Algert Global LLC Boosts Stock Holdings in Alpha Metallurgical Resources, Inc. (NYSE:AMR)

Algert Global LLC lifted its holdings in Alpha Metallurgical Resources, Inc. (NYSE:AMR - Free Report) by 157.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,128 shares of the energy company's stock after purchasing an additional 5,584 shares during the period. Algert Global LLC owned about 0.07% of Alpha Metallurgical Resources worth $1,827,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. PDT Partners LLC purchased a new position in shares of Alpha Metallurgical Resources in the 4th quarter valued at about $1,024,000. Northern Trust Corp increased its stake in shares of Alpha Metallurgical Resources by 6.0% in the 4th quarter. Northern Trust Corp now owns 121,652 shares of the energy company's stock valued at $24,345,000 after purchasing an additional 6,905 shares in the last quarter. Susquehanna Fundamental Investments LLC purchased a new stake in Alpha Metallurgical Resources during the 4th quarter worth approximately $2,528,000. State of Tennessee Department of Treasury increased its stake in Alpha Metallurgical Resources by 123.5% during the 4th quarter. State of Tennessee Department of Treasury now owns 6,050 shares of the energy company's stock worth $1,211,000 after buying an additional 3,343 shares in the last quarter. Finally, MetLife Investment Management LLC increased its stake in Alpha Metallurgical Resources by 3.4% during the 4th quarter. MetLife Investment Management LLC now owns 6,621 shares of the energy company's stock worth $1,325,000 after buying an additional 219 shares in the last quarter. Hedge funds and other institutional investors own 84.29% of the company's stock.

Alpha Metallurgical Resources Stock Up 7.2%

Shares of Alpha Metallurgical Resources stock traded up $8.54 on Tuesday, hitting $127.55. 369,909 shares of the company were exchanged, compared to its average volume of 235,014. The stock has a market capitalization of $1.66 billion, a price-to-earnings ratio of 4.68 and a beta of 0.72. The company has a 50-day moving average price of $124.06 and a 200 day moving average price of $174.77. 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 - Get Free Report) last issued 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). Alpha Metallurgical Resources had a return on equity of 22.65% and a net margin of 11.08%. The company had revenue of $531.96 million for the quarter, compared to analyst estimates of $586.15 million. During the same quarter in the prior year, the firm earned $9.59 earnings per share. The company's revenue for the quarter was down 38.4% on a year-over-year basis. Research analysts forecast that Alpha Metallurgical Resources, Inc. will post 14.31 EPS for the current year.

Analyst Ratings Changes

Separately, B. Riley cut their price objective on 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.

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.