 14.31 earnings per share 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.