Pacer Advisors Inc. Has $188.61 Million Stock Holdings in Alpha Metallurgical Resources, Inc. (NYSE:AMR)

Pacer Advisors Inc. lifted its holdings in Alpha Metallurgical Resources, Inc. (NYSE:AMR) by 30.2% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 798,584 shares of the energy company’s stock after acquiring an additional 185,376 shares during the quarter. Pacer Advisors Inc. owned about 0.06% of Alpha Metallurgical Resources worth $188,610,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Creative Planning boosted its position in shares of Alpha Metallurgical Resources by 2.9% in the second quarter. Creative Planning now owns 1,529 shares of the energy company’s stock worth $429,000 after buying an additional 43 shares during the period. Linden Thomas Advisory Services LLC raised its holdings in shares of Alpha Metallurgical Resources by 0.6% during the second quarter. Linden Thomas Advisory Services LLC now owns 7,823 shares of the energy company’s stock worth $2,195,000 after acquiring an additional 47 shares in the last quarter. SummerHaven Investment Management LLC raised its holdings in shares of Alpha Metallurgical Resources by 1.0% during the second quarter. SummerHaven Investment Management LLC now owns 4,876 shares of the energy company’s stock worth $1,368,000 after acquiring an additional 48 shares in the last quarter. GAMMA Investing LLC raised its holdings in Alpha Metallurgical Resources by 124.6% during the third quarter. GAMMA Investing LLC now owns 137 shares of the energy company’s stock valued at $32,000 after buying an additional 76 shares in the last quarter. Finally, Meixler Investment Management Ltd. raised its holdings in Alpha Metallurgical Resources by 1.4% during the second quarter. Meixler Investment Management Ltd. now owns 5,596 shares of the energy company’s stock valued at $1,570,000 after buying an additional 78 shares in the last quarter. Institutional investors and hedge funds own 84.29% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. B. Riley cut their target price on 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 research note on Monday, November 4th.

Alpha Metallurgical Resources Stock Up 1.0 %

AMR stock opened at $243.69 on Thursday. Alpha Metallurgical Resources, Inc. has a twelve month low of $185.00 and a twelve month high of $452.00. The company has a market cap of $3.17 billion, a PE ratio of 8.94 and a beta of 1.33. The business’s 50-day simple moving average is $221.76 and its 200 day simple moving average is $259.36.

Alpha Metallurgical Resources (NYSE:AMR) last released its earnings results 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 return on equity of 22.65% and a net margin of 11.08%. The firm had revenue of $671.90 million for the quarter, compared to analyst estimates of $672.95 million. During the same period last year, the business earned $6.65 earnings per share. The firm’s quarterly revenue was down 9.4% compared to the same quarter last year. On average, equities research analysts anticipate that Alpha Metallurgical Resources, Inc. will post 16.87 EPS for the current year.

About Alpha Metallurgical Resources

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.