X Square Capital LLC Buys 180 Shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR)

X Square Capital LLC boosted its stake in shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR) by 6.6% in the third quarter, HoldingsChannel reports. The firm owned 2,921 shares of the energy company’s stock after purchasing an additional 180 shares during the quarter. X Square Capital LLC’s holdings in Alpha Metallurgical Resources were worth $690,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Federated Hermes Inc. bought a new position in Alpha Metallurgical Resources during the second quarter worth $25,000. GAMMA Investing LLC boosted its position in Alpha Metallurgical Resources by 124.6% during the third quarter. GAMMA Investing LLC now owns 137 shares of the energy company’s stock worth $32,000 after purchasing an additional 76 shares during the period. Sound Income Strategies LLC acquired a new stake in shares of Alpha Metallurgical Resources during the third quarter worth $40,000. PNC Financial Services Group Inc. lifted its holdings in shares of Alpha Metallurgical Resources by 947.1% during the fourth quarter. PNC Financial Services Group Inc. now owns 178 shares of the energy company’s stock worth $60,000 after buying an additional 161 shares in the last quarter. Finally, Headlands Technologies LLC acquired a new stake in shares of Alpha Metallurgical Resources during the first quarter worth $88,000. 84.29% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on AMR shares. B. Riley dropped their target price 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. Benchmark reissued a “hold” rating on shares of Alpha Metallurgical Resources in a report on Wednesday, October 16th.

Alpha Metallurgical Resources Stock Down 3.1 %

AMR stock opened at $198.48 on Thursday. The company has a market cap of $2.58 billion, a PE ratio of 4.81 and a beta of 1.30. The business has a 50-day simple moving average of $220.38 and a 200 day simple moving average of $274.02. Alpha Metallurgical Resources, Inc. has a 52 week low of $185.00 and a 52 week high of $452.00.

Alpha Metallurgical Resources (NYSE:AMR) last posted its quarterly earnings results on Monday, August 5th. The energy company reported $4.49 EPS for the quarter, beating analysts’ consensus estimates of $4.46 by $0.03. The business had revenue of $804.00 million during the quarter, compared to the consensus estimate of $733.05 million. Alpha Metallurgical Resources had a return on equity of 28.63% and a net margin of 13.52%. Alpha Metallurgical Resources’s revenue for the quarter was down 6.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $12.16 earnings per share. On average, analysts anticipate that Alpha Metallurgical Resources, Inc. will post 20.67 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.