Janus Henderson Group PLC Sells 3,005 Shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR)

Janus Henderson Group PLC lessened its stake in Alpha Metallurgical Resources, Inc. (NYSE:AMR) by 13.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 19,383 shares of the energy company’s stock after selling 3,005 shares during the period. Janus Henderson Group PLC’s holdings in Alpha Metallurgical Resources were worth $4,578,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in AMR. Pacer Advisors Inc. raised its holdings in Alpha Metallurgical Resources by 30.2% in the 3rd quarter. Pacer Advisors Inc. now owns 798,584 shares of the energy company’s stock valued at $188,610,000 after acquiring an additional 185,376 shares in the last quarter. American Century Companies Inc. increased its position in shares of Alpha Metallurgical Resources by 6.0% during the second quarter. American Century Companies Inc. now owns 305,726 shares of the energy company’s stock valued at $85,765,000 after purchasing an additional 17,261 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of Alpha Metallurgical Resources by 4.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 162,883 shares of the energy company’s stock valued at $38,470,000 after purchasing an additional 7,241 shares in the last quarter. Jupiter Asset Management Ltd. lifted its position in Alpha Metallurgical Resources by 6.7% in the second quarter. Jupiter Asset Management Ltd. now owns 106,289 shares of the energy company’s stock worth $29,817,000 after purchasing an additional 6,646 shares during the period. Finally, Goehring & Rozencwajg Associates LLC boosted its stake in Alpha Metallurgical Resources by 13.1% during the second quarter. Goehring & Rozencwajg Associates LLC now owns 69,847 shares of the energy company’s stock worth $19,594,000 after buying an additional 8,100 shares in the last quarter. 84.29% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have recently commented on AMR. Benchmark reaffirmed a “hold” rating on shares of Alpha Metallurgical Resources in a report on Monday, November 4th. B. Riley cut their price target 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.

Alpha Metallurgical Resources Price Performance

Shares of AMR stock opened at $235.52 on Wednesday. The stock’s fifty day simple moving average is $228.30 and its 200 day simple moving average is $253.74. 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 8.64 and a beta of 1.46.

Alpha Metallurgical Resources (NYSE:AMR) last issued its earnings results on Friday, November 1st. The energy company reported $0.29 EPS for the quarter, missing the consensus estimate of $1.60 by ($1.31). The firm had revenue of $671.90 million during the quarter, compared to analyst estimates of $672.95 million. Alpha Metallurgical Resources had a net margin of 11.08% and a return on equity of 22.65%. The firm’s revenue for the quarter was down 9.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $6.65 EPS. On average, research analysts anticipate that Alpha Metallurgical Resources, Inc. will post 16.87 earnings per share for the current year.

About Alpha Metallurgical Resources

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.