Alpha Metallurgical Resources, Inc. (NYSE:AMR) Shares Acquired by First Trust Advisors LP

First Trust Advisors LP lifted its holdings in shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR - Free Report) by 279.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 29,295 shares of the energy company's stock after purchasing an additional 21,575 shares during the quarter. First Trust Advisors LP owned about 0.23% of Alpha Metallurgical Resources worth $5,863,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently bought and sold shares of the stock. Renaissance Technologies LLC boosted 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 buying an additional 4,200 shares during the period. Dalal Street LLC grew its holdings in Alpha Metallurgical Resources by 1.6% during the 4th quarter. Dalal Street LLC now owns 487,251 shares of the energy company's stock worth $97,509,000 after acquiring an additional 7,553 shares in the last quarter. American Century Companies Inc. grew its holdings in 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 acquiring an additional 32,027 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of 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. Finally, Norges Bank acquired a new stake in shares of Alpha Metallurgical Resources in the 4th quarter valued at $26,332,000. Hedge funds and other institutional investors own 84.29% of the company's stock.

Wall Street Analyst Weigh In

Separately, B. Riley dropped their target price on Alpha Metallurgical Resources from $272.00 to $183.00 and set a "buy" rating on the stock in a report on Friday, April 11th.

Alpha Metallurgical Resources Stock Performance

AMR stock traded down $2.61 during midday trading on Tuesday, reaching $125.77. 33,814 shares of the company were exchanged, compared to its average volume of 290,909. The company has a market cap of $1.64 billion, a price-to-earnings ratio of 4.63 and a beta of 0.72. Alpha Metallurgical Resources, Inc. has a 1-year low of $100.00 and a 1-year high of $334.72. The stock's 50-day simple moving average is $125.50 and its 200 day simple moving average is $177.63.

Alpha Metallurgical Resources (NYSE:AMR - Get Free Report) last released its quarterly earnings data on Friday, February 28th. The energy company reported ($0.16) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.09). Alpha Metallurgical Resources had a net margin of 11.08% and a return on equity of 22.65%. The company had revenue of $617.30 million during the quarter, compared to analyst estimates of $658.20 million. During the same quarter in the prior year, the company earned $12.88 EPS. The business's revenue was down 35.7% on a year-over-year basis. On average, research analysts anticipate that Alpha Metallurgical Resources, Inc. will post 14.31 earnings per share 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.