Dimensional Fund Advisors LP Buys 28,225 Shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR)

Dimensional Fund Advisors LP raised its holdings in shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR - Free Report) by 4.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 736,379 shares of the energy company's stock after acquiring an additional 28,225 shares during the period. Dimensional Fund Advisors LP owned about 5.66% of Alpha Metallurgical Resources worth $147,366,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the business. New Age Alpha Advisors LLC purchased a new stake in shares of Alpha Metallurgical Resources in the 4th quarter valued at $40,000. FNY Investment Advisers LLC bought a new stake in Alpha Metallurgical Resources in the fourth quarter worth $50,000. PNC Financial Services Group Inc. boosted its position in Alpha Metallurgical Resources by 127.6% during the fourth quarter. PNC Financial Services Group Inc. now owns 289 shares of the energy company's stock valued at $58,000 after buying an additional 162 shares during the period. GAMMA Investing LLC grew its stake in shares of Alpha Metallurgical Resources by 127.7% during the fourth quarter. GAMMA Investing LLC now owns 312 shares of the energy company's stock valued at $62,000 after buying an additional 175 shares during the last quarter. Finally, Jones Financial Companies Lllp purchased a new position in shares of Alpha Metallurgical Resources in the fourth quarter worth about $82,000. 84.29% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Alpha Metallurgical Resources Stock Down 1.2 %

Shares of Alpha Metallurgical Resources stock traded down $1.47 on Wednesday, hitting $121.56. The stock had a trading volume of 273,060 shares, compared to its average volume of 230,583. The stock's 50-day simple moving average is $127.08 and its two-hundred day simple moving average is $180.08. Alpha Metallurgical Resources, Inc. has a one year low of $100.00 and a one year high of $334.72. The stock has a market cap of $1.59 billion, a price-to-earnings ratio of 4.46 and a beta of 1.08.

Alpha Metallurgical Resources (NYSE:AMR - Get Free Report) last released its quarterly earnings data on Friday, February 28th. The energy company reported ($0.16) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.07) by ($0.09). The firm had revenue of $617.30 million during the quarter, compared to analysts' expectations of $658.20 million. Alpha Metallurgical Resources had a net margin of 11.08% and a return on equity of 22.65%. Alpha Metallurgical Resources's revenue was down 35.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $12.88 EPS. As a group, equities analysts predict that Alpha Metallurgical Resources, Inc. will post 14.31 EPS 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.