LMR Partners LLP Takes $1.26 Million Position in Alpha Metallurgical Resources, Inc. (NYSE:AMR)

LMR Partners LLP bought a new stake in Alpha Metallurgical Resources, Inc. (NYSE:AMR - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 6,310 shares of the energy company's stock, valued at approximately $1,263,000.

Other large investors have also modified their holdings of the company. Barclays PLC raised its stake in Alpha Metallurgical Resources by 309.2% during the third quarter. Barclays PLC now owns 18,646 shares of the energy company's stock worth $4,402,000 after acquiring an additional 14,089 shares in the last quarter. Franklin Resources Inc. raised its stake in Alpha Metallurgical Resources by 4.6% during the third quarter. Franklin Resources Inc. now owns 18,344 shares of the energy company's stock worth $4,105,000 after acquiring an additional 802 shares in the last quarter. FNY Investment Advisers LLC acquired a new position in Alpha Metallurgical Resources during the fourth quarter worth $50,000. Wedge Capital Management L L P NC raised its stake in Alpha Metallurgical Resources by 11.4% during the fourth quarter. Wedge Capital Management L L P NC now owns 4,247 shares of the energy company's stock worth $850,000 after acquiring an additional 435 shares in the last quarter. Finally, SG Americas Securities LLC increased its stake in shares of Alpha Metallurgical Resources by 7.3% in the fourth quarter. SG Americas Securities LLC now owns 2,751 shares of the energy company's stock valued at $551,000 after buying an additional 187 shares in the last quarter. 84.29% of the stock is currently owned by institutional investors and hedge funds.

Alpha Metallurgical Resources Price Performance

Shares of NYSE:AMR traded up $4.12 during midday trading on Friday, reaching $125.61. The company's stock had a trading volume of 222,826 shares, compared to its average volume of 236,897. The business's fifty day simple moving average is $123.11 and its 200-day simple moving average is $172.90. The company has a market capitalization of $1.64 billion, a P/E ratio of 4.61 and a beta of 0.72. Alpha Metallurgical Resources, Inc. has a fifty-two week low of $100.00 and a fifty-two week high of $334.72.

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

Wall Street Analysts Forecast Growth

Separately, B. Riley lowered their target price on Alpha Metallurgical Resources from $183.00 to $181.00 and set a "buy" rating for the company in a research note on Thursday.

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.