6,528 Shares in Alpha Metallurgical Resources, Inc. (NYSE:AMR) Acquired by Point72 Hong Kong Ltd

Point72 Hong Kong Ltd bought a new stake in Alpha Metallurgical Resources, Inc. (NYSE:AMR - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 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 have also made changes to their positions in AMR. ProShare Advisors LLC boosted its stake in Alpha Metallurgical Resources by 44.4% during the 4th quarter. ProShare Advisors LLC now owns 3,312 shares of the energy company's stock valued at $663,000 after acquiring an additional 1,019 shares during the last quarter. Malaga Cove Capital LLC boosted its stake in Alpha Metallurgical Resources by 57.1% during the 4th quarter. Malaga Cove Capital LLC now owns 3,132 shares of the energy company's stock valued at $627,000 after acquiring an additional 1,138 shares during the last quarter. Man Group plc boosted its stake in Alpha Metallurgical Resources by 22.0% during the 4th quarter. Man Group plc now owns 11,051 shares of the energy company's stock valued at $2,212,000 after acquiring an additional 1,995 shares during the last quarter. Nomura Holdings Inc. boosted its stake in Alpha Metallurgical Resources by 1,706.0% during the 4th quarter. Nomura Holdings Inc. now owns 30,702 shares of the energy company's stock valued at $6,144,000 after acquiring an additional 29,002 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Alpha Metallurgical Resources by 4.3% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,253 shares of the energy company's stock valued at $1,251,000 after acquiring an additional 257 shares during the last quarter. 84.29% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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, May 15th.

Alpha Metallurgical Resources Stock Up 1.1%

Alpha Metallurgical Resources stock traded up $1.41 during trading hours on Wednesday, hitting $124.57. 44,227 shares of the company traded hands, compared to its average volume of 235,772. The firm has a market cap of $1.63 billion, a P/E ratio of 4.56 and a beta of 0.72. The firm's 50-day simple moving average is $122.77 and its two-hundred day simple moving average is $171.52. Alpha Metallurgical Resources, Inc. has a 1-year low of $100.00 and a 1-year high of $334.72.

Alpha Metallurgical Resources (NYSE:AMR - Get Free Report) last announced 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). Alpha Metallurgical Resources had a return on equity of 22.65% and a net margin of 11.08%. The firm had revenue of $531.96 million during the quarter, compared to analyst estimates of $586.15 million. During the same quarter in the previous year, the business earned $9.59 earnings per share. The business's quarterly revenue was down 38.4% compared to the same quarter last year. On average, equities research 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.