Creative Planning Boosts Holdings in Alpha Metallurgical Resources, Inc. (NYSE:AMR)

Creative Planning grew its position in Alpha Metallurgical Resources, Inc. (NYSE:AMR) by 17.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,798 shares of the energy company’s stock after buying an additional 269 shares during the period. Creative Planning’s holdings in Alpha Metallurgical Resources were worth $425,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. boosted its position in shares of 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 worth $405,617,000 after purchasing an additional 11,217 shares during the period. Pacer Advisors Inc. boosted its position in shares of Alpha Metallurgical Resources by 22.2% during the 2nd quarter. Pacer Advisors Inc. now owns 613,208 shares of the energy company’s stock worth $172,023,000 after purchasing an additional 111,504 shares during the period. Gendell Jeffrey L lifted its holdings 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 in the last quarter. 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. lifted its holdings in Alpha Metallurgical Resources by 6.7% during the 2nd quarter. Jupiter Asset Management Ltd. now owns 106,289 shares of the energy company’s stock worth $29,817,000 after buying an additional 6,646 shares in the last quarter. Hedge funds and other institutional investors own 84.29% of the company’s stock.

Alpha Metallurgical Resources Trading Up 8.5 %

Shares of AMR opened at $241.88 on Thursday. Alpha Metallurgical Resources, Inc. has a twelve month low of $185.00 and a twelve month high of $452.00. The firm’s fifty day simple moving average is $216.45 and its 200-day simple moving average is $265.82. The firm has a market capitalization of $3.15 billion, a price-to-earnings ratio of 8.88 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 analysts’ consensus estimates 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 business posted $6.65 earnings per share. Alpha Metallurgical Resources’s revenue for the quarter was down 9.4% compared to the same quarter last year. On average, analysts predict that Alpha Metallurgical Resources, Inc. will post 17.89 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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

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.