Edgestream Partners L.P. Has $4.84 Million Stock Position in Alpha Metallurgical Resources, Inc. (NYSE:AMR)

Edgestream Partners L.P. raised its stake in Alpha Metallurgical Resources, Inc. (NYSE:AMR) by 743.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 17,247 shares of the energy company’s stock after purchasing an additional 15,203 shares during the quarter. Edgestream Partners L.P. owned 0.13% of Alpha Metallurgical Resources worth $4,838,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. raised its stake in shares of Alpha Metallurgical Resources by 0.9% in the first quarter. Vanguard Group Inc. now owns 1,224,801 shares of the energy company’s stock worth $405,617,000 after purchasing an additional 11,217 shares during the last quarter. Gendell Jeffrey L raised its stake in shares of Alpha Metallurgical Resources by 21.8% in the first quarter. Gendell Jeffrey L now owns 350,125 shares of the energy company’s stock worth $115,951,000 after purchasing an additional 62,725 shares during the last quarter. American Century Companies Inc. raised its stake in shares of Alpha Metallurgical Resources by 6.0% in the second quarter. American Century Companies Inc. now owns 305,726 shares of the energy company’s stock worth $85,765,000 after purchasing an additional 17,261 shares during the last quarter. Jupiter Asset Management Ltd. raised its stake in shares of Alpha Metallurgical Resources by 6.7% in the second quarter. Jupiter Asset Management Ltd. now owns 106,289 shares of the energy company’s stock worth $29,817,000 after purchasing an additional 6,646 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its stake in shares of Alpha Metallurgical Resources by 0.8% in the fourth quarter. Goldman Sachs Group Inc. now owns 76,341 shares of the energy company’s stock worth $25,873,000 after purchasing an additional 638 shares during the last quarter. 84.29% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts recently commented on the company. Benchmark reaffirmed a “hold” rating on shares of Alpha Metallurgical Resources in a research report on Tuesday, August 6th. B. Riley decreased their price target on Alpha Metallurgical Resources from $374.00 to $336.00 and set a “buy” rating for the company in a research report on Friday, September 6th.

Alpha Metallurgical Resources Trading Down 1.9 %

Shares of AMR opened at $205.62 on Wednesday. The company has a market capitalization of $2.67 billion, a price-to-earnings ratio of 4.98 and a beta of 1.30. The stock has a 50 day moving average of $253.93 and a 200 day moving average of $293.68. 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 announced its quarterly earnings data on Monday, August 5th. The energy company reported $4.49 earnings per share for the quarter, beating the consensus estimate of $4.46 by $0.03. Alpha Metallurgical Resources had a return on equity of 28.63% and a net margin of 13.52%. The business had revenue of $804.00 million during the quarter, compared to analyst estimates of $733.05 million. During the same period in the prior year, the company earned $12.16 earnings per share. Alpha Metallurgical Resources’s revenue was down 6.3% compared to the same quarter last year. As a group, equities research analysts predict that Alpha Metallurgical Resources, Inc. will post 20.67 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.