Jacobs Levy Equity Management Inc. Invests $6.96 Million in Alpha Metallurgical Resources, Inc. (NYSE:AMR)

Jacobs Levy Equity Management Inc. purchased a new position in Alpha Metallurgical Resources, Inc. (NYSE:AMR - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 34,771 shares of the energy company's stock, valued at approximately $6,958,000. Jacobs Levy Equity Management Inc. owned 0.27% of Alpha Metallurgical Resources as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of AMR. Dimensional Fund Advisors LP boosted its position in Alpha Metallurgical Resources by 4.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 736,379 shares of the energy company's stock valued at $147,366,000 after purchasing an additional 28,225 shares in the last quarter. Renaissance Technologies LLC boosted its holdings 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 in the last quarter. Dalal Street LLC boosted 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 buying an additional 7,553 shares in the last quarter. American Century Companies Inc. grew its position in shares of Alpha Metallurgical Resources by 9.8% in the 4th quarter. American Century Companies Inc. now owns 359,006 shares of the energy company's stock worth $71,844,000 after buying an additional 32,027 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Alpha Metallurgical Resources by 12.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 183,519 shares of the energy company's stock worth $36,726,000 after acquiring an additional 20,636 shares in the last quarter. 84.29% of the stock is currently owned by institutional investors.

Alpha Metallurgical Resources Stock Performance

AMR stock traded down $2.03 during midday trading on Monday, reaching $123.38. The stock had a trading volume of 45,820 shares, compared to its average volume of 236,497. The firm has a fifty day simple moving average of $123.11 and a two-hundred day simple moving average of $172.41. Alpha Metallurgical Resources, Inc. has a 52-week low of $100.00 and a 52-week high of $334.72. The stock has a market cap of $1.61 billion, a PE ratio of 4.52 and a beta of 0.72.

Alpha Metallurgical Resources (NYSE:AMR - Get Free Report) last posted its quarterly earnings results on Friday, May 9th. The energy company reported ($2.60) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($1.06) by ($1.54). The business had revenue of $531.96 million for the quarter, compared to analysts' expectations of $586.15 million. Alpha Metallurgical Resources had a return on equity of 22.65% and a net margin of 11.08%. The business's quarterly revenue was down 38.4% compared to the same quarter last year. During the same period in the prior year, the business posted $9.59 earnings per share. On average, sell-side analysts predict that Alpha Metallurgical Resources, Inc. will post 14.31 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, B. Riley reduced their price target on Alpha Metallurgical Resources from $183.00 to $181.00 and set a "buy" rating on the stock in a research report on Thursday.

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.