Gotham Asset Management LLC Increases Stock Position in Alpha Metallurgical Resources, Inc. (NYSE:AMR)

Gotham Asset Management LLC raised its holdings in shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR - Free Report) by 854.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor 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 0.11% of Alpha Metallurgical Resources worth $2,979,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. New Age Alpha Advisors LLC purchased a new stake in Alpha Metallurgical Resources in the fourth quarter valued at about $40,000. FNY Investment Advisers LLC acquired a new position in shares of Alpha Metallurgical Resources during the fourth quarter valued at about $50,000. PNC Financial Services Group Inc. raised its position in shares of Alpha Metallurgical Resources by 127.6% in the 4th quarter. PNC Financial Services Group Inc. now owns 289 shares of the energy company's stock valued at $58,000 after purchasing an additional 162 shares during the last quarter. Jones Financial Companies Lllp acquired a new stake in Alpha Metallurgical Resources in the 4th quarter worth approximately $82,000. Finally, KBC Group NV grew its position in Alpha Metallurgical Resources by 58.7% during the 4th quarter. KBC Group NV now owns 473 shares of the energy company's stock worth $95,000 after purchasing an additional 175 shares during the last quarter. Hedge funds and other institutional investors own 84.29% of the company's stock.

Analysts Set New Price Targets

Separately, B. Riley lowered their price objective on shares of Alpha Metallurgical Resources from $183.00 to $181.00 and set a "buy" rating for the company in a research note on Thursday.

Alpha Metallurgical Resources Price Performance

Alpha Metallurgical Resources stock traded down $2.68 during trading hours on Monday, hitting $122.73. 210,563 shares of the stock traded hands, compared to its average volume of 237,123. Alpha Metallurgical Resources, Inc. has a 1 year low of $100.00 and a 1 year high of $334.72. The stock has a market capitalization of $1.60 billion, a price-to-earnings ratio of 4.50 and a beta of 0.72. The firm's 50 day moving average price is $123.11 and its 200-day moving average price is $172.41.

Alpha Metallurgical Resources (NYSE:AMR - Get Free Report) last issued its quarterly 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 22.65% and a net margin of 11.08%. The business had revenue of $531.96 million during the quarter, compared to analyst estimates of $586.15 million. During the same quarter last year, the company posted $9.59 EPS. Alpha Metallurgical Resources's quarterly revenue was down 38.4% compared to the same quarter last year. Research analysts forecast that Alpha Metallurgical Resources, Inc. will post 14.31 earnings per share for the current fiscal 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.