Alpha Metallurgical Resources, Inc. (NYSE:AMR) Stake Boosted by Teacher Retirement System of Texas

Teacher Retirement System of Texas increased its position in Alpha Metallurgical Resources, Inc. (NYSE:AMR - Free Report) by 630.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 22,927 shares of the energy company's stock after purchasing an additional 19,787 shares during the quarter. Teacher Retirement System of Texas owned 0.18% of Alpha Metallurgical Resources worth $4,588,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Cibc World Markets Corp purchased a new position in Alpha Metallurgical Resources in the 4th quarter valued at about $206,000. Royce & Associates LP purchased a new position in Alpha Metallurgical Resources in the fourth quarter valued at about $498,000. Swiss National Bank boosted its holdings in Alpha Metallurgical Resources by 0.5% in the fourth quarter. Swiss National Bank now owns 21,700 shares of the energy company's stock valued at $4,343,000 after purchasing an additional 100 shares during the last quarter. Wealthfront Advisers LLC acquired a new stake in Alpha Metallurgical Resources during the 4th quarter valued at approximately $2,024,000. Finally, Ruffer LLP purchased a new stake in Alpha Metallurgical Resources during the 4th quarter worth approximately $4,100,000. 84.29% of the stock is currently owned by hedge funds and other institutional investors.

Alpha Metallurgical Resources Stock Down 4.0 %

Shares of AMR traded down $5.30 during trading on Friday, reaching $126.79. The company's stock had a trading volume of 219,081 shares, compared to its average volume of 218,125. Alpha Metallurgical Resources, Inc. has a twelve month low of $122.00 and a twelve month high of $361.17. The company has a market cap of $1.65 billion, a price-to-earnings ratio of 4.65 and a beta of 1.50. The company has a fifty day moving average of $159.17 and a two-hundred day moving average of $197.51.

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