Opal Wealth Advisors LLC Makes New $64,000 Investment in Alpha Metallurgical Resources, Inc. (NYSE:AMR)

Opal Wealth Advisors LLC acquired a new stake in Alpha Metallurgical Resources, Inc. (NYSE:AMR) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 508 shares of the energy company’s stock, valued at approximately $64,000.

Other hedge funds also recently made changes to their positions in the company. Dalal Street LLC grew its holdings in Alpha Metallurgical Resources by 1.6% during the 4th quarter. Dalal Street LLC now owns 487,251 shares of the energy company’s stock valued at $97,509,000 after purchasing an additional 7,553 shares in the last quarter. Ruffer LLP purchased a new position in Alpha Metallurgical Resources in the 4th quarter valued at about $4,100,000. Proficio Capital Partners LLC acquired a new stake in shares of Alpha Metallurgical Resources during the fourth quarter valued at about $3,564,000. GAMMA Investing LLC increased its position in shares of Alpha Metallurgical Resources by 11,100.3% during the first quarter. GAMMA Investing LLC now owns 34,945 shares of the energy company’s stock worth $4,377,000 after acquiring an additional 34,633 shares during the last quarter. Finally, Sei Investments Co. increased its position in shares of Alpha Metallurgical Resources by 36.8% during the fourth quarter. Sei Investments Co. now owns 10,786 shares of the energy company’s stock worth $2,158,000 after acquiring an additional 2,903 shares during the last quarter. Hedge funds and other institutional investors own 84.29% of the company’s stock.

Alpha Metallurgical Resources Price Performance

Shares of Alpha Metallurgical Resources stock opened at $112.49 on Monday. The business’s fifty day moving average price is $118.89 and its two-hundred day moving average price is $155.76. The company has a market capitalization of $1.47 billion, a P/E ratio of 4.13 and a beta of 0.68. Alpha Metallurgical Resources, Inc. has a 1-year low of $100.00 and a 1-year high of $334.72.

Alpha Metallurgical Resources (NYSE:AMR) last announced its earnings results on Friday, May 9th. The energy company reported ($2.60) earnings per share for the quarter, missing the consensus estimate of ($1.06) by ($1.54). The business had revenue of $531.96 million for the quarter, compared to the consensus estimate of $586.15 million. Alpha Metallurgical Resources had a net margin of 11.08% and a return on equity of 22.65%. The firm’s revenue was down 38.4% on a year-over-year basis. During the same period in the previous year, the firm earned $9.59 EPS. On average, research analysts expect that Alpha Metallurgical Resources, Inc. will post 14.31 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Wall Street Zen downgraded shares of Alpha Metallurgical Resources from a “hold” rating to a “sell” rating in a research report on Thursday, May 22nd. B. Riley decreased their price target on shares of Alpha Metallurgical Resources from $183.00 to $181.00 and set a “buy” rating for the company in a research report on Thursday, May 15th.

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.