Pacer Advisors Inc. Increases Stock Holdings in Alpha Metallurgical Resources, Inc. (NYSE:AMR)

Pacer Advisors Inc. boosted its stake in Alpha Metallurgical Resources, Inc. (NYSE:AMR) by 22.2% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 613,208 shares of the energy company’s stock after buying an additional 111,504 shares during the quarter. Pacer Advisors Inc. owned approximately 4.71% of Alpha Metallurgical Resources worth $172,023,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of AMR. Federated Hermes Inc. bought a new stake in shares of Alpha Metallurgical Resources in the 2nd quarter worth $25,000. Quadrant Capital Group LLC bought a new stake in Alpha Metallurgical Resources in the 4th quarter worth about $35,000. Creekmur Asset Management LLC purchased a new stake in Alpha Metallurgical Resources in the 4th quarter valued at about $36,000. PNC Financial Services Group Inc. lifted its position in shares of Alpha Metallurgical Resources by 947.1% during the 4th quarter. PNC Financial Services Group Inc. now owns 178 shares of the energy company’s stock worth $60,000 after buying an additional 161 shares in the last quarter. Finally, FinTrust Capital Advisors LLC purchased a new position in shares of Alpha Metallurgical Resources in the 4th quarter worth approximately $64,000. 84.29% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

Alpha Metallurgical Resources Stock Down 0.5 %

AMR opened at $211.67 on Friday. Alpha Metallurgical Resources, Inc. has a twelve month low of $185.00 and a twelve month high of $452.00. The company’s 50-day moving average price is $247.88 and its two-hundred day moving average price is $291.32. The stock has a market cap of $2.75 billion, a price-to-earnings ratio of 5.13 and a beta of 1.30.

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