Alpha Metallurgical Resources, Inc. (NYSE:AMR) Shares Acquired by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP boosted its position in shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR - Free Report) by 4.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 736,379 shares of the energy company's stock after buying an additional 28,225 shares during the period. Dimensional Fund Advisors LP owned 5.66% of Alpha Metallurgical Resources worth $147,366,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in AMR. First Trust Advisors LP increased its position in shares of Alpha Metallurgical Resources by 279.5% during the fourth quarter. First Trust Advisors LP now owns 29,295 shares of the energy company's stock worth $5,863,000 after purchasing an additional 21,575 shares in the last quarter. Canada Pension Plan Investment Board purchased a new stake in shares of Alpha Metallurgical Resources during the fourth quarter worth $1,761,000. Barclays PLC grew its holdings in shares of Alpha Metallurgical Resources by 8.1% during the fourth quarter. Barclays PLC now owns 20,162 shares of the energy company's stock worth $4,034,000 after buying an additional 1,516 shares in the last quarter. Summit Investment Advisors Inc. raised its position in shares of Alpha Metallurgical Resources by 6.8% in the fourth quarter. Summit Investment Advisors Inc. now owns 1,150 shares of the energy company's stock valued at $230,000 after buying an additional 73 shares during the last quarter. Finally, Covestor Ltd boosted its position in Alpha Metallurgical Resources by 89.8% during the fourth quarter. Covestor Ltd now owns 966 shares of the energy company's stock worth $193,000 after acquiring an additional 457 shares during the last quarter. Institutional investors and hedge funds own 84.29% of the company's stock.

Analyst Ratings Changes

Separately, B. Riley dropped 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 note on Friday, April 11th.

Alpha Metallurgical Resources Trading Down 1.3 %

NYSE AMR traded down $1.66 on Monday, reaching $124.54. 207,964 shares of the company were exchanged, compared to its average volume of 229,653. Alpha Metallurgical Resources, Inc. has a fifty-two week low of $100.00 and a fifty-two week high of $346.90. The stock has a market capitalization of $1.63 billion, a P/E ratio of 4.57 and a beta of 1.08. The business's fifty day moving average price is $129.24 and its 200 day moving average price is $181.59.

Alpha Metallurgical Resources (NYSE:AMR - Get Free Report) last announced its quarterly earnings data 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 net margin of 11.08% and a return on equity of 22.65%. The firm had revenue of $617.30 million during the quarter, compared to analysts' expectations of $658.20 million. During the same period in the prior year, the company posted $12.88 EPS. The company's revenue for the quarter was down 35.7% compared to the same quarter last year. Equities research analysts forecast that Alpha Metallurgical Resources, Inc. will post 14.31 earnings per share for the current year.

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.