Canada Pension Plan Investment Board Invests $1.76 Million in Alpha Metallurgical Resources, Inc. (NYSE:AMR)

Canada Pension Plan Investment Board acquired a new position in shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 8,800 shares of the energy company's stock, valued at approximately $1,761,000. Canada Pension Plan Investment Board owned 0.07% of Alpha Metallurgical Resources at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Summit Investment Advisors Inc. boosted its holdings in Alpha Metallurgical Resources by 6.8% during the fourth quarter. Summit Investment Advisors Inc. now owns 1,150 shares of the energy company's stock valued at $230,000 after acquiring an additional 73 shares during the period. Bank of Montreal Can lifted its stake in shares of Alpha Metallurgical Resources by 6.0% in the fourth quarter. Bank of Montreal Can now owns 1,318 shares of the energy company's stock valued at $264,000 after buying an additional 75 shares during the period. X Square Capital LLC grew its position in Alpha Metallurgical Resources by 2.9% during the fourth quarter. X Square Capital LLC now owns 3,005 shares of the energy company's stock worth $601,000 after buying an additional 84 shares in the last quarter. Swiss National Bank increased its stake in Alpha Metallurgical Resources by 0.5% during the fourth quarter. Swiss National Bank now owns 21,700 shares of the energy company's stock valued at $4,343,000 after acquiring an additional 100 shares during the period. Finally, O Shaughnessy Asset Management LLC raised its holdings in Alpha Metallurgical Resources by 2.1% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 7,586 shares of the energy company's stock valued at $1,518,000 after acquiring an additional 159 shares in the last quarter. 84.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, B. Riley cut their target price 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.

Alpha Metallurgical Resources Trading Down 1.2 %

NYSE:AMR traded down $1.46 during mid-day trading on Tuesday, hitting $123.08. The company's stock had a trading volume of 26,642 shares, compared to its average volume of 228,936. The stock has a fifty day moving average of $128.48 and a 200-day moving average of $180.89. The company has a market capitalization of $1.61 billion, a price-to-earnings ratio of 4.51 and a beta of 1.08. Alpha Metallurgical Resources, Inc. has a fifty-two week low of $100.00 and a fifty-two week high of $346.90.

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