Thrivent Financial for Lutherans Has $2.70 Million Stock Position in Alpha Metallurgical Resources, Inc. (NYSE:AMR)

Thrivent Financial for Lutherans lowered its stake in shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR) by 6.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,610 shares of the energy company’s stock after selling 646 shares during the quarter. Thrivent Financial for Lutherans owned about 0.07% of Alpha Metallurgical Resources worth $2,696,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Federated Hermes Inc. acquired a new position in Alpha Metallurgical Resources in the 2nd quarter valued at approximately $25,000. Creekmur Asset Management LLC acquired a new position in shares of Alpha Metallurgical Resources in the fourth quarter valued at $36,000. PNC Financial Services Group Inc. raised its stake in shares of Alpha Metallurgical Resources by 947.1% in the fourth quarter. PNC Financial Services Group Inc. now owns 178 shares of the energy company’s stock valued at $60,000 after purchasing an additional 161 shares in the last quarter. FinTrust Capital Advisors LLC bought a new position in Alpha Metallurgical Resources in the fourth quarter worth $64,000. Finally, Headlands Technologies LLC acquired a new stake in Alpha Metallurgical Resources during the first quarter worth $88,000. 84.29% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on AMR. B. Riley dropped their price objective on shares of Alpha Metallurgical Resources from $374.00 to $336.00 and set a “buy” rating for the company in a research note on Friday, September 6th. Benchmark reissued a “hold” rating on shares of Alpha Metallurgical Resources in a research report on Tuesday, August 6th.

Alpha Metallurgical Resources Price Performance

Shares of AMR stock opened at $236.18 on Tuesday. The stock’s fifty day simple moving average is $239.36 and its 200 day simple moving average is $285.87. Alpha Metallurgical Resources, Inc. has a one year low of $185.00 and a one year high of $452.00. The firm has a market cap of $3.07 billion, a price-to-earnings ratio of 5.75 and a beta of 1.30.

Alpha Metallurgical Resources (NYSE:AMR) last issued its earnings results on Monday, August 5th. The energy company reported $4.49 EPS for the quarter, beating the consensus estimate of $4.46 by $0.03. The company had revenue of $804.00 million for the quarter, compared to the consensus estimate of $733.05 million. Alpha Metallurgical Resources had a net margin of 13.52% and a return on equity of 28.63%. The firm’s revenue for the quarter was down 6.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $12.16 EPS. On average, research analysts anticipate that Alpha Metallurgical Resources, Inc. will post 20.67 earnings per share for the current year.

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.