GAMMA Investing LLC Has $4.38 Million Holdings in Alpha Metallurgical Resources, Inc. (NYSE:AMR)

GAMMA Investing LLC grew its position in Alpha Metallurgical Resources, Inc. (NYSE:AMR - Free Report) by 11,100.3% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 34,945 shares of the energy company's stock after acquiring an additional 34,633 shares during the period. GAMMA Investing LLC owned 0.27% of Alpha Metallurgical Resources worth $4,377,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of AMR. Norges Bank bought a new position in shares of Alpha Metallurgical Resources in the fourth quarter valued at approximately $26,332,000. Jacobs Levy Equity Management Inc. bought a new position in Alpha Metallurgical Resources in the 4th quarter worth approximately $6,958,000. American Century Companies Inc. raised its position in Alpha Metallurgical Resources by 9.8% in the 4th quarter. American Century Companies Inc. now owns 359,006 shares of the energy company's stock worth $71,844,000 after purchasing an additional 32,027 shares during the last quarter. Nomura Holdings Inc. raised its position in Alpha Metallurgical Resources by 1,706.0% in the 4th quarter. Nomura Holdings Inc. now owns 30,702 shares of the energy company's stock worth $6,144,000 after purchasing an additional 29,002 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in Alpha Metallurgical Resources by 4.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 736,379 shares of the energy company's stock worth $147,366,000 after purchasing an additional 28,225 shares during the last quarter. Institutional investors own 84.29% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on AMR. Wall Street Zen cut shares of Alpha Metallurgical Resources from a "hold" rating to a "sell" rating in a research report on Thursday, May 22nd. B. Riley dropped their price objective on shares of Alpha Metallurgical Resources from $183.00 to $181.00 and set a "buy" rating for the company in a research report on Thursday, May 15th.

Alpha Metallurgical Resources Stock Performance

AMR traded up $2.19 during trading on Friday, reaching $112.49. 229,739 shares of the company's stock were exchanged, compared to its average volume of 244,660. The company's fifty day moving average price is $118.89 and its 200-day moving average price is $156.41. Alpha Metallurgical Resources, Inc. has a fifty-two week low of $100.00 and a fifty-two week high of $334.72. The firm has a market capitalization of $1.47 billion, a PE ratio of 4.13 and a beta of 0.68.

Alpha Metallurgical Resources (NYSE:AMR - Get Free Report) last announced its quarterly earnings results on Friday, May 9th. The energy company reported ($2.60) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.06) by ($1.54). Alpha Metallurgical Resources had a net margin of 11.08% and a return on equity of 22.65%. The firm had revenue of $531.96 million during the quarter, compared to analyst estimates of $586.15 million. During the same period last year, the firm earned $9.59 EPS. Alpha Metallurgical Resources's quarterly revenue was down 38.4% on a year-over-year basis. Research analysts forecast that Alpha Metallurgical Resources, Inc. will post 14.31 earnings per share for the current fiscal 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.