Edgestream Partners L.P. Purchases 15,203 Shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR)

Edgestream Partners L.P. raised its position in shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR) by 743.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 17,247 shares of the energy company’s stock after purchasing an additional 15,203 shares during the period. Edgestream Partners L.P.’s holdings in Alpha Metallurgical Resources were worth $4,838,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. WINTON GROUP Ltd boosted its holdings in shares of Alpha Metallurgical Resources by 10.7% in the second quarter. WINTON GROUP Ltd now owns 3,208 shares of the energy company’s stock worth $900,000 after acquiring an additional 310 shares during the period. Federated Hermes Inc. bought a new position in shares of Alpha Metallurgical Resources in the second quarter worth $25,000. BOKF NA boosted its holdings in shares of Alpha Metallurgical Resources by 19.0% in the second quarter. BOKF NA now owns 1,095 shares of the energy company’s stock worth $307,000 after acquiring an additional 175 shares during the period. Jupiter Asset Management Ltd. boosted its holdings in shares of Alpha Metallurgical Resources by 6.7% in the second quarter. Jupiter Asset Management Ltd. now owns 106,289 shares of the energy company’s stock worth $29,817,000 after acquiring an additional 6,646 shares during the period. Finally, American Century Companies Inc. boosted its holdings in shares of Alpha Metallurgical Resources by 6.0% in the second quarter. American Century Companies Inc. now owns 305,726 shares of the energy company’s stock worth $85,765,000 after acquiring an additional 17,261 shares during the period. 84.29% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on AMR shares. Benchmark reaffirmed a “hold” rating on shares of Alpha Metallurgical Resources in a report on Tuesday, August 6th. B. Riley cut their price target on Alpha Metallurgical Resources from $374.00 to $336.00 and set a “buy” rating for the company in a report on Friday, September 6th.

Alpha Metallurgical Resources Stock Performance

NYSE:AMR opened at $205.62 on Wednesday. The firm has a market capitalization of $2.67 billion, a price-to-earnings ratio of 4.98 and a beta of 1.30. Alpha Metallurgical Resources, Inc. has a 52-week low of $185.00 and a 52-week high of $452.00. The stock has a fifty day moving average of $253.93 and a 200 day moving average of $293.68.

Alpha Metallurgical Resources (NYSE:AMR) last posted its quarterly earnings data on Monday, August 5th. The energy company reported $4.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.46 by $0.03. The company had revenue of $804.00 million during the quarter, compared to analyst estimates of $733.05 million. Alpha Metallurgical Resources had a return on equity of 28.63% and a net margin of 13.52%. The firm’s quarterly revenue was down 6.3% on a year-over-year basis. During the same quarter last year, the company earned $12.16 earnings per share. Equities analysts forecast that Alpha Metallurgical Resources, Inc. will post 20.67 earnings per share for the current fiscal year.

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.