Amalgamated Bank Sells 306 Shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR)

Amalgamated Bank reduced its holdings in Alpha Metallurgical Resources, Inc. (NYSE:AMR) by 8.7% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,205 shares of the energy company’s stock after selling 306 shares during the quarter. Amalgamated Bank’s holdings in Alpha Metallurgical Resources were worth $757,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in AMR. Vanguard Group Inc. grew its stake in Alpha Metallurgical Resources by 0.9% in the 1st 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. grew its position 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 acquiring an additional 111,504 shares during the last quarter. 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 during the period. 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 during the period. Finally, Jupiter Asset Management Ltd. lifted its stake in shares of 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 purchasing an additional 6,646 shares during the period. 84.29% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on AMR. B. Riley lowered their price objective 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. Benchmark reissued a “hold” rating on shares of Alpha Metallurgical Resources in a report on Monday, November 4th.

Alpha Metallurgical Resources Trading Down 0.3 %

NYSE:AMR opened at $235.17 on Friday. The company has a market capitalization of $3.06 billion, a P/E ratio of 8.63 and a beta of 1.33. Alpha Metallurgical Resources, Inc. has a 12 month low of $185.00 and a 12 month high of $452.00. The business’s 50-day moving average is $217.92 and its 200 day moving average is $262.32.

Alpha Metallurgical Resources (NYSE:AMR) last released its earnings results on Friday, November 1st. The energy company reported $0.29 EPS for the quarter, missing analysts’ consensus estimates of $1.60 by ($1.31). The business had revenue of $671.90 million for the quarter, compared to the consensus estimate of $672.95 million. Alpha Metallurgical Resources had a net margin of 11.08% and a return on equity of 22.65%. The company’s quarterly revenue was down 9.4% compared to the same quarter last year. During the same period in the prior year, the company posted $6.65 EPS. On average, research analysts forecast that Alpha Metallurgical Resources, Inc. will post 16.87 earnings per share for the current year.

Alpha Metallurgical Resources Company 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.