Crossmark Global Holdings Inc. Invests $203,000 in Alpha Metallurgical Resources, Inc. (NYSE:AMR)

Crossmark Global Holdings Inc. bought a new stake in Alpha Metallurgical Resources, Inc. (NYSE:AMR) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 859 shares of the energy company’s stock, valued at approximately $203,000.

Several other hedge funds also recently modified their holdings of AMR. SG Americas Securities LLC bought a new stake in Alpha Metallurgical Resources in the 1st quarter worth about $356,000. Russell Investments Group Ltd. lifted its holdings in Alpha Metallurgical Resources by 15.8% during the first quarter. Russell Investments Group Ltd. now owns 5,549 shares of the energy company’s stock valued at $1,838,000 after purchasing an additional 757 shares during the last quarter. ProShare Advisors LLC boosted its position in Alpha Metallurgical Resources by 7.4% during the first quarter. ProShare Advisors LLC now owns 2,336 shares of the energy company’s stock worth $774,000 after purchasing an additional 160 shares during the period. Vanguard Group Inc. increased its stake in shares of Alpha Metallurgical Resources by 0.9% in the first quarter. Vanguard Group Inc. now owns 1,224,801 shares of the energy company’s stock worth $405,617,000 after purchasing an additional 11,217 shares in the last quarter. Finally, Edgestream Partners L.P. purchased a new position in shares of Alpha Metallurgical Resources in the first quarter worth about $677,000. Hedge funds and other institutional investors own 84.29% of the company’s stock.

Alpha Metallurgical Resources Stock Performance

Shares of AMR opened at $242.72 on Tuesday. Alpha Metallurgical Resources, Inc. has a fifty-two week low of $185.00 and a fifty-two week high of $452.00. The firm has a 50 day moving average price of $218.68 and a 200-day moving average price of $260.68. The firm has a market cap of $3.16 billion, a price-to-earnings ratio of 8.66 and a beta of 1.33.

Alpha Metallurgical Resources (NYSE:AMR) last announced its quarterly earnings data 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). Alpha Metallurgical Resources had a net margin of 11.08% and a return on equity of 22.65%. The company had revenue of $671.90 million for the quarter, compared to the consensus estimate of $672.95 million. During the same period last year, the business posted $6.65 earnings per share. The firm’s quarterly revenue was down 9.4% compared to the same quarter last year. As a group, equities research analysts predict that Alpha Metallurgical Resources, Inc. will post 16.87 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently commented on AMR. Benchmark reaffirmed a “hold” rating on shares of Alpha Metallurgical Resources in a report on Monday, November 4th. B. Riley lowered their price target on shares of Alpha Metallurgical Resources from $374.00 to $336.00 and set a “buy” rating on the stock in a report 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.