Alpha Metallurgical Resources, Inc. (NYSE:AMR) Shares Bought by Larson Financial Group LLC

Larson Financial Group LLC grew its holdings in shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR) by 100,000.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,001 shares of the energy company’s stock after buying an additional 1,000 shares during the period. Larson Financial Group LLC’s holdings in Alpha Metallurgical Resources were worth $236,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Janus Henderson Group PLC raised its holdings in shares of Alpha Metallurgical Resources by 19.3% during the first quarter. Janus Henderson Group PLC now owns 27,174 shares of the energy company’s stock valued at $8,998,000 after buying an additional 4,387 shares during the last quarter. Stratos Wealth Advisors LLC raised its holdings in Alpha Metallurgical Resources by 50.3% during the third quarter. Stratos Wealth Advisors LLC now owns 9,878 shares of the energy company’s stock worth $2,333,000 after purchasing an additional 3,305 shares in the last quarter. Victory Capital Management Inc. raised its holdings in Alpha Metallurgical Resources by 22.4% during the third quarter. Victory Capital Management Inc. now owns 15,441 shares of the energy company’s stock worth $3,647,000 after purchasing an additional 2,823 shares in the last quarter. Old West Investment Management LLC raised its holdings in Alpha Metallurgical Resources by 177.2% during the third quarter. Old West Investment Management LLC now owns 6,446 shares of the energy company’s stock worth $1,522,000 after purchasing an additional 4,121 shares in the last quarter. Finally, Invst LLC bought a new stake in Alpha Metallurgical Resources during the first quarter worth approximately $681,000. Institutional investors own 84.29% of the company’s stock.

Alpha Metallurgical Resources Stock Performance

NYSE AMR opened at $250.72 on Thursday. The stock has a market capitalization of $3.26 billion, a P/E ratio of 9.20 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 business’s fifty day moving average is $226.09 and its two-hundred day moving average is $257.66.

Alpha Metallurgical Resources (NYSE:AMR) last posted 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 company 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%. 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 company posted $6.65 EPS. On average, research analysts forecast that Alpha Metallurgical Resources, Inc. will post 16.87 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on AMR shares. Benchmark reissued a “hold” rating on shares of Alpha Metallurgical Resources in a report on Monday, November 4th. B. Riley dropped their target price 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 Company 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.