Cynosure Group LLC Buys 2,303 Shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR)

Cynosure Group LLC raised its stake in shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR) by 183.8% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 3,556 shares of the energy company’s stock after purchasing an additional 2,303 shares during the period. Cynosure Group LLC’s holdings in Alpha Metallurgical Resources were worth $840,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Creative Planning boosted its holdings in Alpha Metallurgical Resources by 2.9% in the 2nd quarter. Creative Planning now owns 1,529 shares of the energy company’s stock worth $429,000 after buying an additional 43 shares during the period. Linden Thomas Advisory Services LLC raised its stake in Alpha Metallurgical Resources by 0.6% during the 2nd quarter. Linden Thomas Advisory Services LLC now owns 7,823 shares of the energy company’s stock valued at $2,195,000 after purchasing an additional 47 shares during the period. SummerHaven Investment Management LLC lifted its holdings in Alpha Metallurgical Resources by 1.0% in the 2nd quarter. SummerHaven Investment Management LLC now owns 4,876 shares of the energy company’s stock worth $1,368,000 after purchasing an additional 48 shares in the last quarter. GAMMA Investing LLC boosted its stake in Alpha Metallurgical Resources by 124.6% in the 3rd 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 period. Finally, Meixler Investment Management Ltd. raised its position in shares of Alpha Metallurgical Resources by 1.4% during the second quarter. Meixler Investment Management Ltd. now owns 5,596 shares of the energy company’s stock valued at $1,570,000 after buying an additional 78 shares during the last quarter. Hedge funds and other institutional investors own 84.29% of the company’s stock.

Alpha Metallurgical Resources Stock Performance

NYSE AMR opened at $247.05 on Wednesday. The stock has a 50 day moving average price of $225.08 and a 200-day moving average price of $257.71. The company has a market capitalization of $3.22 billion, a P/E ratio of 9.07 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 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 business 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 posted $6.65 earnings per share. The firm’s revenue for the quarter was down 9.4% compared to the same quarter last year. As a group, equities analysts predict that Alpha Metallurgical Resources, Inc. will post 16.87 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

AMR has been the subject of several research analyst reports. Benchmark reaffirmed a “hold” rating on shares of Alpha Metallurgical Resources in a research note on Monday, November 4th. B. Riley reduced their target price on Alpha Metallurgical Resources from $374.00 to $336.00 and set a “buy” rating on the stock in a report on Friday, September 6th.

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.