Mraz Amerine & Associates Inc. Has $2.06 Million Stock Holdings in Alpha Metallurgical Resources, Inc. (NYSE:AMR)

Mraz Amerine & Associates Inc. cut its holdings in Alpha Metallurgical Resources, Inc. (NYSE:AMR) by 3.6% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 8,705 shares of the energy company’s stock after selling 325 shares during the quarter. Mraz Amerine & Associates Inc. owned about 0.07% of Alpha Metallurgical Resources worth $2,056,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of AMR. Pacer Advisors Inc. lifted its stake 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 acquiring an additional 111,504 shares in the last quarter. Jupiter Asset Management Ltd. bought a new stake in Alpha Metallurgical Resources in the 1st quarter valued at approximately $32,999,000. Gendell Jeffrey L lifted its stake in Alpha Metallurgical Resources by 21.8% in the 1st quarter. Gendell Jeffrey L now owns 350,125 shares of the energy company’s stock valued at $115,951,000 after acquiring an additional 62,725 shares in the last quarter. Vanguard Group Inc. lifted its stake in Alpha Metallurgical Resources by 5.4% in the 4th quarter. Vanguard Group Inc. now owns 1,213,584 shares of the energy company’s stock valued at $411,308,000 after acquiring an additional 61,915 shares in the last quarter. Finally, Empowered Funds LLC lifted its stake in Alpha Metallurgical Resources by 85.5% in the 1st quarter. Empowered Funds LLC now owns 41,555 shares of the energy company’s stock valued at $13,762,000 after acquiring an additional 19,154 shares in the last quarter. 84.29% of the stock is currently owned by institutional investors and hedge funds.

Alpha Metallurgical Resources Stock Up 2.5 %

Shares of Alpha Metallurgical Resources stock opened at $203.37 on Friday. Alpha Metallurgical Resources, Inc. has a 12-month low of $185.00 and a 12-month high of $452.00. The stock has a market cap of $2.65 billion, a P/E ratio of 4.93 and a beta of 1.30. The business’s 50 day moving average is $219.74 and its 200-day moving average is $273.53.

Alpha Metallurgical Resources (NYSE:AMR) last announced its quarterly earnings data on Monday, August 5th. The energy company reported $4.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.46 by $0.03. Alpha Metallurgical Resources had a return on equity of 28.63% and a net margin of 13.52%. The company had revenue of $804.00 million for the quarter, compared to analysts’ expectations of $733.05 million. During the same quarter in the prior year, the business posted $12.16 EPS. The business’s revenue was down 6.3% compared to the same quarter last year. On average, sell-side analysts expect that Alpha Metallurgical Resources, Inc. will post 20.67 EPS for the current year.

Analyst Ratings Changes

AMR has been the topic of several research reports. B. Riley cut their target price on 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 Wednesday, October 16th.

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.