LMR Partners LLP Purchases New Position in Alpha Metallurgical Resources, Inc. (NYSE:AMR)

LMR Partners LLP acquired a new position in Alpha Metallurgical Resources, Inc. (NYSE:AMR - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 6,310 shares of the energy company's stock, valued at approximately $1,263,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Barclays PLC raised its stake in Alpha Metallurgical Resources by 309.2% in the third quarter. Barclays PLC now owns 18,646 shares of the energy company's stock worth $4,402,000 after buying an additional 14,089 shares in the last quarter. Franklin Resources Inc. raised its position in shares of Alpha Metallurgical Resources by 4.6% in the 3rd 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 purchased a new position in shares of Alpha Metallurgical Resources in the 4th quarter valued at approximately $50,000. Wedge Capital Management L L P NC boosted its position in shares of 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 valued at $850,000 after purchasing an additional 435 shares in the last quarter. Finally, SG Americas Securities LLC grew its stake in 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 worth $551,000 after purchasing an additional 187 shares during the period. 84.29% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, B. Riley dropped their target price on shares of Alpha Metallurgical Resources from $183.00 to $181.00 and set a "buy" rating on the stock in a report on Thursday.

Alpha Metallurgical Resources Stock Down 1.6%

Shares of NYSE AMR traded down $2.03 on Monday, reaching $123.38. 45,820 shares of the company's stock traded hands, compared to its average volume of 236,497. The business's 50 day simple moving average is $123.11 and its two-hundred day simple moving average is $172.41. Alpha Metallurgical Resources, Inc. has a 12 month low of $100.00 and a 12 month high of $334.72. The company has a market cap of $1.61 billion, a price-to-earnings ratio of 4.52 and a beta of 0.72.

Alpha Metallurgical Resources (NYSE:AMR - Get Free Report) last released 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). Alpha Metallurgical Resources had a return on equity of 22.65% and a net margin of 11.08%. The company had revenue of $531.96 million during the quarter, compared to the consensus estimate of $586.15 million. During the same period last year, the firm posted $9.59 earnings per share. The company's revenue was down 38.4% compared to the same quarter last year. Analysts forecast that Alpha Metallurgical Resources, Inc. will post 14.31 earnings per share for the current fiscal 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.