Mutual of America Capital Management LLC Sells 258 Shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR)

Mutual of America Capital Management LLC cut its stake in Alpha Metallurgical Resources, Inc. (NYSE:AMR) by 13.6% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,645 shares of the energy company’s stock after selling 258 shares during the period. Mutual of America Capital Management LLC’s holdings in Alpha Metallurgical Resources were worth $389,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of AMR. Janus Henderson Group PLC lifted its holdings in Alpha Metallurgical Resources by 19.3% in the first quarter. Janus Henderson Group PLC now owns 27,174 shares of the energy company’s stock worth $8,998,000 after buying an additional 4,387 shares during the period. Comerica Bank grew its holdings in shares of Alpha Metallurgical Resources by 13.5% in the first quarter. Comerica Bank now owns 6,156 shares of the energy company’s stock worth $2,039,000 after acquiring an additional 734 shares during the period. Invst LLC purchased a new stake in Alpha Metallurgical Resources during the first quarter valued at $681,000. Teachers Retirement System of The State of Kentucky increased its position in Alpha Metallurgical Resources by 12.9% during the first quarter. Teachers Retirement System of The State of Kentucky now owns 3,500 shares of the energy company’s stock valued at $1,159,000 after acquiring an additional 400 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale boosted its position in Alpha Metallurgical Resources by 248.9% in the first quarter. DekaBank Deutsche Girozentrale now owns 1,385 shares of the energy company’s stock worth $450,000 after purchasing an additional 988 shares during the last quarter. 84.29% of the stock is owned by hedge funds and other institutional investors.

Alpha Metallurgical Resources Stock Performance

AMR stock opened at $250.72 on Thursday. The company has a market capitalization of $3.26 billion, a PE ratio of 9.20 and a beta of 1.33. Alpha Metallurgical Resources, Inc. has a one year low of $185.00 and a one year high of $452.00. The company’s fifty day moving average price is $226.09 and its 200-day moving average price is $257.66.

Alpha Metallurgical Resources (NYSE:AMR) last issued its quarterly earnings data on Friday, November 1st. The energy company reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.60 by ($1.31). Alpha Metallurgical Resources had a return on equity of 22.65% and a net margin of 11.08%. The firm had revenue of $671.90 million for the quarter, compared to analysts’ expectations of $672.95 million. During the same period last year, the company earned $6.65 earnings per share. The firm’s revenue was down 9.4% on a year-over-year basis. On average, research analysts predict that Alpha Metallurgical Resources, Inc. will post 16.87 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on AMR. B. Riley decreased their price objective on Alpha Metallurgical Resources from $374.00 to $336.00 and set a “buy” rating on the stock in a research note on Friday, September 6th. Benchmark restated a “hold” rating on shares of Alpha Metallurgical Resources in a research report on Monday, November 4th.

About Alpha Metallurgical Resources

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.