Alpha Metallurgical Resources, Inc. (NYSE:AMR) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. lessened its position in Alpha Metallurgical Resources, Inc. (NYSE:AMR) by 22.2% during the third quarter, Holdings Channel reports. The fund owned 51,797 shares of the energy company’s stock after selling 14,804 shares during the quarter. Principal Financial Group Inc.’s holdings in Alpha Metallurgical Resources were worth $12,233,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of AMR. Federated Hermes Inc. acquired a new stake in shares of Alpha Metallurgical Resources in the 2nd quarter worth about $25,000. GAMMA Investing LLC grew its position in Alpha Metallurgical Resources by 124.6% in the 3rd 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. Harbor Capital Advisors Inc. bought a new position in Alpha Metallurgical Resources in the 3rd quarter valued at about $36,000. Sound Income Strategies LLC bought a new position in Alpha Metallurgical Resources in the 3rd quarter valued at about $40,000. Finally, Opal Wealth Advisors LLC bought a new position in Alpha Metallurgical Resources in the 2nd quarter valued at about $142,000. Institutional investors and hedge funds own 84.29% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on AMR. B. Riley decreased their target price on shares of 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. Benchmark reiterated a “hold” rating on shares of Alpha Metallurgical Resources in a research report on Monday, November 4th.

Alpha Metallurgical Resources Trading Down 0.3 %

NYSE:AMR opened at $235.17 on Friday. Alpha Metallurgical Resources, Inc. has a twelve month low of $185.00 and a twelve month high of $452.00. The company has a 50-day moving average of $218.68 and a 200-day moving average of $261.58. The firm has a market cap of $3.06 billion, a price-to-earnings ratio of 8.63 and a beta of 1.33.

Alpha Metallurgical Resources (NYSE:AMR) last posted its quarterly earnings data on Friday, November 1st. The energy company reported $0.29 earnings per share 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 business had revenue of $671.90 million for the quarter, compared to the consensus estimate of $672.95 million. During the same quarter last year, the business posted $6.65 EPS. The business’s revenue for the quarter was down 9.4% on a year-over-year basis. On average, research analysts forecast 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.