Intech Investment Management LLC Makes New Investment in Alpha Metallurgical Resources, Inc. (NYSE:AMR)

Intech Investment Management LLC purchased a new stake in Alpha Metallurgical Resources, Inc. (NYSE:AMR) during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 13,990 shares of the energy company’s stock, valued at approximately $3,304,000.

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

Wall Street Analysts Forecast Growth

Several analysts have issued reports on AMR shares. B. Riley decreased 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 research report on Friday, September 6th. Benchmark reissued a “hold” rating on shares of Alpha Metallurgical Resources in a research report on Monday, November 4th.

Alpha Metallurgical Resources Trading Down 2.5 %

AMR opened at $245.46 on Friday. The stock’s 50 day simple moving average is $223.45 and its 200-day simple moving average is $258.95. The stock has a market cap of $3.20 billion, a PE ratio of 9.01 and a beta of 1.33. 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 results on Friday, November 1st. The energy company reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.60 by ($1.31). The business had revenue of $671.90 million during 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 company’s quarterly revenue was down 9.4% compared to the same quarter last year. During the same period last year, the firm earned $6.65 EPS. Equities analysts forecast that Alpha Metallurgical Resources, Inc. will post 16.87 earnings per share for the current fiscal year.

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.