Victory Capital Management Inc. Raises Holdings in Alpha Metallurgical Resources, Inc. (NYSE:AMR)

Victory Capital Management Inc. lifted its position in Alpha Metallurgical Resources, Inc. (NYSE:AMR - Free Report) by 22.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 15,441 shares of the energy company's stock after buying an additional 2,823 shares during the quarter. Victory Capital Management Inc. owned approximately 0.12% of Alpha Metallurgical Resources worth $3,647,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of AMR. Janus Henderson Group PLC increased its stake in Alpha Metallurgical Resources by 19.3% during the first quarter. Janus Henderson Group PLC now owns 27,174 shares of the energy company's stock worth $8,998,000 after purchasing an additional 4,387 shares during the period. Stratos Wealth Advisors LLC increased its stake in Alpha Metallurgical Resources by 50.3% during the 3rd quarter. Stratos Wealth Advisors LLC now owns 9,878 shares of the energy company's stock worth $2,333,000 after buying an additional 3,305 shares during the period. Old West Investment Management LLC lifted its holdings in Alpha Metallurgical Resources by 177.2% during the 3rd quarter. Old West Investment Management LLC now owns 6,446 shares of the energy company's stock worth $1,522,000 after buying an additional 4,121 shares in the last quarter. Invst LLC acquired a new position in shares of Alpha Metallurgical Resources in the first quarter worth $681,000. Finally, Jade Capital Advisors LLC grew its stake in shares of Alpha Metallurgical Resources by 180.0% in the third quarter. Jade Capital Advisors LLC now owns 7,000 shares of the energy company's stock worth $1,653,000 after acquiring an additional 4,500 shares in the last quarter. Hedge funds and other institutional investors own 84.29% of the company's stock.

Alpha Metallurgical Resources Stock Performance

Shares of NYSE:AMR traded down $6.27 during trading hours on Friday, reaching $245.46. The stock had a trading volume of 168,818 shares, compared to its average volume of 176,675. Alpha Metallurgical Resources, Inc. has a 1 year low of $185.00 and a 1 year high of $452.00. The firm's 50 day moving average is $223.45 and its 200-day moving average is $258.63. The stock has a market capitalization of $3.20 billion, a price-to-earnings ratio of 9.01 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 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 analysts' expectations of $672.95 million. Alpha Metallurgical Resources had a net margin of 11.08% and a return on equity of 22.65%. The business's quarterly revenue was down 9.4% compared to the same quarter last year. During the same period last year, the company earned $6.65 EPS. Analysts forecast that Alpha Metallurgical Resources, Inc. will post 16.87 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. Benchmark reissued a "hold" rating on shares of Alpha Metallurgical Resources in a research note on Monday, November 4th. B. Riley lowered their price objective on 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.

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.