Crossmark Global Holdings Inc. Acquires Shares of 859 Alpha Metallurgical Resources, Inc. (NYSE:AMR)

Crossmark Global Holdings Inc. bought a new position in shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 859 shares of the energy company’s stock, valued at approximately $203,000.

Other large investors also recently modified their holdings of the company. Janus Henderson Group PLC increased its stake in shares of Alpha Metallurgical Resources by 19.3% during the first quarter. Janus Henderson Group PLC now owns 27,174 shares of the energy company’s stock valued at $8,998,000 after buying an additional 4,387 shares during the period. Stratos Wealth Advisors LLC lifted its position in shares of Alpha Metallurgical Resources by 50.3% in the 3rd quarter. Stratos Wealth Advisors LLC now owns 9,878 shares of the energy company’s stock worth $2,333,000 after purchasing an additional 3,305 shares during the period. Old West Investment Management LLC increased its position in shares of Alpha Metallurgical Resources by 177.2% during the third quarter. Old West Investment Management LLC now owns 6,446 shares of the energy company’s stock valued at $1,522,000 after buying an additional 4,121 shares during the period. Edgestream Partners L.P. bought a new position in Alpha Metallurgical Resources in the first quarter worth about $677,000. Finally, Invst LLC purchased a new stake in Alpha Metallurgical Resources in the first quarter worth about $681,000. 84.29% of the stock is owned by institutional investors.

Alpha Metallurgical Resources Price Performance

Shares of NYSE AMR opened at $242.72 on Tuesday. Alpha Metallurgical Resources, Inc. has a 1 year low of $185.00 and a 1 year high of $452.00. The firm has a 50-day moving average of $218.68 and a 200 day moving average of $260.68. The stock has a market cap of $3.16 billion, a P/E ratio of 8.66 and a beta of 1.33.

Alpha Metallurgical Resources (NYSE:AMR) last announced 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 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 period in the prior year, the business posted $6.65 EPS. Alpha Metallurgical Resources’s revenue for the quarter was down 9.4% on a year-over-year basis. Research analysts expect that Alpha Metallurgical Resources, Inc. will post 16.87 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

AMR has been the subject of several research reports. Benchmark reissued a “hold” rating on shares of Alpha Metallurgical Resources in a research report on Monday, November 4th. B. Riley decreased their price objective on Alpha Metallurgical Resources from $374.00 to $336.00 and set a “buy” rating for the company in a report on Friday, September 6th.

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.