Thrivent Financial for Lutherans Sells 1,024 Shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR)

Thrivent Financial for Lutherans reduced its holdings in Alpha Metallurgical Resources, Inc. (NYSE:AMR) by 10.7% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,586 shares of the energy company’s stock after selling 1,024 shares during the period. Thrivent Financial for Lutherans owned approximately 0.07% of Alpha Metallurgical Resources worth $2,028,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of the stock. Pacer Advisors Inc. grew its holdings in Alpha Metallurgical Resources by 22.2% during the 2nd quarter. Pacer Advisors Inc. now owns 613,208 shares of the energy company’s stock valued at $172,023,000 after purchasing an additional 111,504 shares during the last quarter. Hosking Partners LLP bought a new position in shares of Alpha Metallurgical Resources during the second quarter valued at approximately $5,123,000. American Century Companies Inc. raised its holdings in shares of Alpha Metallurgical Resources by 6.0% in the second quarter. American Century Companies Inc. now owns 305,726 shares of the energy company’s stock worth $85,765,000 after buying an additional 17,261 shares during the period. Edgestream Partners L.P. raised its holdings in shares of Alpha Metallurgical Resources by 743.8% in the second quarter. Edgestream Partners L.P. now owns 17,247 shares of the energy company’s stock worth $4,838,000 after buying an additional 15,203 shares during the period. Finally, Hi Line Capital Management LLC bought a new stake in shares of Alpha Metallurgical Resources during the 3rd quarter worth approximately $3,060,000. 84.29% of the stock is owned by institutional investors.

Alpha Metallurgical Resources Price Performance

Shares of NYSE:AMR opened at $250.66 on Friday. The firm has a market capitalization of $3.26 billion, a P/E ratio of 9.20 and a beta of 1.33. The business’s 50-day moving average is $226.85 and its 200 day moving average is $257.61. Alpha Metallurgical Resources, Inc. has a 1 year low of $185.00 and a 1 year high of $452.00.

Alpha Metallurgical Resources (NYSE:AMR) last announced its quarterly earnings data on Friday, November 1st. The energy company reported $0.29 EPS for the quarter, missing the consensus estimate of $1.60 by ($1.31). The company had revenue of $671.90 million during the quarter, compared to analysts’ expectations of $672.95 million. Alpha Metallurgical Resources had a net margin of 11.08% and a return on equity of 22.65%. The business’s revenue for the quarter was down 9.4% compared to the same quarter last year. During the same period in the previous year, the business earned $6.65 earnings per share. On average, analysts expect that Alpha Metallurgical Resources, Inc. will post 16.87 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Benchmark reiterated a “hold” rating on shares of Alpha Metallurgical Resources in a research note on Monday, November 4th. B. Riley reduced their price objective 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.

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.