5,117 Shares in Alpha Metallurgical Resources, Inc. (NYSE:AMR) Bought by PDT Partners LLC

PDT Partners LLC purchased a new position in shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 5,117 shares of the energy company's stock, valued at approximately $1,024,000.

A number of other institutional investors also recently made changes to their positions in AMR. New Age Alpha Advisors LLC acquired a new stake in shares of Alpha Metallurgical Resources during the 4th quarter valued at $40,000. FNY Investment Advisers LLC acquired a new stake in shares of Alpha Metallurgical Resources during the fourth quarter worth approximately $50,000. PNC Financial Services Group Inc. grew its position in Alpha Metallurgical Resources by 127.6% during the fourth 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 in the last quarter. GAMMA Investing LLC increased its stake in Alpha Metallurgical Resources by 127.7% in the 4th quarter. GAMMA Investing LLC now owns 312 shares of the energy company's stock valued at $62,000 after buying an additional 175 shares during the period. Finally, Jones Financial Companies Lllp purchased a new stake in Alpha Metallurgical Resources in the 4th quarter worth approximately $82,000. 84.29% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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 research report on Friday, April 11th.

Alpha Metallurgical Resources Stock Down 0.8 %

Shares of AMR traded down $1.08 during mid-day trading on Tuesday, hitting $127.30. 57,811 shares of the company's stock were exchanged, compared to its average volume of 230,441. The stock has a market cap of $1.66 billion, a price-to-earnings ratio of 4.67 and a beta of 0.72. The firm has a fifty day moving average of $125.50 and a two-hundred day moving average of $177.63. Alpha Metallurgical Resources, Inc. has a twelve month low of $100.00 and a twelve month high of $334.72.

Alpha Metallurgical Resources (NYSE:AMR - Get Free Report) last released its quarterly earnings results on Friday, February 28th. The energy company reported ($0.16) EPS for the quarter, missing analysts' consensus estimates 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 firm had revenue of $617.30 million during the quarter, compared to the consensus estimate of $658.20 million. During the same period in the prior year, the business earned $12.88 EPS. The company's revenue for the quarter was down 35.7% compared to the same quarter last year. On average, equities analysts predict that Alpha Metallurgical Resources, Inc. will post 14.31 earnings per share for the current year.

Alpha Metallurgical Resources 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.