Public Sector Pension Investment Board Lowers Holdings in Alpha Metallurgical Resources, Inc. (NYSE:AMR)

Public Sector Pension Investment Board cut its position in Alpha Metallurgical Resources, Inc. (NYSE:AMR - Free Report) by 8.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,229 shares of the energy company's stock after selling 2,200 shares during the quarter. Public Sector Pension Investment Board owned about 0.18% of Alpha Metallurgical Resources worth $5,486,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Federated Hermes Inc. bought a new stake in shares of Alpha Metallurgical Resources during the 2nd quarter valued at $25,000. GAMMA Investing LLC lifted its holdings in shares of Alpha Metallurgical Resources by 124.6% in the third quarter. GAMMA Investing LLC now owns 137 shares of the energy company's stock worth $32,000 after buying an additional 76 shares in the last quarter. Harbor Capital Advisors Inc. bought a new position in shares of Alpha Metallurgical Resources in the third quarter valued at approximately $36,000. Sound Income Strategies LLC purchased a new position in Alpha Metallurgical Resources during the third quarter valued at approximately $40,000. Finally, Quest Partners LLC bought a new stake in Alpha Metallurgical Resources during the 3rd quarter worth approximately $116,000. Hedge funds and other institutional investors own 84.29% of the company's stock.

Alpha Metallurgical Resources Stock Performance

NYSE:AMR traded down $3.30 during mid-day trading on Monday, reaching $242.27. The stock had a trading volume of 146,929 shares, compared to its average volume of 215,925. Alpha Metallurgical Resources, Inc. has a one year low of $185.00 and a one year high of $452.00. The firm has a 50 day moving average price of $228.11 and a two-hundred day moving average price of $256.54. The stock has a market capitalization of $3.15 billion, a P/E ratio of 8.89 and a beta of 1.33.

Alpha Metallurgical Resources (NYSE:AMR - Get Free Report) last posted its earnings results 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). The business had revenue of $671.90 million during the quarter, compared to the consensus estimate of $672.95 million. Alpha Metallurgical Resources had a return on equity of 22.65% and a net margin of 11.08%. The firm's revenue for the quarter was down 9.4% compared to the same quarter last year. During the same period in the previous year, the business earned $6.65 earnings per share. Research analysts forecast that Alpha Metallurgical Resources, Inc. will post 16.87 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on AMR shares. B. Riley reduced their price target on shares of Alpha Metallurgical Resources from $374.00 to $336.00 and set a "buy" rating for the company in a research report on Friday, September 6th. Benchmark restated a "hold" rating on shares of Alpha Metallurgical Resources in a research report on Monday, November 4th.

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.