Price T Rowe Associates Inc. MD Cuts Stock Position in Alpha Metallurgical Resources, Inc. (NYSE:AMR)

Price T Rowe Associates Inc. MD decreased its holdings in shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR - Free Report) by 4.9% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 108,075 shares of the energy company's stock after selling 5,612 shares during the quarter. Price T Rowe Associates Inc. MD owned 0.83% of Alpha Metallurgical Resources worth $21,629,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. New Age Alpha Advisors LLC purchased a new stake in shares of Alpha Metallurgical Resources during the fourth quarter valued at $40,000. FNY Investment Advisers LLC purchased a new stake in Alpha Metallurgical Resources in the 4th quarter valued at about $50,000. PNC Financial Services Group Inc. increased its position in shares of 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 worth $58,000 after acquiring an additional 162 shares during the period. GAMMA Investing LLC raised 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 acquiring an additional 175 shares in the last quarter. Finally, Jones Financial Companies Lllp purchased a new stake in shares of Alpha Metallurgical Resources in the fourth quarter valued at approximately $82,000. 84.29% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, B. Riley lowered 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 Performance

Alpha Metallurgical Resources stock traded down $2.23 during midday trading on Wednesday, hitting $126.46. 64,170 shares of the company's stock were exchanged, compared to its average volume of 229,443. The company has a market cap of $1.65 billion, a PE ratio of 4.62 and a beta of 0.72. The firm has a 50-day moving average of $125.10 and a two-hundred day moving average of $177.29. Alpha Metallurgical Resources, Inc. has a 12 month low of $100.00 and a 12 month high of $334.72.

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

Alpha Metallurgical Resources 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.