Malaga Cove Capital LLC Invests $471,000 in Alpha Metallurgical Resources, Inc. (NYSE:AMR)

Malaga Cove Capital LLC bought a new stake in Alpha Metallurgical Resources, Inc. (NYSE:AMR) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,994 shares of the energy company’s stock, valued at approximately $471,000.

A number of other institutional investors have also made changes to their positions in AMR. Old West Investment Management LLC lifted its holdings in Alpha Metallurgical Resources by 177.2% during the 3rd quarter. Old West Investment Management LLC now owns 6,446 shares of the energy company’s stock worth $1,522,000 after buying an additional 4,121 shares in the last quarter. Harbor Capital Advisors Inc. bought a new stake in Alpha Metallurgical Resources during the 3rd quarter worth about $36,000. Janney Montgomery Scott LLC boosted its stake in shares of Alpha Metallurgical Resources by 41.8% in the 3rd quarter. Janney Montgomery Scott LLC now owns 3,181 shares of the energy company’s stock valued at $751,000 after purchasing an additional 937 shares during the last quarter. Farther Finance Advisors LLC raised its stake in shares of Alpha Metallurgical Resources by 1,081.9% during the third quarter. Farther Finance Advisors LLC now owns 1,832 shares of the energy company’s stock worth $433,000 after buying an additional 1,677 shares during the last quarter. Finally, Hi Line Capital Management LLC bought a new position in Alpha Metallurgical Resources in the third quarter valued at approximately $3,060,000. 84.29% of the stock is owned by institutional investors.

Alpha Metallurgical Resources Stock Up 8.5 %

Shares of NYSE AMR opened at $241.88 on Thursday. Alpha Metallurgical Resources, Inc. has a twelve month low of $185.00 and a twelve month high of $452.00. The stock has a market cap of $3.15 billion, a price-to-earnings ratio of 8.88 and a beta of 1.33. The company’s fifty day moving average is $216.45 and its 200-day moving average is $265.82.

Alpha Metallurgical Resources (NYSE:AMR) last posted its earnings results on Friday, November 1st. The energy company reported $0.29 earnings per share for the quarter, missing the consensus estimate of $1.60 by ($1.31). Alpha Metallurgical Resources had a return on equity of 22.65% and a net margin of 11.08%. The business had revenue of $671.90 million for the quarter, compared to the consensus estimate of $672.95 million. During the same quarter in the prior year, the firm posted $6.65 earnings per share. The business’s revenue was down 9.4% on a year-over-year basis. On average, research analysts anticipate that Alpha Metallurgical Resources, Inc. will post 17.89 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. B. Riley decreased their price objective on Alpha Metallurgical Resources from $374.00 to $336.00 and set a “buy” rating for the company in a research note on Friday, September 6th. Benchmark reaffirmed a “hold” rating on shares of Alpha Metallurgical Resources in a research note on Monday.

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.