Point72 Hong Kong Ltd Takes $1.31 Million Position in Alpha Metallurgical Resources, Inc. (NYSE:AMR)

Point72 Hong Kong Ltd purchased a new stake in Alpha Metallurgical Resources, Inc. (NYSE:AMR - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 6,528 shares of the energy company's stock, valued at approximately $1,306,000. Point72 Hong Kong Ltd owned 0.05% of Alpha Metallurgical Resources at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in AMR. Norges Bank bought a new stake in Alpha Metallurgical Resources in the fourth quarter valued at approximately $26,332,000. Jacobs Levy Equity Management Inc. bought a new stake in shares of Alpha Metallurgical Resources in the 4th quarter valued at $6,958,000. American Century Companies Inc. boosted its stake 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 valued at $71,844,000 after purchasing an additional 32,027 shares during the last quarter. Nomura Holdings Inc. increased its position in shares of Alpha Metallurgical Resources by 1,706.0% during the fourth quarter. Nomura Holdings Inc. now owns 30,702 shares of the energy company's stock worth $6,144,000 after buying an additional 29,002 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake 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 worth $147,366,000 after buying an additional 28,225 shares during the last quarter. Institutional investors and hedge funds own 84.29% of the company's stock.

Alpha Metallurgical Resources Price Performance

Shares of Alpha Metallurgical Resources stock traded down $2.68 on Monday, hitting $122.73. 210,563 shares of the company's stock traded hands, compared to its average volume of 237,123. The company has a fifty day moving average of $123.11 and a two-hundred day moving average of $172.41. Alpha Metallurgical Resources, Inc. has a one year low of $100.00 and a one year high of $334.72. The company has a market capitalization of $1.60 billion, a price-to-earnings ratio of 4.50 and a beta of 0.72.

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 (EPS) for the quarter, missing the consensus estimate of ($1.06) by ($1.54). The business 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 quarterly revenue was down 38.4% compared to the same quarter last year. During the same period last year, the firm posted $9.59 earnings per share. Equities research analysts anticipate that Alpha Metallurgical Resources, Inc. will post 14.31 earnings per share for the current year.

Analysts Set New Price Targets

Separately, B. Riley dropped their target price on shares of Alpha Metallurgical Resources from $183.00 to $181.00 and set a "buy" rating on the stock in a 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.