Mackenzie Financial Corp Acquires Shares of 5,002 Alpha Metallurgical Resources, Inc. (NYSE:AMR)

Mackenzie Financial Corp acquired a new position in Alpha Metallurgical Resources, Inc. (NYSE:AMR - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 5,002 shares of the energy company's stock, valued at approximately $1,001,000.

Other large investors have also recently made changes to their positions in the company. New Age Alpha Advisors LLC bought a new stake in Alpha Metallurgical Resources during the 4th quarter worth approximately $40,000. PNC Financial Services Group Inc. increased its stake in shares of Alpha Metallurgical Resources by 127.6% in the fourth quarter. PNC Financial Services Group Inc. now owns 289 shares of the energy company's stock worth $58,000 after purchasing an additional 162 shares in the last quarter. Public Employees Retirement System of Ohio bought a new stake in shares of Alpha Metallurgical Resources during the 4th quarter valued at $60,000. Jones Financial Companies Lllp purchased a new position in shares of Alpha Metallurgical Resources during the 4th quarter valued at $82,000. Finally, KBC Group NV boosted its holdings in Alpha Metallurgical Resources by 58.7% in the 4th quarter. KBC Group NV now owns 473 shares of the energy company's stock worth $95,000 after buying an additional 175 shares during the period. 84.29% of the stock is owned by hedge funds and other institutional investors.

Alpha Metallurgical Resources Trading Down 0.2%

Shares of NYSE:AMR traded down $0.18 during midday trading on Wednesday, reaching $111.33. 347,455 shares of the company were exchanged, compared to its average volume of 241,705. The stock has a market cap of $1.45 billion, a PE ratio of 4.09 and a beta of 0.72. The business's fifty day moving average is $119.81 and its two-hundred day moving average is $162.93. Alpha Metallurgical Resources, Inc. has a one year low of $100.00 and a one year high of $334.72.

Alpha Metallurgical Resources (NYSE:AMR - Get Free Report) last issued its quarterly earnings data on Friday, May 9th. The energy company reported ($2.60) earnings per share for the quarter, missing analysts' consensus estimates 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 for the quarter, compared to analysts' expectations of $586.15 million. During the same quarter in the previous year, the business earned $9.59 EPS. The company's revenue for the quarter was down 38.4% on a year-over-year basis. As a group, sell-side analysts expect that Alpha Metallurgical Resources, Inc. will post 14.31 EPS for the current year.

Analysts Set New Price Targets

AMR has been the topic of several research analyst reports. B. Riley lowered their price objective on Alpha Metallurgical Resources from $183.00 to $181.00 and set a "buy" rating on the stock in a research report on Thursday, May 15th. Wall Street Zen downgraded Alpha Metallurgical Resources from a "hold" rating to a "sell" rating in a research note on Thursday, May 22nd.

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.