Victory Capital Management Inc. Grows Position in Alpha Metallurgical Resources, Inc. (NYSE:AMR)

Victory Capital Management Inc. grew its stake in Alpha Metallurgical Resources, Inc. (NYSE:AMR - Free Report) by 37.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 21,297 shares of the energy company's stock after purchasing an additional 5,856 shares during the period. Victory Capital Management Inc. owned about 0.16% of Alpha Metallurgical Resources worth $4,262,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Pacer Advisors Inc. raised its stake in Alpha Metallurgical Resources by 30.2% in the 3rd quarter. Pacer Advisors Inc. now owns 798,584 shares of the energy company's stock valued at $188,610,000 after purchasing an additional 185,376 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Alpha Metallurgical Resources by 12.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 183,519 shares of the energy company's stock worth $36,726,000 after purchasing an additional 20,636 shares during the period. Bank of New York Mellon Corp boosted its holdings in Alpha Metallurgical Resources by 0.5% during the 4th quarter. Bank of New York Mellon Corp now owns 82,311 shares of the energy company's stock valued at $16,472,000 after acquiring an additional 428 shares during the period. Hosking Partners LLP boosted its holdings in Alpha Metallurgical Resources by 76.6% during the 4th quarter. Hosking Partners LLP now owns 55,220 shares of the energy company's stock valued at $11,051,000 after acquiring an additional 23,944 shares during the period. Finally, Principal Financial Group Inc. boosted its stake in shares of Alpha Metallurgical Resources by 3.0% in the 4th quarter. Principal Financial Group Inc. now owns 53,358 shares of the energy company's stock valued at $10,678,000 after buying an additional 1,561 shares during the period. Hedge funds and other institutional investors own 84.29% of the company's stock.

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Alpha Metallurgical Resources Price Performance

Shares of NYSE AMR traded down $2.25 during midday trading on Wednesday, hitting $127.71. 180,659 shares of the company's stock were exchanged, compared to its average volume of 270,944. Alpha Metallurgical Resources, Inc. has a twelve month low of $123.57 and a twelve month high of $361.17. The company has a market cap of $1.67 billion, a PE ratio of 4.69 and a beta of 1.50. The firm's fifty day simple moving average is $167.59 and its 200-day simple moving average is $201.51.

Alpha Metallurgical Resources (NYSE:AMR - Get Free Report) last released its 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). Alpha Metallurgical Resources had a net margin of 11.08% and a return on equity of 22.65%. The company had revenue of $617.30 million during the quarter, compared to analyst estimates of $658.20 million. During the same period in the previous year, the firm posted $12.88 EPS. The company's revenue for the quarter was down 35.7% on a year-over-year basis. Equities analysts anticipate that Alpha Metallurgical Resources, Inc. will post 14.31 EPS for the current fiscal 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.