Blue Trust Inc. Acquires 706 Shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR)

Blue Trust Inc. lifted its holdings in Alpha Metallurgical Resources, Inc. (NYSE:AMR) by 69.5% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 1,722 shares of the energy company’s stock after purchasing an additional 706 shares during the quarter. Blue Trust Inc.’s holdings in Alpha Metallurgical Resources were worth $407,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Vanguard Group Inc. raised its stake in shares of 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 holdings in shares of Alpha Metallurgical Resources by 22.2% during the second 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 in the last quarter. Gendell Jeffrey L raised its position 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 valued at $115,951,000 after buying an additional 62,725 shares during the last quarter. American Century Companies Inc. lifted its stake 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 valued at $85,765,000 after acquiring an additional 17,261 shares in the last quarter. Finally, Jupiter Asset Management Ltd. boosted its position in Alpha Metallurgical Resources by 6.7% during the 2nd quarter. Jupiter Asset Management Ltd. now owns 106,289 shares of the energy company’s stock worth $29,817,000 after acquiring an additional 6,646 shares during the last quarter. 84.29% of the stock is owned by institutional investors.

Alpha Metallurgical Resources Stock Down 3.1 %

Shares of Alpha Metallurgical Resources stock opened at $198.48 on Thursday. The stock has a market cap of $2.58 billion, a P/E ratio of 4.81 and a beta of 1.30. 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 $220.38 and its 200-day moving average is $274.02.

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

Analyst Ratings Changes

A number of analysts have recently commented on AMR shares. B. Riley cut their price objective on shares of Alpha Metallurgical Resources from $374.00 to $336.00 and set a “buy” rating on the stock in a research report on Friday, September 6th. Benchmark restated a “hold” rating on shares of Alpha Metallurgical Resources in a research note on Wednesday, October 16th.

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.