Edgestream Partners L.P. Has $2.52 Million Stock Holdings in Alpha Metallurgical Resources, Inc. (NYSE:AMR)

Edgestream Partners L.P. trimmed its stake in shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR) by 38.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 10,668 shares of the energy company’s stock after selling 6,579 shares during the quarter. Edgestream Partners L.P.’s holdings in Alpha Metallurgical Resources were worth $2,520,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of AMR. Pacer Advisors Inc. boosted its stake in Alpha Metallurgical Resources by 30.2% in the 3rd quarter. Pacer Advisors Inc. now owns 798,584 shares of the energy company’s stock valued at $188,610,000 after buying an additional 185,376 shares in the last quarter. Hosking Partners LLP acquired a new stake in shares of Alpha Metallurgical Resources in the 2nd quarter valued at $5,123,000. American Century Companies Inc. grew its holdings in shares of 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 worth $85,765,000 after purchasing an additional 17,261 shares during the last quarter. Intech Investment Management LLC acquired a new stake in shares of Alpha Metallurgical Resources during the 3rd quarter worth about $3,304,000. Finally, Hi Line Capital Management LLC bought a new position in Alpha Metallurgical Resources during the 3rd quarter valued at about $3,060,000. 84.29% of the stock is currently owned by institutional investors.

Alpha Metallurgical Resources Trading Down 1.3 %

Shares of NYSE AMR opened at $242.27 on Tuesday. Alpha Metallurgical Resources, Inc. has a 1-year low of $185.00 and a 1-year high of $452.00. The company has a 50-day moving average of $228.11 and a two-hundred day moving average of $256.54. The company has a market cap of $3.15 billion, a PE ratio of 8.89 and a beta of 1.33.

Alpha Metallurgical Resources (NYSE:AMR) last announced its quarterly earnings data 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). The business had revenue of $671.90 million during the quarter, compared to analyst estimates of $672.95 million. Alpha Metallurgical Resources had a net margin of 11.08% and a return on equity of 22.65%. The company’s quarterly revenue was down 9.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $6.65 earnings per share. As a group, equities research analysts forecast that Alpha Metallurgical Resources, Inc. will post 16.87 earnings per share for the current year.

Analyst Ratings Changes

AMR has been the topic 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 price objective on 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.

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.