Alpha Metallurgical Resources, Inc. (NYSE:AMR) Shares Purchased by Victory Capital Management Inc.

Victory Capital Management Inc. raised its holdings in Alpha Metallurgical Resources, Inc. (NYSE:AMR) by 37.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 21,297 shares of the energy company’s stock after purchasing an additional 5,856 shares during the period. Victory Capital Management Inc. owned about 0.16% of Alpha Metallurgical Resources worth $4,262,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the business. Pacer Advisors Inc. increased its holdings in shares of Alpha Metallurgical Resources by 30.2% in the 3rd quarter. Pacer Advisors Inc. now owns 798,584 shares of the energy company’s stock valued at $188,610,000 after acquiring an additional 185,376 shares during the last quarter. Hosking Partners LLP grew its stake in Alpha Metallurgical Resources by 76.6% during the 4th quarter. Hosking Partners LLP now owns 55,220 shares of the energy company’s stock worth $11,051,000 after buying an additional 23,944 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in Alpha Metallurgical Resources by 12.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 183,519 shares of the energy company’s stock worth $36,726,000 after buying an additional 20,636 shares during the last quarter. Proficio Capital Partners LLC acquired a new position in Alpha Metallurgical Resources during the 4th quarter worth $3,564,000. Finally, Barclays PLC boosted its position in Alpha Metallurgical Resources by 309.2% during the 3rd quarter. Barclays PLC now owns 18,646 shares of the energy company’s stock worth $4,402,000 after acquiring an additional 14,089 shares during the period. 84.29% of the stock is owned by institutional investors and hedge funds.

Alpha Metallurgical Resources Stock Performance

Shares of AMR stock opened at $131.33 on Friday. Alpha Metallurgical Resources, Inc. has a 1 year low of $125.81 and a 1 year high of $361.17. The stock has a fifty day moving average of $170.06 and a two-hundred day moving average of $203.29. The firm has a market capitalization of $1.71 billion, a PE ratio of 4.82 and a beta of 1.50.

Alpha Metallurgical Resources (NYSE:AMR) last announced its quarterly earnings results on Friday, February 28th. The energy company reported ($0.16) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.09). Alpha Metallurgical Resources had a return on equity of 22.65% and a net margin of 11.08%. The business had revenue of $617.30 million for the quarter, compared to analyst estimates of $658.20 million. During the same quarter last year, the firm posted $12.88 EPS. The company’s revenue was down 35.7% compared to the same quarter last year. Equities research analysts predict that Alpha Metallurgical Resources, Inc. will post 14.31 earnings per share for the current fiscal 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.