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

Malaga Cove Capital LLC acquired a new position in shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 1,994 shares of the energy company’s stock, valued at approximately $471,000.

Other institutional investors have also recently bought and sold shares of the company. Janus Henderson Group PLC increased its stake in shares of Alpha Metallurgical Resources by 19.3% in the first quarter. Janus Henderson Group PLC now owns 27,174 shares of the energy company’s stock worth $8,998,000 after purchasing an additional 4,387 shares during the period. Stratos Wealth Advisors LLC increased its position in Alpha Metallurgical Resources by 50.3% in the 3rd quarter. Stratos Wealth Advisors LLC now owns 9,878 shares of the energy company’s stock worth $2,333,000 after buying an additional 3,305 shares during the period. Edgestream Partners L.P. bought a new position in Alpha Metallurgical Resources in the 1st quarter worth approximately $677,000. Invst LLC acquired a new position in shares of Alpha Metallurgical Resources during the first quarter worth approximately $681,000. Finally, Jade Capital Advisors LLC boosted its position in shares of Alpha Metallurgical Resources by 180.0% in the third quarter. Jade Capital Advisors LLC now owns 7,000 shares of the energy company’s stock valued at $1,653,000 after acquiring an additional 4,500 shares during the period. Institutional investors own 84.29% of the company’s stock.

Analysts Set New Price Targets

AMR has been the subject of several research analyst reports. Benchmark reiterated a “hold” rating on shares of Alpha Metallurgical Resources in a research note on Monday. B. Riley decreased their target price on Alpha Metallurgical Resources from $374.00 to $336.00 and set a “buy” rating on the stock in a research report on Friday, September 6th.

Alpha Metallurgical Resources Trading Up 8.5 %

Shares of NYSE AMR opened at $241.88 on Thursday. The business has a fifty day simple moving average of $216.45 and a 200 day simple moving average of $265.82. The firm has a market capitalization of $3.15 billion, a price-to-earnings ratio of 8.88 and a beta of 1.33. Alpha Metallurgical Resources, Inc. has a one year low of $185.00 and a one year high of $452.00.

Alpha Metallurgical Resources (NYSE:AMR) last posted its earnings results on Friday, November 1st. The energy company reported $0.29 EPS 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 company had revenue of $671.90 million for the quarter, compared to the consensus estimate of $672.95 million. During the same quarter last year, the business earned $6.65 EPS. Alpha Metallurgical Resources’s quarterly revenue was down 9.4% compared to the same quarter last year. On average, research analysts anticipate that Alpha Metallurgical Resources, Inc. will post 17.89 earnings per share for the current fiscal year.

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.