Malaga Cove Capital LLC Buys 1,138 Shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR)

Malaga Cove Capital LLC lifted its stake in shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR) by 57.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,132 shares of the energy company’s stock after buying an additional 1,138 shares during the period. Malaga Cove Capital LLC’s holdings in Alpha Metallurgical Resources were worth $627,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of AMR. Dalal Street LLC lifted its stake 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 acquiring an additional 7,553 shares in the last quarter. Empowered Funds LLC raised its holdings in shares of Alpha Metallurgical Resources by 69.7% in the fourth quarter. Empowered Funds LLC now owns 12,139 shares of the energy company’s stock valued at $2,429,000 after purchasing an additional 4,985 shares during the last quarter. Ruffer LLP bought a new position in shares of Alpha Metallurgical Resources during the fourth quarter valued at about $4,100,000. Barclays PLC boosted its holdings in Alpha Metallurgical Resources by 309.2% during the third quarter. Barclays PLC now owns 18,646 shares of the energy company’s stock worth $4,402,000 after purchasing an additional 14,089 shares during the last quarter. Finally, Proficio Capital Partners LLC purchased a new position in Alpha Metallurgical Resources during the fourth quarter worth about $3,564,000. Institutional investors own 84.29% of the company’s stock.

Alpha Metallurgical Resources Trading Up 7.2%

Shares of Alpha Metallurgical Resources stock opened at $127.55 on Wednesday. The business’s fifty day simple moving average is $123.93 and its 200 day simple moving average is $174.44. Alpha Metallurgical Resources, Inc. has a 12 month low of $100.00 and a 12 month high of $334.72. The firm has a market capitalization of $1.66 billion, a P/E ratio of 4.68 and a beta of 0.72.

Alpha Metallurgical Resources (NYSE:AMR) last announced its earnings results on Friday, May 9th. The energy company reported ($2.60) earnings per share (EPS) 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 analysts’ expectations of $586.15 million. Alpha Metallurgical Resources had a net margin of 11.08% and a return on equity of 22.65%. The company’s revenue for the quarter was down 38.4% compared to the same quarter last year. During the same period in the prior year, the business earned $9.59 earnings per share. Analysts predict that Alpha Metallurgical Resources, Inc. will post 14.31 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, B. Riley decreased their price objective on shares of Alpha Metallurgical Resources from $272.00 to $183.00 and set a “buy” rating for the company in a research note on Friday, April 11th.

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.