Alpha Metallurgical Resources, Inc. (NYSE:AMR) Shares Purchased by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D raised its holdings in Alpha Metallurgical Resources, Inc. (NYSE:AMR - Free Report) by 47.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,925 shares of the energy company's stock after purchasing an additional 2,891 shares during the quarter. State of New Jersey Common Pension Fund D owned 0.07% of Alpha Metallurgical Resources worth $2,108,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Pacer Advisors Inc. grew its position in Alpha Metallurgical Resources by 22.2% during the second quarter. Pacer Advisors Inc. now owns 613,208 shares of the energy company's stock worth $172,023,000 after buying an additional 111,504 shares during the period. Jupiter Asset Management Ltd. purchased a new position in Alpha Metallurgical Resources in the 1st quarter valued at approximately $32,999,000. Gendell Jeffrey L increased its stake in Alpha Metallurgical Resources by 21.8% in the 1st quarter. Gendell Jeffrey L now owns 350,125 shares of the energy company's stock valued at $115,951,000 after purchasing an additional 62,725 shares in the last quarter. Hosking Partners LLP acquired a new position in Alpha Metallurgical Resources during the second quarter worth $5,123,000. Finally, American Century Companies Inc. boosted its position in Alpha Metallurgical Resources by 6.0% during the second quarter. American Century Companies Inc. now owns 305,726 shares of the energy company's stock worth $85,765,000 after purchasing an additional 17,261 shares in the last quarter. Institutional investors and hedge funds own 84.29% of the company's stock.

Alpha Metallurgical Resources Price Performance

NYSE:AMR traded up $0.58 during trading hours on Friday, reaching $236.36. 96,611 shares of the company traded hands, compared to its average volume of 218,377. The firm's 50-day moving average is $217.27 and its 200-day moving average is $262.51. The stock has a market cap of $3.08 billion, a P/E ratio of 8.65 and a beta of 1.33. Alpha Metallurgical Resources, Inc. has a 1-year low of $185.00 and a 1-year high of $452.00.

Alpha Metallurgical Resources (NYSE:AMR - Get Free Report) last posted its quarterly earnings data on Friday, November 1st. The energy company reported $0.29 EPS for the quarter, missing analysts' consensus estimates of $1.60 by ($1.31). Alpha Metallurgical Resources had a net margin of 11.08% and a return on equity of 22.65%. The company had revenue of $671.90 million for the quarter, compared to analyst estimates of $672.95 million. During the same period in the previous year, the business earned $6.65 EPS. The firm's revenue was down 9.4% on a year-over-year basis. As a group, research analysts predict that Alpha Metallurgical Resources, Inc. will post 16.87 earnings per share for the current year.

Analyst Ratings Changes

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

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.