Northern Trust Corp Boosts Stock Holdings in Alpha Metallurgical Resources, Inc. (NYSE:AMR)

Northern Trust Corp increased its position in Alpha Metallurgical Resources, Inc. (NYSE:AMR - Free Report) by 6.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 121,652 shares of the energy company's stock after buying an additional 6,905 shares during the period. Northern Trust Corp owned 0.93% of Alpha Metallurgical Resources worth $24,345,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Dimensional Fund Advisors LP raised its holdings in shares of Alpha Metallurgical Resources by 4.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 736,379 shares of the energy company's stock worth $147,366,000 after buying an additional 28,225 shares during the period. Renaissance Technologies LLC raised its holdings in shares of Alpha Metallurgical Resources by 0.8% in the fourth quarter. Renaissance Technologies LLC now owns 540,215 shares of the energy company's stock worth $108,108,000 after buying an additional 4,200 shares during the period. Dalal Street LLC raised its holdings in shares of Alpha Metallurgical Resources by 1.6% in the fourth quarter. Dalal Street LLC now owns 487,251 shares of the energy company's stock worth $97,509,000 after buying an additional 7,553 shares during the period. American Century Companies Inc. raised its holdings in shares of Alpha Metallurgical Resources by 9.8% in the fourth quarter. American Century Companies Inc. now owns 359,006 shares of the energy company's stock worth $71,844,000 after buying an additional 32,027 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Alpha Metallurgical Resources by 12.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 183,519 shares of the energy company's stock worth $36,726,000 after buying an additional 20,636 shares during the period. 84.29% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, B. Riley reduced their price target on Alpha Metallurgical Resources from $183.00 to $181.00 and set a "buy" rating on the stock in a report on Thursday.

Alpha Metallurgical Resources Stock Performance

AMR traded up $4.12 during trading on Friday, hitting $125.61. 222,826 shares of the stock were exchanged, compared to its average volume of 237,230. The firm has a 50 day simple moving average of $123.11 and a 200 day simple moving average of $172.41. The firm has a market cap of $1.64 billion, a price-to-earnings ratio of 4.61 and a beta of 0.72. 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 announced 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 business had revenue of $531.96 million for the quarter, compared to analysts' expectations of $586.15 million. During the same quarter last year, the firm earned $9.59 earnings per share. The firm's quarterly revenue was down 38.4% compared to the same quarter last year. As a group, equities analysts anticipate 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.