Alpha Metallurgical Resources, Inc. (NYSE:AMR) Position Lowered by Navellier & Associates Inc.

Navellier & Associates Inc. lowered its holdings in Alpha Metallurgical Resources, Inc. (NYSE:AMR) by 36.8% during the third quarter, HoldingsChannel.com reports. The fund owned 1,197 shares of the energy company’s stock after selling 697 shares during the period. Navellier & Associates Inc.’s holdings in Alpha Metallurgical Resources were worth $283,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of AMR. Federated Hermes Inc. bought a new position in Alpha Metallurgical Resources in the second quarter worth about $25,000. GAMMA Investing LLC increased its stake in shares of Alpha Metallurgical Resources by 124.6% in the third quarter. GAMMA Investing LLC now owns 137 shares of the energy company’s stock valued at $32,000 after purchasing an additional 76 shares during the period. Harbor Capital Advisors Inc. acquired a new stake in shares of Alpha Metallurgical Resources in the third quarter valued at approximately $36,000. Sound Income Strategies LLC acquired a new stake in shares of Alpha Metallurgical Resources in the third quarter valued at approximately $40,000. Finally, Quest Partners LLC acquired a new stake in shares of Alpha Metallurgical Resources in the third quarter valued at approximately $116,000. Institutional investors own 84.29% of the company’s stock.

Alpha Metallurgical Resources Stock Performance

Shares of NYSE:AMR opened at $245.46 on Friday. The stock has a market capitalization of $3.19 billion, a price-to-earnings 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 50 day moving average price of $222.75 and a 200 day moving average price of $259.30.

Alpha Metallurgical Resources (NYSE:AMR) last issued its 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). 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 previous year, the business posted $6.65 earnings per share. The company’s quarterly revenue was down 9.4% on a year-over-year basis. On average, sell-side analysts expect that Alpha Metallurgical Resources, Inc. will post 16.87 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have commented on AMR shares. B. Riley dropped 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 note on Friday, September 6th. Benchmark restated a “hold” rating on shares of Alpha Metallurgical Resources in a research note on Monday, November 4th.

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.