Centiva Capital LP Acquires 1,715 Shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR)

Centiva Capital LP increased its stake in shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR) by 32.6% in the third quarter, Holdings Channel.com reports. The firm owned 6,969 shares of the energy company’s stock after buying an additional 1,715 shares during the quarter. Centiva Capital LP’s holdings in Alpha Metallurgical Resources were worth $1,646,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Federated Hermes Inc. acquired a new position in shares of Alpha Metallurgical Resources during the second quarter worth $25,000. GAMMA Investing LLC increased its holdings 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 in the last quarter. Harbor Capital Advisors Inc. bought a new position in Alpha Metallurgical Resources in the third quarter valued at about $36,000. Sound Income Strategies LLC acquired a new stake in shares of Alpha Metallurgical Resources during the third quarter valued at about $40,000. Finally, Quest Partners LLC acquired a new position in shares of Alpha Metallurgical Resources in the third quarter valued at approximately $116,000. Institutional investors and hedge funds own 84.29% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. Benchmark reissued a “hold” rating on shares of Alpha Metallurgical Resources in a report on Monday, November 4th. B. Riley decreased their price objective on Alpha Metallurgical Resources from $374.00 to $336.00 and set a “buy” rating for the company in a report on Friday, September 6th.

Alpha Metallurgical Resources Stock Performance

Alpha Metallurgical Resources stock opened at $242.47 on Wednesday. The firm has a market cap of $3.16 billion, a price-to-earnings ratio of 8.90 and a beta of 1.46. 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 price of $228.43 and a two-hundred day moving average price of $256.23.

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 the consensus estimate 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 firm had revenue of $671.90 million during the quarter, compared to analyst estimates of $672.95 million. During the same quarter in the previous year, the firm earned $6.65 EPS. Alpha Metallurgical Resources’s quarterly revenue was down 9.4% on a year-over-year basis. As a group, equities research analysts predict that Alpha Metallurgical Resources, Inc. will post 16.87 EPS for the current fiscal year.

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.