Alpha Metallurgical Resources, Inc. (NYSE:AMR) Shares Sold by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC lowered its position in shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR) by 28.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,553 shares of the energy company’s stock after selling 1,010 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Alpha Metallurgical Resources were worth $603,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in AMR. Federated Hermes Inc. purchased a new stake in shares of Alpha Metallurgical Resources during the second quarter worth approximately $25,000. GAMMA Investing LLC raised its position in shares of Alpha Metallurgical Resources by 124.6% in the third quarter. GAMMA Investing LLC now owns 137 shares of the energy company’s stock valued at $32,000 after buying an additional 76 shares during the last quarter. Sound Income Strategies LLC purchased a new position in shares of Alpha Metallurgical Resources in the third quarter worth about $40,000. Headlands Technologies LLC acquired a new position in Alpha Metallurgical Resources during the first quarter worth about $88,000. Finally, Opal Wealth Advisors LLC purchased a new stake in Alpha Metallurgical Resources during the 2nd quarter valued at about $142,000. Hedge funds and other institutional investors own 84.29% of the company’s stock.

Alpha Metallurgical Resources Trading Down 0.9 %

Alpha Metallurgical Resources stock opened at $239.71 on Friday. The company has a 50-day moving average price of $216.45 and a 200 day moving average price of $265.64. Alpha Metallurgical Resources, Inc. has a 12-month low of $185.00 and a 12-month high of $452.00. The stock has a market cap of $3.12 billion, a P/E ratio of 8.80 and a beta of 1.33.

Alpha Metallurgical Resources (NYSE:AMR) last announced its quarterly earnings results on Friday, November 1st. The energy company reported $0.29 earnings per share (EPS) 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 analyst estimates of $672.95 million. Alpha Metallurgical Resources had a return on equity of 22.65% and a net margin of 11.08%. The firm’s quarterly revenue was down 9.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $6.65 EPS. As a group, analysts forecast that Alpha Metallurgical Resources, Inc. will post 17.89 EPS for the current year.

Analyst Ratings Changes

Several research analysts have recently weighed in on AMR shares. Benchmark restated a “hold” rating on shares of Alpha Metallurgical Resources in a report on Monday. B. Riley lowered their price objective on Alpha Metallurgical Resources from $374.00 to $336.00 and set a “buy” rating on the stock in a research note on Friday, September 6th.

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.