Alpha Metallurgical Resources, Inc. (NYSE:AMR) Short Interest Update

Alpha Metallurgical Resources, Inc. (NYSE:AMR) saw a large drop in short interest in the month of October. As of October 31st, there was short interest totalling 931,500 shares, a drop of 6.9% from the October 15th total of 1,000,000 shares. Based on an average daily volume of 221,800 shares, the days-to-cover ratio is presently 4.2 days. Currently, 8.6% of the company’s shares are short sold.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Benchmark reiterated a “hold” rating on shares of Alpha Metallurgical Resources in a report on Monday, November 4th. B. Riley lowered their price objective on 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.

Institutional Trading of Alpha Metallurgical Resources

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Janus Henderson Group PLC grew its holdings 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 in the last quarter. Stratos Wealth Advisors LLC grew its stake in Alpha Metallurgical Resources by 50.3% in the third quarter. Stratos Wealth Advisors LLC now owns 9,878 shares of the energy company’s stock valued at $2,333,000 after purchasing an additional 3,305 shares in the last quarter. Old West Investment Management LLC grew its stake in Alpha Metallurgical Resources by 177.2% in 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 purchasing an additional 4,121 shares in the last quarter. Edgestream Partners L.P. acquired a new stake in shares of Alpha Metallurgical Resources in the first quarter worth about $677,000. Finally, Invst LLC acquired a new stake in shares of Alpha Metallurgical Resources in the first quarter worth about $681,000. Institutional investors own 84.29% of the company’s stock.

Alpha Metallurgical Resources Trading Up 0.4 %

Shares of AMR opened at $236.01 on Monday. The firm has a market cap of $3.07 billion, a price-to-earnings ratio of 8.66 and a beta of 1.33. The stock has a 50 day moving average of $218.68 and a 200-day moving average of $260.68. Alpha Metallurgical Resources has a 52 week low of $185.00 and a 52 week high of $452.00.

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