Gotham Asset Management LLC Has $2.98 Million Holdings in Alpha Metallurgical Resources, Inc. (NYSE:AMR)

Gotham Asset Management LLC grew its holdings in Alpha Metallurgical Resources, Inc. (NYSE:AMR - Free Report) by 854.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 14,888 shares of the energy company's stock after purchasing an additional 13,328 shares during the period. Gotham Asset Management LLC owned about 0.11% of Alpha Metallurgical Resources worth $2,979,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Dalal Street LLC raised its holdings in shares of Alpha Metallurgical Resources by 1.6% in the 4th quarter. Dalal Street LLC now owns 487,251 shares of the energy company's stock valued at $97,509,000 after purchasing an additional 7,553 shares during the period. Empowered Funds LLC lifted its position in shares of Alpha Metallurgical Resources by 69.7% in the fourth quarter. Empowered Funds LLC now owns 12,139 shares of the energy company's stock valued at $2,429,000 after buying an additional 4,985 shares during the last quarter. Ruffer LLP bought a new position in shares of Alpha Metallurgical Resources during the 4th quarter worth approximately $4,100,000. Barclays PLC boosted its stake in shares of Alpha Metallurgical Resources by 309.2% during the 3rd quarter. Barclays PLC now owns 18,646 shares of the energy company's stock worth $4,402,000 after acquiring an additional 14,089 shares during the period. Finally, Proficio Capital Partners LLC acquired a new position in shares of Alpha Metallurgical Resources during the 4th quarter worth approximately $3,564,000. 84.29% of the stock is owned by institutional investors.

Alpha Metallurgical Resources Stock Performance

AMR traded up $0.85 on Wednesday, reaching $124.01. The company had a trading volume of 25,039 shares, compared to its average volume of 235,676. The stock has a market cap of $1.62 billion, a P/E ratio of 4.55 and a beta of 0.72. Alpha Metallurgical Resources, Inc. has a fifty-two week low of $100.00 and a fifty-two week high of $334.72. The company's fifty day moving average is $122.77 and its 200 day moving average is $171.52.

Alpha Metallurgical Resources (NYSE:AMR - Get Free Report) last posted its earnings results 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 firm had revenue of $531.96 million during the quarter, compared to analyst estimates of $586.15 million. Alpha Metallurgical Resources had a net margin of 11.08% and a return on equity of 22.65%. Alpha Metallurgical Resources's revenue for the quarter was down 38.4% compared to the same quarter last year. During the same period in the previous year, the company posted $9.59 EPS. On average, sell-side analysts expect that Alpha Metallurgical Resources, Inc. will post 14.31 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, B. Riley cut their price target on Alpha Metallurgical Resources from $183.00 to $181.00 and set a "buy" rating for the company in a report on Thursday, May 15th.

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.