Dimensional Fund Advisors LP Trims Stock Position in Alpha Metallurgical Resources, Inc. (NYSE:AMR)

Dimensional Fund Advisors LP cut its holdings in shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR) by 2.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 704,048 shares of the energy company’s stock after selling 18,976 shares during the quarter. Dimensional Fund Advisors LP owned about 5.41% of Alpha Metallurgical Resources worth $197,498,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the business. Jupiter Asset Management Ltd. acquired a new stake in Alpha Metallurgical Resources during the first quarter worth about $32,999,000. Norges Bank acquired a new stake in Alpha Metallurgical Resources during the fourth quarter worth about $21,900,000. Gendell Jeffrey L increased its stake 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. Vanguard Group Inc. increased its stake 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. Finally, Empowered Funds LLC increased its stake in Alpha Metallurgical Resources by 85.5% during the first quarter. Empowered Funds LLC now owns 41,555 shares of the energy company’s stock worth $13,762,000 after acquiring an additional 19,154 shares during the last quarter. 84.29% of the stock is currently owned by hedge funds and other institutional investors.

Alpha Metallurgical Resources Stock Performance

AMR stock opened at $212.48 on Friday. Alpha Metallurgical Resources, Inc. has a 1 year low of $185.00 and a 1 year high of $452.00. The firm has a market cap of $2.76 billion, a P/E ratio of 5.15 and a beta of 1.30. The stock has a 50-day simple moving average of $249.96 and a 200-day simple moving average of $292.47.

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. Alpha Metallurgical Resources had a return on equity of 28.63% and a net margin of 13.52%. The business had revenue of $804.00 million during the quarter, compared to analyst estimates of $733.05 million. During the same quarter last year, the firm earned $12.16 earnings per share. The company’s revenue for the quarter was down 6.3% compared to the same quarter last year. On average, equities research analysts predict that Alpha Metallurgical Resources, Inc. will post 20.67 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on AMR. Benchmark reiterated a “hold” rating on shares of Alpha Metallurgical Resources in a research note on Tuesday, August 6th. B. Riley lowered their target price 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.

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.