Mitsubishi UFJ Trust & Banking Corp Increases Position in Alpha Metallurgical Resources, Inc. (NYSE:AMR)

Mitsubishi UFJ Trust & Banking Corp lifted its position in shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR - Free Report) by 87.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 24,920 shares of the energy company's stock after purchasing an additional 11,622 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned 0.19% of Alpha Metallurgical Resources worth $4,987,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. American Century Companies Inc. increased its stake in Alpha Metallurgical Resources by 9.8% during the 4th quarter. American Century Companies Inc. now owns 359,006 shares of the energy company's stock valued at $71,844,000 after purchasing an additional 32,027 shares in the last quarter. Hosking Partners LLP increased its position in shares of Alpha Metallurgical Resources by 76.6% during the fourth quarter. Hosking Partners LLP now owns 55,220 shares of the energy company's stock worth $11,051,000 after acquiring an additional 23,944 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Alpha Metallurgical Resources by 12.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 183,519 shares of the energy company's stock worth $36,726,000 after acquiring an additional 20,636 shares during the last quarter. Ruffer LLP acquired a new stake in shares of Alpha Metallurgical Resources in the 4th quarter worth about $4,100,000. Finally, Teacher Retirement System of Texas lifted its position in Alpha Metallurgical Resources by 630.2% in the 4th quarter. Teacher Retirement System of Texas now owns 22,927 shares of the energy company's stock valued at $4,588,000 after acquiring an additional 19,787 shares in the last quarter. 84.29% of the stock is currently owned by institutional investors.

Alpha Metallurgical Resources Stock Performance

AMR traded down $7.89 during midday trading on Friday, reaching $107.88. 577,134 shares of the company were exchanged, compared to its average volume of 221,110. The company has a market cap of $1.41 billion, a price-to-earnings ratio of 3.96 and a beta of 1.08. Alpha Metallurgical Resources, Inc. has a one year low of $104.34 and a one year high of $361.17. The company's fifty day moving average price is $150.41 and its 200 day moving average price is $194.26.

Alpha Metallurgical Resources (NYSE:AMR - Get Free Report) last announced its quarterly earnings results on Friday, February 28th. The energy company reported ($0.16) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.09). Alpha Metallurgical Resources had a return on equity of 22.65% and a net margin of 11.08%. The company had revenue of $617.30 million for the quarter, compared to the consensus estimate of $658.20 million. During the same quarter last year, the company posted $12.88 EPS. The company's quarterly revenue was down 35.7% compared to the same quarter last year. As a group, sell-side analysts anticipate that Alpha Metallurgical Resources, Inc. will post 14.31 earnings per share for the current fiscal year.

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.