Renaissance Technologies LLC Has $108.11 Million Stake in Alpha Metallurgical Resources, Inc. (NYSE:AMR)

Renaissance Technologies LLC boosted its position in Alpha Metallurgical Resources, Inc. (NYSE:AMR - Free Report) by 0.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 540,215 shares of the energy company's stock after purchasing an additional 4,200 shares during the period. Renaissance Technologies LLC owned 4.15% of Alpha Metallurgical Resources worth $108,108,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. Dalal Street LLC raised its holdings in Alpha Metallurgical Resources by 1.6% in the 4th quarter. Dalal Street LLC now owns 487,251 shares of the energy company's stock valued at $97,509,000 after buying an additional 7,553 shares during the last quarter. American Century Companies Inc. increased its position in Alpha Metallurgical Resources by 9.8% in the 4th quarter. American Century Companies Inc. now owns 359,006 shares of the energy company's stock valued at $71,844,000 after acquiring an additional 32,027 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of Alpha Metallurgical Resources by 12.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 183,519 shares of the energy company's stock valued at $36,726,000 after acquiring an additional 20,636 shares during the last quarter. Norges Bank acquired a new position in shares of Alpha Metallurgical Resources during the fourth quarter worth $26,332,000. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Alpha Metallurgical Resources by 0.5% during the fourth quarter. Bank of New York Mellon Corp now owns 82,311 shares of the energy company's stock worth $16,472,000 after purchasing an additional 428 shares during the period. 84.29% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, B. Riley lowered their target price on 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 Price Performance

Shares of Alpha Metallurgical Resources stock traded down $3.23 during midday trading on Monday, reaching $115.44. The company had a trading volume of 70,689 shares, compared to its average volume of 297,289. The stock has a fifty day moving average price of $140.35 and a 200 day moving average price of $189.08. Alpha Metallurgical Resources, Inc. has a fifty-two week low of $100.00 and a fifty-two week high of $361.17. The firm has a market cap of $1.51 billion, a PE ratio of 4.24 and a beta of 1.08.

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 the consensus estimate 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 analyst estimates of $658.20 million. During the same quarter in the previous year, the firm earned $12.88 EPS. Alpha Metallurgical Resources's quarterly revenue was down 35.7% on a year-over-year basis. As a group, sell-side analysts forecast that Alpha Metallurgical Resources, Inc. will post 14.31 EPS for the current year.

Alpha Metallurgical Resources Company 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.