State of Tennessee Department of Treasury Raises Stock Position in Alpha Metallurgical Resources, Inc. (NYSE:AMR)

State of Tennessee Department of Treasury increased its stake in shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR - Free Report) by 123.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 6,050 shares of the energy company's stock after acquiring an additional 3,343 shares during the quarter. State of Tennessee Department of Treasury's holdings in Alpha Metallurgical Resources were worth $1,211,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Dalal Street LLC raised its position in shares of 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 buying an additional 7,553 shares in the last quarter. Empowered Funds LLC increased its stake in Alpha Metallurgical Resources by 69.7% during the fourth quarter. Empowered Funds LLC now owns 12,139 shares of the energy company's stock worth $2,429,000 after acquiring an additional 4,985 shares during the last quarter. Ruffer LLP purchased a new stake in Alpha Metallurgical Resources during the fourth quarter valued at approximately $4,100,000. Barclays PLC lifted its stake in shares of Alpha Metallurgical Resources by 309.2% in the 3rd quarter. Barclays PLC now owns 18,646 shares of the energy company's stock valued at $4,402,000 after purchasing an additional 14,089 shares during the last quarter. Finally, Proficio Capital Partners LLC purchased a new position in shares of Alpha Metallurgical Resources in the 4th quarter worth approximately $3,564,000. 84.29% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, B. Riley decreased their price target on Alpha Metallurgical Resources from $272.00 to $183.00 and set a "buy" rating on the stock in a report on Friday, April 11th.

Alpha Metallurgical Resources Price Performance

Shares of Alpha Metallurgical Resources stock traded down $1.66 during trading on Tuesday, hitting $126.73. The stock had a trading volume of 37,414 shares, compared to its average volume of 230,350. The stock has a market cap of $1.65 billion, a PE ratio of 4.64 and a beta of 0.72. Alpha Metallurgical Resources, Inc. has a 12 month low of $100.00 and a 12 month high of $334.72. The firm's fifty day simple moving average is $125.50 and its 200-day simple moving average is $177.63.

Alpha Metallurgical Resources (NYSE:AMR - Get Free Report) last announced its earnings results on Friday, February 28th. The energy company reported ($0.16) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.09). Alpha Metallurgical Resources had a net margin of 11.08% and a return on equity of 22.65%. The business had revenue of $617.30 million for the quarter, compared to analysts' expectations of $658.20 million. During the same quarter last year, the firm earned $12.88 EPS. The firm's quarterly revenue was down 35.7% on a year-over-year basis. Analysts expect that Alpha Metallurgical Resources, Inc. will post 14.31 earnings per share for the current fiscal year.

Alpha Metallurgical Resources Company 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.