Axa S.A. Invests $585,000 in Alpha Metallurgical Resources, Inc. (NYSE:AMR)

Axa S.A. bought a new stake in shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR) during the 2nd quarter, according to its most recent filing with the SEC. The firm bought 2,087 shares of the energy company’s stock, valued at approximately $585,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in shares of Alpha Metallurgical Resources by 0.9% during the first quarter. Vanguard Group Inc. now owns 1,224,801 shares of the energy company’s stock valued at $405,617,000 after purchasing an additional 11,217 shares during the period. Pacer Advisors Inc. increased its stake in Alpha Metallurgical Resources by 22.2% during the 2nd quarter. Pacer Advisors Inc. now owns 613,208 shares of the energy company’s stock worth $172,023,000 after buying an additional 111,504 shares during the period. Gendell Jeffrey L lifted its holdings in Alpha Metallurgical Resources by 21.8% in the 1st quarter. Gendell Jeffrey L now owns 350,125 shares of the energy company’s stock worth $115,951,000 after buying an additional 62,725 shares in the last quarter. American Century Companies Inc. lifted its holdings in Alpha Metallurgical Resources by 6.0% in the 2nd quarter. American Century Companies Inc. now owns 305,726 shares of the energy company’s stock worth $85,765,000 after buying an additional 17,261 shares in the last quarter. Finally, Jupiter Asset Management Ltd. boosted its position in Alpha Metallurgical Resources by 6.7% in the 2nd quarter. Jupiter Asset Management Ltd. now owns 106,289 shares of the energy company’s stock valued at $29,817,000 after buying an additional 6,646 shares during the last quarter. 84.29% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts recently commented on AMR shares. Benchmark reiterated a “hold” rating on shares of Alpha Metallurgical Resources in a research note on Tuesday, August 6th. B. Riley reduced their target price on Alpha Metallurgical Resources from $374.00 to $336.00 and set a “buy” rating for the company in a research note on Friday, September 6th.

Alpha Metallurgical Resources Stock Performance

AMR opened at $232.31 on Wednesday. The company has a market capitalization of $3.02 billion, a P/E ratio of 5.63 and a beta of 1.30. The company has a 50-day moving average of $238.00 and a 200-day moving average of $285.40. Alpha Metallurgical Resources, Inc. has a 1-year low of $185.00 and a 1-year high of $452.00.

Alpha Metallurgical Resources (NYSE:AMR) last announced its quarterly earnings data on Monday, August 5th. The energy company reported $4.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.46 by $0.03. The firm had revenue of $804.00 million for the quarter, compared to analysts’ expectations of $733.05 million. Alpha Metallurgical Resources had a return on equity of 28.63% and a net margin of 13.52%. Alpha Metallurgical Resources’s revenue for the quarter was down 6.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $12.16 earnings per share. As a group, sell-side analysts expect that Alpha Metallurgical Resources, Inc. will post 20.67 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.