Janney Montgomery Scott LLC Acquires 937 Shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR)

Janney Montgomery Scott LLC boosted its holdings in Alpha Metallurgical Resources, Inc. (NYSE:AMR) by 41.8% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,181 shares of the energy company’s stock after purchasing an additional 937 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Alpha Metallurgical Resources were worth $751,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Creative Planning boosted its stake in Alpha Metallurgical Resources by 2.9% in the 2nd quarter. Creative Planning now owns 1,529 shares of the energy company’s stock worth $429,000 after purchasing an additional 43 shares during the period. Linden Thomas Advisory Services LLC boosted its stake in 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 worth $2,195,000 after purchasing an additional 47 shares during the period. SummerHaven Investment Management LLC boosted its stake in Alpha Metallurgical Resources by 1.0% in the 2nd 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 during the period. GAMMA Investing LLC boosted its stake in Alpha Metallurgical Resources by 124.6% in the 3rd quarter. GAMMA Investing LLC now owns 137 shares of the energy company’s stock worth $32,000 after purchasing an additional 76 shares during the period. Finally, Meixler Investment Management Ltd. boosted its stake in Alpha Metallurgical Resources by 1.4% in the 2nd 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 period. 84.29% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Benchmark restated a “hold” rating on shares of Alpha Metallurgical Resources in a research note on Monday, November 4th. B. Riley lowered their target price on Alpha Metallurgical Resources from $374.00 to $336.00 and set a “buy” rating for the company in a research report on Friday, September 6th.

Alpha Metallurgical Resources Stock Performance

NYSE AMR opened at $235.17 on Monday. 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 one year low of $185.00 and a one year high of $452.00. The stock has a 50 day moving average price of $218.68 and a 200-day moving average price of $261.12.

Alpha Metallurgical Resources (NYSE:AMR) last posted 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 firm 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 firm’s revenue was down 9.4% compared to the same quarter last year. 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 EPS for the current fiscal year.

About Alpha Metallurgical Resources

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.