2,122 Shares in Alpha Metallurgical Resources, Inc. (NYSE:AMR) Acquired by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Alpha Metallurgical Resources, Inc. (NYSE:AMR) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 2,122 shares of the energy company’s stock, valued at approximately $501,000.

Other large investors have also recently bought and sold shares of the company. Creative Planning raised its position in shares of Alpha Metallurgical Resources by 2.9% in the second quarter. Creative Planning now owns 1,529 shares of the energy company’s stock worth $429,000 after buying an additional 43 shares in the last quarter. Linden Thomas Advisory Services LLC raised its holdings in shares of Alpha Metallurgical Resources by 0.6% in the 2nd quarter. Linden Thomas Advisory Services LLC now owns 7,823 shares of the energy company’s stock valued at $2,195,000 after acquiring an additional 47 shares in the last quarter. SummerHaven Investment Management LLC grew its holdings in shares of Alpha Metallurgical Resources by 1.0% during the second quarter. SummerHaven Investment Management LLC now owns 4,876 shares of the energy company’s stock worth $1,368,000 after purchasing an additional 48 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of Alpha Metallurgical Resources by 124.6% during the third quarter. GAMMA Investing LLC now owns 137 shares of the energy company’s stock worth $32,000 after purchasing an additional 76 shares in the last quarter. Finally, Meixler Investment Management Ltd. increased its position in shares of Alpha Metallurgical Resources by 1.4% in the second quarter. Meixler Investment Management Ltd. now owns 5,596 shares of the energy company’s stock worth $1,570,000 after purchasing an additional 78 shares during the last quarter. 84.29% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have commented on AMR. Benchmark reissued a “hold” rating on shares of Alpha Metallurgical Resources in a research note on Monday, November 4th. B. Riley dropped their price objective on shares of Alpha Metallurgical Resources from $374.00 to $336.00 and set a “buy” rating for the company in a report on Friday, September 6th.

Alpha Metallurgical Resources Stock Performance

Shares of AMR stock opened at $245.57 on Friday. The company has a market capitalization of $3.20 billion, a P/E ratio of 9.01 and a beta of 1.33. Alpha Metallurgical Resources, Inc. has a fifty-two week low of $185.00 and a fifty-two week high of $452.00. The stock has a 50 day moving average price of $227.53 and a two-hundred day moving average price of $257.30.

Alpha Metallurgical Resources (NYSE:AMR) last posted its earnings results on Friday, November 1st. The energy company reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $1.60 by ($1.31). The firm had revenue of $671.90 million for the quarter, compared to analysts’ expectations of $672.95 million. Alpha Metallurgical Resources had a return on equity of 22.65% and a net margin of 11.08%. The business’s revenue for the quarter was down 9.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $6.65 earnings per share. As a group, equities analysts predict that Alpha Metallurgical Resources, Inc. will post 16.87 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.