Victory Capital Management Inc. Acquires 3,888 Shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR)

Victory Capital Management Inc. lifted its holdings in Alpha Metallurgical Resources, Inc. (NYSE:AMR - Free Report) by 18.3% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 25,185 shares of the energy company's stock after acquiring an additional 3,888 shares during the period. Victory Capital Management Inc. owned approximately 0.19% of Alpha Metallurgical Resources worth $3,154,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of AMR. Norges Bank bought a new stake in Alpha Metallurgical Resources in the 4th quarter valued at about $26,332,000. Jacobs Levy Equity Management Inc. bought a new stake in shares of Alpha Metallurgical Resources in the fourth quarter valued at approximately $6,958,000. GAMMA Investing LLC boosted its stake in shares of Alpha Metallurgical Resources by 11,100.3% in the first quarter. GAMMA Investing LLC now owns 34,945 shares of the energy company's stock valued at $4,377,000 after buying an additional 34,633 shares during the period. Nomura Holdings Inc. grew its position in Alpha Metallurgical Resources by 1,706.0% during the fourth quarter. Nomura Holdings Inc. now owns 30,702 shares of the energy company's stock worth $6,144,000 after buying an additional 29,002 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in Alpha Metallurgical Resources by 4.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 736,379 shares of the energy company's stock worth $147,366,000 after acquiring an additional 28,225 shares during the period. 84.29% of the stock is owned by institutional investors.

Alpha Metallurgical Resources Price Performance

Shares of NYSE:AMR opened at $134.52 on Monday. Alpha Metallurgical Resources, Inc. has a 1 year low of $97.41 and a 1 year high of $303.41. The stock has a market capitalization of $1.76 billion, a price-to-earnings ratio of 66.59 and a beta of 0.66. The company's 50 day simple moving average is $115.61 and its 200 day simple moving average is $134.90.

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 analysts' consensus estimates of ($1.06) by ($1.54). Alpha Metallurgical Resources had a net margin of 1.01% and a return on equity of 1.62%. The business had revenue of $531.96 million during the quarter, compared to analyst estimates of $586.15 million. During the same period in the prior year, the business posted $9.59 EPS. The company's revenue for the quarter was down 38.4% compared to the same quarter last year. As a group, analysts anticipate that Alpha Metallurgical Resources, Inc. will post 14.31 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. Wall Street Zen downgraded Alpha Metallurgical Resources from a "hold" rating to a "sell" rating in a research report on Thursday, May 22nd. Jefferies Financial Group started coverage on Alpha Metallurgical Resources in a research note on Tuesday, July 1st. They issued a "hold" rating and a $110.00 price target for the company. Finally, B. Riley cut their price objective on shares of Alpha Metallurgical Resources from $181.00 to $173.00 and set a "buy" rating for the company in a research report on Tuesday, July 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.

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