Alpha Metallurgical Resources, Inc. (NYSE:AMR) Shares Purchased by Stratos Wealth Advisors LLC

Stratos Wealth Advisors LLC raised its position in Alpha Metallurgical Resources, Inc. (NYSE:AMR) by 50.3% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 9,878 shares of the energy company’s stock after purchasing an additional 3,305 shares during the period. Stratos Wealth Advisors LLC owned 0.08% of Alpha Metallurgical Resources worth $2,333,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Federated Hermes Inc. purchased a new position in shares of Alpha Metallurgical Resources in the second quarter worth about $25,000. GAMMA Investing LLC lifted 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 in the last quarter. Sound Income Strategies LLC acquired a new position in shares of Alpha Metallurgical Resources during the 3rd quarter worth approximately $40,000. PNC Financial Services Group Inc. grew its position in shares of Alpha Metallurgical Resources by 947.1% in the fourth quarter. PNC Financial Services Group Inc. now owns 178 shares of the energy company’s stock valued at $60,000 after purchasing an additional 161 shares in the last quarter. Finally, Headlands Technologies LLC acquired a new stake in shares of Alpha Metallurgical Resources in the first quarter valued at approximately $88,000. Institutional investors and hedge funds own 84.29% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on AMR. Benchmark restated a “hold” rating on shares of Alpha Metallurgical Resources in a report on Wednesday. B. Riley cut their price objective on shares of Alpha Metallurgical Resources from $374.00 to $336.00 and set a “buy” rating for the company in a research report on Friday, September 6th.

Alpha Metallurgical Resources Stock Performance

AMR opened at $209.27 on Friday. 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, Inc. has a one year low of $185.00 and a one year high of $452.00. The business’s 50 day moving average price is $222.92 and its 200 day moving average price is $276.36.

Alpha Metallurgical Resources (NYSE:AMR) last announced its quarterly earnings results on Monday, August 5th. The energy company reported $4.49 EPS for the quarter, beating the consensus estimate of $4.46 by $0.03. The business had revenue of $804.00 million for the quarter, compared to analyst estimates of $733.05 million. Alpha Metallurgical Resources had a return on equity of 28.63% and a net margin of 13.52%. The company’s quarterly revenue was down 6.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $12.16 EPS. As a group, equities research analysts forecast that Alpha Metallurgical Resources, Inc. will post 20.67 earnings per share for the current fiscal year.

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.