Alpha Metallurgical Resources, Inc. (NYSE:AMR) Shares Sold by Texas Permanent School Fund Corp

Texas Permanent School Fund Corp trimmed its position in Alpha Metallurgical Resources, Inc. (NYSE:AMR) by 6.4% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,687 shares of the energy company’s stock after selling 660 shares during the period. Texas Permanent School Fund Corp owned about 0.07% of Alpha Metallurgical Resources worth $2,717,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Quadrant Capital Group LLC acquired a new position in Alpha Metallurgical Resources in the fourth quarter valued at $35,000. Creekmur Asset Management LLC purchased a new stake in shares of Alpha Metallurgical Resources during the 4th quarter valued at $36,000. PNC Financial Services Group Inc. increased its holdings in shares of Alpha Metallurgical Resources by 947.1% during the 4th quarter. PNC Financial Services Group Inc. now owns 178 shares of the energy company’s stock worth $60,000 after buying an additional 161 shares during the last quarter. FinTrust Capital Advisors LLC purchased a new position in shares of Alpha Metallurgical Resources in the 4th quarter worth $64,000. Finally, Headlands Technologies LLC acquired a new position in Alpha Metallurgical Resources in the first quarter valued at $88,000. 84.29% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have commented on AMR. B. Riley dropped their price target on Alpha Metallurgical Resources from $374.00 to $336.00 and set a “buy” rating for the company in a research note on Friday, September 6th. Benchmark restated a “hold” rating on shares of Alpha Metallurgical Resources in a report on Tuesday, August 6th.

Alpha Metallurgical Resources Trading Down 0.5 %

Shares of Alpha Metallurgical Resources stock opened at $209.65 on Tuesday. The company has a fifty day moving average price of $255.93 and a 200 day moving average price of $294.95. Alpha Metallurgical Resources, Inc. has a twelve month low of $185.00 and a twelve month high of $452.00. The stock has a market cap of $2.73 billion, a price-to-earnings ratio of 5.08 and a beta of 1.30.

Alpha Metallurgical Resources (NYSE:AMR) last posted its earnings results on Monday, August 5th. The energy company reported $4.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.46 by $0.03. The business had revenue of $804.00 million during the quarter, compared to analyst estimates of $733.05 million. Alpha Metallurgical Resources had a return on equity of 28.63% and a net margin of 13.52%. The company’s revenue for the quarter was down 6.3% compared to the same quarter last year. During the same quarter last year, the firm earned $12.16 earnings per share. Analysts forecast that Alpha Metallurgical Resources, Inc. will post 20.67 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.