666 Shares in Alpha Metallurgical Resources, Inc. (NYSE:AMR) Purchased by Point72 Asia Singapore Pte. Ltd.

Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 666 shares of the energy company’s stock, valued at approximately $157,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Federated Hermes Inc. purchased a new position in Alpha Metallurgical Resources during the second quarter worth about $25,000. GAMMA Investing LLC lifted its stake in Alpha Metallurgical Resources by 124.6% during the third quarter. GAMMA Investing LLC now owns 137 shares of the energy company’s stock worth $32,000 after purchasing an additional 76 shares during the last quarter. Harbor Capital Advisors Inc. bought a new stake in Alpha Metallurgical Resources during the third quarter worth about $36,000. Sound Income Strategies LLC bought a new stake in Alpha Metallurgical Resources during the third quarter worth about $40,000. Finally, Quest Partners LLC bought a new stake in Alpha Metallurgical Resources during the third quarter worth about $116,000. 84.29% of the stock is currently owned by hedge funds and other institutional investors.

Alpha Metallurgical Resources Stock Down 2.5 %

Shares of AMR stock opened at $236.39 on Thursday. The business has a 50-day moving average price of $228.73 and a two-hundred day moving average price of $256.09. Alpha Metallurgical Resources, Inc. has a 12-month low of $185.00 and a 12-month high of $452.00. The firm has a market cap of $3.08 billion, a P/E ratio of 8.67 and a beta of 1.46.

Alpha Metallurgical Resources (NYSE:AMR) last released 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 net margin of 11.08% and a return on equity of 22.65%. The company had revenue of $671.90 million during the quarter, compared to the consensus estimate of $672.95 million. During the same period last year, the firm posted $6.65 EPS. The company’s revenue was down 9.4% on a year-over-year basis. As a group, research analysts expect that Alpha Metallurgical Resources, Inc. will post 16.87 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on AMR shares. B. Riley dropped their price target on Alpha Metallurgical Resources from $374.00 to $336.00 and set a “buy” rating for the company in a research note on Friday, September 6th. Benchmark reaffirmed a “hold” rating on shares of Alpha Metallurgical Resources in a research note on Monday, November 4th.

About Alpha Metallurgical Resources

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.