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

Victory Capital Management Inc. grew its holdings in Alpha Metallurgical Resources, Inc. (NYSE:AMR) by 16.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,618 shares of the energy company’s stock after purchasing an additional 1,806 shares during the quarter. Victory Capital Management Inc. owned approximately 0.10% of Alpha Metallurgical Resources worth $3,540,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of AMR. Jupiter Asset Management Ltd. acquired a new stake in shares of Alpha Metallurgical Resources in the first quarter valued at approximately $32,999,000. Norges Bank acquired a new stake in shares of Alpha Metallurgical Resources in the fourth quarter valued at approximately $21,900,000. Principal Financial Group Inc. grew its position in shares of Alpha Metallurgical Resources by 523.6% in the fourth quarter. Principal Financial Group Inc. now owns 75,966 shares of the energy company’s stock valued at $25,746,000 after purchasing an additional 63,784 shares during the last quarter. Gendell Jeffrey L boosted its position in Alpha Metallurgical Resources by 21.8% during the first quarter. Gendell Jeffrey L now owns 350,125 shares of the energy company’s stock worth $115,951,000 after acquiring an additional 62,725 shares during the last quarter. Finally, Vanguard Group Inc. boosted its position in Alpha Metallurgical Resources by 5.4% during the fourth quarter. Vanguard Group Inc. now owns 1,213,584 shares of the energy company’s stock worth $411,308,000 after acquiring an additional 61,915 shares during the last quarter. 84.29% of the stock is currently owned by institutional investors and hedge funds.

Alpha Metallurgical Resources Stock Down 0.5 %

NYSE:AMR opened at $209.65 on Tuesday. The company has a market cap of $2.73 billion, a P/E ratio of 5.08 and a beta of 1.30. Alpha Metallurgical Resources, Inc. has a fifty-two week low of $185.00 and a fifty-two week high of $452.00. The firm’s 50 day moving average is $255.93 and its two-hundred day moving average is $294.95.

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

Analyst Upgrades and Downgrades

AMR has been the topic of a number of analyst reports. Benchmark restated a “hold” rating on shares of Alpha Metallurgical Resources in a research report on Tuesday, August 6th. B. Riley decreased their target price on shares of Alpha Metallurgical Resources from $374.00 to $336.00 and set a “buy” rating on the stock in a research report on Friday, September 6th.

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.