Teacher Retirement System of Texas Cuts Stake in Alpha Metallurgical Resources, Inc. (NYSE:AMR)

Teacher Retirement System of Texas cut its holdings in Alpha Metallurgical Resources, Inc. (NYSE:AMR - Free Report) by 43.3% during the 1st quarter, according to the company in its most recent disclosure with the SEC. 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 0.10% of Alpha Metallurgical Resources worth $1,629,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of AMR. Dalal Street LLC raised its stake in shares of Alpha Metallurgical Resources by 1.6% in 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. GAMMA Investing LLC lifted its stake in Alpha Metallurgical Resources by 11,100.3% during the 1st quarter. GAMMA Investing LLC now owns 34,945 shares of the energy company's stock valued at $4,377,000 after acquiring an additional 34,633 shares in the last quarter. Sei Investments Co. boosted its holdings in Alpha Metallurgical Resources by 36.8% during the 4th quarter. Sei Investments Co. now owns 10,786 shares of the energy company's stock worth $2,158,000 after acquiring an additional 2,903 shares during the last quarter. SG Americas Securities LLC grew its stake in shares of Alpha Metallurgical Resources by 204.5% in the 1st quarter. SG Americas Securities LLC now owns 8,376 shares of the energy company's stock worth $1,049,000 after acquiring an additional 5,625 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of Alpha Metallurgical Resources in the fourth quarter valued at about $26,332,000. Institutional investors own 84.29% of the company's stock.

Wall Street Analysts Forecast Growth

AMR has been the topic of a number of recent analyst reports. B. Riley dropped their price target on Alpha Metallurgical Resources from $183.00 to $181.00 and set a "buy" rating on the stock in a report on Thursday, May 15th. Wall Street Zen downgraded shares of Alpha Metallurgical Resources from a "hold" rating to a "sell" rating in a report on Thursday, May 22nd. Finally, Jefferies Financial Group began coverage on shares of Alpha Metallurgical Resources in a report on Tuesday, July 1st. They set a "hold" rating and a $110.00 price objective for the company.

Alpha Metallurgical Resources Price Performance

Shares of AMR traded up $0.20 during trading hours on Tuesday, hitting $117.29. The company's stock had a trading volume of 139,418 shares, compared to its average volume of 259,330. The business has a 50 day simple moving average of $114.94 and a two-hundred day simple moving average of $139.68. Alpha Metallurgical Resources, Inc. has a 52-week low of $97.41 and a 52-week high of $326.69. The company has a market cap of $1.53 billion, a price-to-earnings ratio of 58.14 and a beta of 0.66.

Alpha Metallurgical Resources (NYSE:AMR - Get Free Report) last released its quarterly earnings data on Friday, May 9th. The energy company reported ($2.60) EPS for the quarter, missing the consensus estimate of ($1.06) by ($1.54). The business had revenue of $531.96 million during the quarter, compared to the consensus estimate of $586.15 million. Alpha Metallurgical Resources had a return on equity of 1.62% and a net margin of 1.01%. The firm's quarterly revenue was down 38.4% on a year-over-year basis. During the same period last year, the business posted $9.59 earnings per share. Research analysts predict that Alpha Metallurgical Resources, Inc. will post 14.31 earnings per share for the current 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.