Financial Strategies Group Inc. Purchases 1,626 Shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR)

Financial Strategies Group Inc. raised its position in Alpha Metallurgical Resources, Inc. (NYSE:AMR) by 168.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,593 shares of the energy company’s stock after acquiring an additional 1,626 shares during the period. Financial Strategies Group Inc.’s holdings in Alpha Metallurgical Resources were worth $580,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of AMR. Federated Hermes Inc. purchased a new stake in shares of Alpha Metallurgical Resources during the second quarter worth about $25,000. GAMMA Investing LLC increased its stake in Alpha Metallurgical Resources by 124.6% during the 3rd quarter. GAMMA Investing LLC now owns 137 shares of the energy company’s stock valued at $32,000 after purchasing an additional 76 shares in the last quarter. Harbor Capital Advisors Inc. acquired a new position in Alpha Metallurgical Resources during the 3rd quarter valued at approximately $36,000. Sound Income Strategies LLC purchased a new position in shares of Alpha Metallurgical Resources in the third quarter worth $40,000. 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 hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts recently issued reports on AMR shares. B. Riley reduced their target price on Alpha Metallurgical Resources from $374.00 to $336.00 and set a “buy” rating for the company in a research note on Friday, September 6th. Benchmark reissued a “hold” rating on shares of Alpha Metallurgical Resources in a report on Monday.

Alpha Metallurgical Resources Trading Down 0.9 %

AMR opened at $239.71 on Friday. The firm has a 50 day moving average of $216.45 and a two-hundred day moving average of $265.64. The firm has a market capitalization of $3.12 billion, a PE ratio of 8.80 and a beta of 1.33. Alpha Metallurgical Resources, Inc. has a 12-month low of $185.00 and a 12-month high of $452.00.

Alpha Metallurgical Resources (NYSE:AMR) last issued its earnings results on Friday, November 1st. The energy company reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.60 by ($1.31). Alpha Metallurgical Resources had a return on equity of 22.65% and a net margin of 11.08%. The business had revenue of $671.90 million for the quarter, compared to analysts’ expectations of $672.95 million. During the same period last year, the business earned $6.65 EPS. The company’s revenue for the quarter was down 9.4% on a year-over-year basis. As a group, analysts predict that Alpha Metallurgical Resources, Inc. will post 17.89 EPS 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.