Stratos Wealth Advisors LLC Increases Position in Alpha Metallurgical Resources, Inc. (NYSE:AMR)

Stratos Wealth Advisors LLC raised its position in shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR) by 50.3% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 9,878 shares of the energy company’s stock after buying an additional 3,305 shares during the period. Stratos Wealth Advisors LLC’s holdings in Alpha Metallurgical Resources were worth $2,333,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of AMR. Vanguard Group Inc. boosted its holdings in Alpha Metallurgical Resources by 0.9% during the 1st quarter. Vanguard Group Inc. now owns 1,224,801 shares of the energy company’s stock valued at $405,617,000 after acquiring an additional 11,217 shares during the period. Pacer Advisors Inc. boosted its stake in shares of Alpha Metallurgical Resources by 22.2% in the second quarter. Pacer Advisors Inc. now owns 613,208 shares of the energy company’s stock valued at $172,023,000 after purchasing an additional 111,504 shares during the period. Gendell Jeffrey L increased its stake in Alpha Metallurgical Resources by 21.8% during the 1st quarter. Gendell Jeffrey L now owns 350,125 shares of the energy company’s stock worth $115,951,000 after buying an additional 62,725 shares during the period. American Century Companies Inc. lifted its holdings in Alpha Metallurgical Resources by 6.0% during the 2nd quarter. American Century Companies Inc. now owns 305,726 shares of the energy company’s stock worth $85,765,000 after buying an additional 17,261 shares in the last quarter. Finally, Jupiter Asset Management Ltd. boosted its position 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 valued at $29,817,000 after buying an additional 6,646 shares during the period. 84.29% of the stock is owned by institutional investors and hedge funds.

Alpha Metallurgical Resources Stock Down 0.8 %

NYSE AMR opened at $209.27 on Friday. Alpha Metallurgical Resources, Inc. has a 52 week low of $185.00 and a 52 week high of $452.00. The firm has a 50 day moving average of $222.92 and a two-hundred day moving average of $276.36. The stock has a market capitalization of $2.72 billion, a PE ratio of 5.07 and a beta of 1.30.

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

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. Benchmark reiterated a “hold” rating on shares of Alpha Metallurgical Resources in a research note on Wednesday. B. Riley reduced their price target 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.

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.