Freedom Investment Management Inc. Acquires 299 Shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR)

Freedom Investment Management Inc. increased its holdings in shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR) by 15.9% during the third quarter, HoldingsChannel reports. The firm owned 2,182 shares of the energy company’s stock after buying an additional 299 shares during the period. Freedom Investment Management Inc.’s holdings in Alpha Metallurgical Resources were worth $515,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. Federated Hermes Inc. purchased a new stake in shares of Alpha Metallurgical Resources during the 2nd quarter valued at about $25,000. GAMMA Investing LLC boosted its stake in shares of Alpha Metallurgical Resources by 124.6% in the 3rd quarter. GAMMA Investing LLC now owns 137 shares of the energy company’s stock worth $32,000 after buying an additional 76 shares during the last quarter. Harbor Capital Advisors Inc. purchased a new stake in shares of Alpha Metallurgical Resources during the 3rd quarter valued at about $36,000. Sound Income Strategies LLC bought a new position in Alpha Metallurgical Resources in the third quarter worth approximately $40,000. Finally, Quest Partners LLC purchased a new position in shares of Alpha Metallurgical Resources during the 3rd quarter worth $116,000. 84.29% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

AMR has been the topic of several analyst reports. B. Riley lowered their target price on Alpha Metallurgical Resources from $374.00 to $336.00 and set a “buy” rating on the stock in a research report on Friday, September 6th. Benchmark restated a “hold” rating on shares of Alpha Metallurgical Resources in a research report on Monday, November 4th.

Alpha Metallurgical Resources Trading Down 2.0 %

Shares of AMR opened at $245.57 on Friday. The business’s 50 day moving average is $227.53 and its 200 day moving average is $257.30. Alpha Metallurgical Resources, Inc. has a 12-month low of $185.00 and a 12-month high of $452.00. The company has a market capitalization of $3.20 billion, a PE ratio of 9.01 and a beta of 1.33.

Alpha Metallurgical Resources (NYSE:AMR) last released its quarterly earnings data 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 net margin of 11.08% and a return on equity of 22.65%. The company had revenue of $671.90 million for the quarter, compared to the consensus estimate of $672.95 million. During the same quarter in the previous year, the business earned $6.65 EPS. The company’s quarterly revenue was down 9.4% on a year-over-year basis. Equities research analysts predict that Alpha Metallurgical Resources, Inc. will post 16.87 earnings per share for the current 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.