Teacher Retirement System of Texas Decreases Stock Holdings in Alpha Metallurgical Resources, Inc. (NYSE:AMR)

Teacher Retirement System of Texas cut its stake in shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR - Free Report) by 43.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 13,003 shares of the energy company's stock after selling 9,924 shares during the quarter. Teacher Retirement System of Texas owned approximately 0.10% of Alpha Metallurgical Resources worth $1,629,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Dimensional Fund Advisors LP increased its stake in 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 lifted its stake in shares of Alpha Metallurgical Resources by 0.8% in the 4th 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 during the period. Dalal Street LLC increased its holdings in Alpha Metallurgical Resources by 1.6% in the fourth quarter. Dalal Street LLC now owns 487,251 shares of the energy company's stock valued at $97,509,000 after buying an additional 7,553 shares in the last quarter. American Century Companies Inc. raised its stake in shares of Alpha Metallurgical Resources by 9.8% during the 4th quarter. American Century Companies Inc. now owns 359,006 shares of the energy company's stock worth $71,844,000 after buying an additional 32,027 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its stake in Alpha Metallurgical Resources by 12.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 183,519 shares of the energy company's stock valued at $36,726,000 after purchasing an additional 20,636 shares during the last quarter. 84.29% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Jefferies Financial Group initiated coverage on Alpha Metallurgical Resources in a research report on Tuesday, July 1st. They set a "hold" rating and a $110.00 price objective for the company. Wall Street Zen cut Alpha Metallurgical Resources from a "hold" rating to a "sell" rating in a research note on Thursday, May 22nd. Finally, B. Riley cut their target price 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.

Alpha Metallurgical Resources Trading Up 4.6%

Alpha Metallurgical Resources stock opened at $122.85 on Friday. The firm has a market capitalization of $1.60 billion, a P/E ratio of 60.82 and a beta of 0.66. The stock has a fifty day moving average price of $114.94 and a 200 day moving average price of $140.50. Alpha Metallurgical Resources, Inc. has a 52 week low of $97.41 and a 52 week high of $326.69.

Alpha Metallurgical Resources (NYSE:AMR - Get Free Report) last issued its earnings results on Friday, May 9th. The energy company reported ($2.60) earnings per share for the quarter, missing the consensus estimate of ($1.06) by ($1.54). Alpha Metallurgical Resources had a return on equity of 1.62% and a net margin of 1.01%. The company had revenue of $531.96 million during the quarter, compared to analysts' expectations of $586.15 million. During the same period in the previous year, the company earned $9.59 EPS. Alpha Metallurgical Resources's quarterly revenue was down 38.4% on a year-over-year basis. As a group, equities analysts predict 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.

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