Intech Investment Management LLC Buys Shares of 13,990 Alpha Metallurgical Resources, Inc. (NYSE:AMR)

Intech Investment Management LLC bought a new stake in Alpha Metallurgical Resources, Inc. (NYSE:AMR) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 13,990 shares of the energy company’s stock, valued at approximately $3,304,000. Intech Investment Management LLC owned 0.11% of Alpha Metallurgical Resources at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in AMR. Vanguard Group Inc. increased its stake in Alpha Metallurgical Resources by 0.9% in the 1st quarter. Vanguard Group Inc. now owns 1,224,801 shares of the energy company’s stock valued at $405,617,000 after buying an additional 11,217 shares during the period. Pacer Advisors Inc. increased its stake in shares of Alpha Metallurgical Resources by 22.2% in the second quarter. Pacer Advisors Inc. now owns 613,208 shares of the energy company’s stock worth $172,023,000 after acquiring an additional 111,504 shares during the last quarter. American Century Companies Inc. increased 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. Jupiter Asset Management Ltd. raised its holdings in shares of Alpha Metallurgical Resources by 6.7% during the second quarter. Jupiter Asset Management Ltd. now owns 106,289 shares of the energy company’s stock worth $29,817,000 after acquiring an additional 6,646 shares in the last quarter. Finally, Goehring & Rozencwajg Associates LLC boosted its position in Alpha Metallurgical Resources by 13.1% during the second quarter. Goehring & Rozencwajg Associates LLC now owns 69,847 shares of the energy company’s stock valued at $19,594,000 after purchasing an additional 8,100 shares during the last quarter. 84.29% of the stock is owned by hedge funds and other institutional investors.

Alpha Metallurgical Resources Trading Down 2.5 %

AMR stock opened at $245.46 on Friday. The firm 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. The company has a fifty day simple moving average of $223.45 and a 200 day simple moving average of $258.95.

Alpha Metallurgical Resources (NYSE:AMR) last announced its quarterly earnings results on Friday, November 1st. The energy company reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $1.60 by ($1.31). The company had revenue of $671.90 million during 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%. Alpha Metallurgical Resources’s quarterly revenue was down 9.4% on a year-over-year basis. During the same period in the prior year, the firm earned $6.65 EPS. As a group, analysts forecast that Alpha Metallurgical Resources, Inc. will post 16.87 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on AMR shares. Benchmark reaffirmed a “hold” rating on shares of Alpha Metallurgical Resources in a research report on Monday, November 4th. B. Riley dropped 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.

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.