Envestnet Asset Management Inc. Purchases 254 Shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR)

Envestnet Asset Management Inc. increased its holdings in Alpha Metallurgical Resources, Inc. (NYSE:AMR) by 21.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,457 shares of the energy company’s stock after purchasing an additional 254 shares during the period. Envestnet Asset Management Inc.’s holdings in Alpha Metallurgical Resources were worth $292,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. New Age Alpha Advisors LLC bought a new stake in shares of Alpha Metallurgical Resources in the 4th quarter worth about $40,000. FNY Investment Advisers LLC acquired a new stake in shares of Alpha Metallurgical Resources in the fourth quarter valued at $50,000. PNC Financial Services Group Inc. raised its holdings in shares of Alpha Metallurgical Resources by 127.6% in the fourth quarter. PNC Financial Services Group Inc. now owns 289 shares of the energy company’s stock valued at $58,000 after buying an additional 162 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of Alpha Metallurgical Resources by 127.7% in the fourth quarter. GAMMA Investing LLC now owns 312 shares of the energy company’s stock valued at $62,000 after buying an additional 175 shares during the last quarter. Finally, Jones Financial Companies Lllp bought a new stake in Alpha Metallurgical Resources during the 4th quarter worth about $82,000. Institutional investors own 84.29% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, B. Riley reduced their target price on shares of Alpha Metallurgical Resources from $272.00 to $183.00 and set a “buy” rating on the stock in a research report on Friday, April 11th.

Alpha Metallurgical Resources Price Performance

Shares of NYSE AMR opened at $129.10 on Wednesday. The company’s 50 day simple moving average is $125.10 and its 200 day simple moving average is $177.29. The firm has a market capitalization of $1.69 billion, a P/E ratio of 4.74 and a beta of 0.72. Alpha Metallurgical Resources, Inc. has a fifty-two week low of $100.00 and a fifty-two week high of $334.72.

Alpha Metallurgical Resources (NYSE:AMR) last issued its earnings results on Friday, February 28th. The energy company reported ($0.16) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.09). Alpha Metallurgical Resources had a return on equity of 22.65% and a net margin of 11.08%. The company had revenue of $617.30 million for the quarter, compared to the consensus estimate of $658.20 million. During the same quarter last year, the business posted $12.88 EPS. Alpha Metallurgical Resources’s quarterly revenue was down 35.7% on a year-over-year basis. Sell-side analysts expect that Alpha Metallurgical Resources, Inc. will post 14.31 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.