Alpha Metallurgical Resources, Inc. (NYSE:AMR) Shares Sold by Meixler Investment Management Ltd.

Meixler Investment Management Ltd. reduced its position in shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR) by 5.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,299 shares of the energy company’s stock after selling 297 shares during the quarter. Alpha Metallurgical Resources accounts for approximately 0.9% of Meixler Investment Management Ltd.’s investment portfolio, making the stock its 21st biggest holding. Meixler Investment Management Ltd.’s holdings in Alpha Metallurgical Resources were worth $1,252,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of AMR. Vanguard Group Inc. boosted its position in Alpha Metallurgical Resources by 0.9% during the first quarter. Vanguard Group Inc. now owns 1,224,801 shares of the energy company’s stock worth $405,617,000 after purchasing an additional 11,217 shares in the last quarter. Pacer Advisors Inc. lifted its position in shares of Alpha Metallurgical Resources by 22.2% during the 2nd quarter. Pacer Advisors Inc. now owns 613,208 shares of the energy company’s stock valued at $172,023,000 after buying an additional 111,504 shares in the last quarter. Gendell Jeffrey L lifted its position in shares of Alpha Metallurgical Resources by 21.8% during the 1st quarter. Gendell Jeffrey L now owns 350,125 shares of the energy company’s stock valued at $115,951,000 after buying an additional 62,725 shares in the last quarter. American Century Companies Inc. grew its stake in Alpha Metallurgical Resources by 6.0% in the 2nd quarter. American Century Companies Inc. now owns 305,726 shares of the energy company’s stock valued at $85,765,000 after acquiring an additional 17,261 shares during the period. Finally, Jupiter Asset Management Ltd. increased its holdings in Alpha Metallurgical Resources by 6.7% in the 2nd 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 in the last quarter. 84.29% of the stock is currently owned by institutional investors and hedge funds.

Alpha Metallurgical Resources Stock Performance

NYSE AMR opened at $236.67 on Monday. The business has a fifty day moving average price of $216.41 and a 200 day moving average price of $264.57. The company has a market cap of $3.08 billion, a P/E ratio of 8.69 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 released its earnings results on Friday, November 1st. The energy company reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.60 by ($1.31). The business had revenue of $671.90 million for the quarter, compared to analysts’ expectations of $672.95 million. Alpha Metallurgical Resources had a return on equity of 22.65% and a net margin of 11.08%. Alpha Metallurgical Resources’s quarterly revenue was down 9.4% compared to the same quarter last year. During the same period in the previous year, the company earned $6.65 EPS. As a group, sell-side analysts predict that Alpha Metallurgical Resources, Inc. will post 16.87 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have issued reports on AMR. Benchmark reaffirmed a “hold” rating on shares of Alpha Metallurgical Resources in a report on Monday, November 4th. B. Riley decreased 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.

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.