Dynamic Technology Lab Private Ltd Buys Shares of 2,850 Alpha Metallurgical Resources, Inc. (NYSE:AMR)

Dynamic Technology Lab Private Ltd purchased a new position in shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 2,850 shares of the energy company's stock, valued at approximately $570,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in AMR. New Age Alpha Advisors LLC bought a new position in shares of Alpha Metallurgical Resources during the fourth quarter valued at approximately $40,000. FNY Investment Advisers LLC purchased a new stake in Alpha Metallurgical Resources in the fourth quarter worth $50,000. PNC Financial Services Group Inc. boosted its stake in shares of Alpha Metallurgical Resources by 127.6% during the fourth quarter. PNC Financial Services Group Inc. now owns 289 shares of the energy company's stock valued at $58,000 after purchasing an additional 162 shares during the period. GAMMA Investing LLC boosted its stake in shares of Alpha Metallurgical Resources by 127.7% during the fourth quarter. GAMMA Investing LLC now owns 312 shares of the energy company's stock valued at $62,000 after purchasing an additional 175 shares during the period. Finally, Jones Financial Companies Lllp bought a new position in shares of Alpha Metallurgical Resources in the fourth quarter worth about $82,000. 84.29% of the stock is owned by hedge funds and other institutional investors.

Alpha Metallurgical Resources Stock Up 7.2 %

NYSE:AMR traded up $7.91 during midday trading on Friday, hitting $118.43. The stock had a trading volume of 372,364 shares, compared to its average volume of 227,021. The stock has a 50-day moving average of $140.35 and a 200 day moving average of $189.08. The company has a market capitalization of $1.55 billion, a price-to-earnings ratio of 4.35 and a beta of 1.08. Alpha Metallurgical Resources, Inc. has a one year low of $100.00 and a one year high of $361.17.

Alpha Metallurgical Resources (NYSE:AMR - Get Free Report) last posted 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). The firm had revenue of $617.30 million for the quarter, compared to the consensus estimate of $658.20 million. Alpha Metallurgical Resources had a return on equity of 22.65% and a net margin of 11.08%. Alpha Metallurgical Resources's quarterly revenue was down 35.7% compared to the same quarter last year. During the same period in the previous year, the company posted $12.88 EPS. On average, sell-side analysts anticipate that Alpha Metallurgical Resources, Inc. will post 14.31 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, B. Riley lowered their price objective on shares of Alpha Metallurgical Resources from $272.00 to $183.00 and set a "buy" rating for the company in a research report on Friday.

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.