Mackenzie Financial Corp Invests $1 Million in Alpha Metallurgical Resources, Inc. (NYSE:AMR)

Mackenzie Financial Corp purchased a new stake in Alpha Metallurgical Resources, Inc. (NYSE:AMR - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 5,002 shares of the energy company's stock, valued at approximately $1,001,000.

Other hedge funds have also bought and sold shares of the company. Dimensional Fund Advisors LP increased its position in shares of Alpha Metallurgical Resources by 4.0% in the fourth 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 period. Renaissance Technologies LLC raised its position in Alpha Metallurgical Resources by 0.8% during the fourth quarter. Renaissance Technologies LLC now owns 540,215 shares of the energy company's stock valued at $108,108,000 after purchasing an additional 4,200 shares in the last quarter. Dalal Street LLC lifted its stake in Alpha Metallurgical Resources by 1.6% during the fourth quarter. Dalal Street LLC now owns 487,251 shares of the energy company's stock worth $97,509,000 after purchasing an additional 7,553 shares during the last quarter. American Century Companies Inc. increased its stake in shares of 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 valued at $71,844,000 after purchasing an additional 32,027 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Alpha Metallurgical Resources by 12.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 183,519 shares of the energy company's stock worth $36,726,000 after buying an additional 20,636 shares during the last quarter. 84.29% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently commented on AMR shares. B. Riley dropped their price target on Alpha Metallurgical Resources from $183.00 to $181.00 and set a "buy" rating for the company in a research note on Thursday, May 15th. 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.

Alpha Metallurgical Resources Price Performance

Shares of Alpha Metallurgical Resources stock traded down $3.18 during midday trading on Friday, reaching $112.46. The company had a trading volume of 283,571 shares, compared to its average volume of 240,391. The firm has a market cap of $1.47 billion, a PE ratio of 4.13 and a beta of 0.72. The stock has a fifty day moving average price of $120.93 and a 200 day moving average price of $165.02. Alpha Metallurgical Resources, Inc. has a fifty-two week low of $100.00 and a fifty-two week high of $334.72.

Alpha Metallurgical Resources (NYSE:AMR - Get Free Report) last issued 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 business 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 posted $9.59 earnings per share. Alpha Metallurgical Resources's quarterly revenue was down 38.4% compared to the same quarter last year. As a group, sell-side analysts forecast that Alpha Metallurgical Resources, Inc. will post 14.31 EPS for the current year.

Alpha Metallurgical Resources Company 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.