Alpha Metallurgical Resources, Inc. (NYSE:AMR) Shares Bought by Russell Investments Group Ltd.

Russell Investments Group Ltd. lifted its position in Alpha Metallurgical Resources, Inc. (NYSE:AMR - Free Report) by 86.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,228 shares of the energy company's stock after acquiring an additional 4,280 shares during the quarter. Russell Investments Group Ltd. owned 0.07% of Alpha Metallurgical Resources worth $1,847,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in the stock. Barclays PLC grew its position in shares of Alpha Metallurgical Resources by 309.2% during the 3rd quarter. Barclays PLC now owns 18,646 shares of the energy company's stock valued at $4,402,000 after acquiring an additional 14,089 shares during the period. Franklin Resources Inc. grew its holdings in Alpha Metallurgical Resources by 4.6% in the 3rd quarter. Franklin Resources Inc. now owns 18,344 shares of the energy company's stock valued at $4,105,000 after buying an additional 802 shares in the last quarter. GAMMA Investing LLC grew its holdings 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 in the last quarter. FNY Investment Advisers LLC purchased a new stake in Alpha Metallurgical Resources in the 4th quarter valued at $50,000. Finally, Wedge Capital Management L L P NC grew its holdings in Alpha Metallurgical Resources by 11.4% in the 4th quarter. Wedge Capital Management L L P NC now owns 4,247 shares of the energy company's stock valued at $850,000 after buying an additional 435 shares in 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 target on Alpha Metallurgical Resources from $272.00 to $183.00 and set a "buy" rating for the company in a report on Friday, April 11th.

Alpha Metallurgical Resources Stock Performance

AMR stock traded up $1.18 during mid-day trading on Thursday, reaching $125.63. The company had a trading volume of 25,116 shares, compared to its average volume of 228,885. The company has a market capitalization of $1.64 billion, a price-to-earnings ratio of 4.61 and a beta of 1.08. The firm has a fifty day simple moving average of $130.89 and a 200 day simple moving average of $183.55. Alpha Metallurgical Resources, Inc. has a fifty-two week low of $100.00 and a fifty-two week high of $347.60.

Alpha Metallurgical Resources (NYSE:AMR - Get Free Report) last issued its earnings results on Friday, February 28th. The energy company reported ($0.16) earnings per share for the quarter, missing the consensus estimate of ($0.07) by ($0.09). The business had revenue of $617.30 million for the quarter, compared to analyst estimates of $658.20 million. Alpha Metallurgical Resources had a return on equity of 22.65% and a net margin of 11.08%. Alpha Metallurgical Resources's revenue was down 35.7% on a year-over-year basis. During the same period last year, the business posted $12.88 EPS. As a group, analysts predict that Alpha Metallurgical Resources, Inc. will post 14.31 earnings per share for the current 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.