Janus Henderson Group PLC Has $9 Million Stock Holdings in Alpha Metallurgical Resources, Inc. (NYSE:AMR)

Janus Henderson Group PLC raised its position in Alpha Metallurgical Resources, Inc. (NYSE:AMR) by 19.3% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,174 shares of the energy company’s stock after buying an additional 4,387 shares during the quarter. Janus Henderson Group PLC owned 0.21% of Alpha Metallurgical Resources worth $8,998,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. GAMMA Investing LLC bought a new stake in shares of Alpha Metallurgical Resources during the 4th quarter valued at $33,000. Wetzel Investment Advisors Inc. bought a new position in Alpha Metallurgical Resources in the fourth quarter valued at about $34,000. Quadrant Capital Group LLC bought a new position in Alpha Metallurgical Resources in the fourth quarter valued at about $35,000. Creekmur Asset Management LLC bought a new position in Alpha Metallurgical Resources in the fourth quarter valued at about $36,000. Finally, PNC Financial Services Group Inc. raised its position in 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 during the last quarter. 84.29% of the stock is owned by institutional investors and hedge funds.

Alpha Metallurgical Resources Price Performance

NYSE AMR opened at $278.08 on Friday. The business has a 50 day simple moving average of $303.01 and a 200 day simple moving average of $331.05. Alpha Metallurgical Resources, Inc. has a one year low of $164.55 and a one year high of $452.00. The stock has a market capitalization of $3.62 billion, a P/E ratio of 6.74 and a beta of 1.36.

Alpha Metallurgical Resources (NYSE:AMR) last released its earnings results on Monday, May 6th. The energy company reported $9.59 EPS for the quarter, missing the consensus estimate of $9.61 by ($0.02). Alpha Metallurgical Resources had a return on equity of 36.77% and a net margin of 16.89%. The business had revenue of $864.07 million for the quarter, compared to analyst estimates of $845.35 million. During the same period in the prior year, the business earned $17.01 EPS. The company’s revenue for the quarter was down 5.2% on a year-over-year basis. Equities analysts expect that Alpha Metallurgical Resources, Inc. will post 28.83 earnings per share for the current year.

Insider Activity

In other news, CAO Roger Lee Nicholson sold 3,593 shares of the firm’s stock in a transaction that occurred on Tuesday, May 14th. The stock was sold at an average price of $290.16, for a total value of $1,042,544.88. Following the transaction, the chief accounting officer now owns 6,127 shares in the company, valued at $1,777,810.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 15.00% of the company’s stock.

Analysts Set New Price Targets

AMR has been the subject of several recent research reports. Benchmark reissued a “hold” rating on shares of Alpha Metallurgical Resources in a research note on Tuesday, May 7th. B. Riley increased their price target on Alpha Metallurgical Resources from $374.00 to $375.00 and gave the company a “buy” rating in a research note on Tuesday, May 7th.

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.