Victory Capital Management Inc. Acquires 2,823 Shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR)

Victory Capital Management Inc. boosted its position in shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR) by 22.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 15,441 shares of the energy company’s stock after purchasing an additional 2,823 shares during the period. Victory Capital Management Inc.’s holdings in Alpha Metallurgical Resources were worth $3,647,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in Alpha Metallurgical Resources by 0.9% during the 1st quarter. Vanguard Group Inc. now owns 1,224,801 shares of the energy company’s stock valued at $405,617,000 after purchasing an additional 11,217 shares during the last quarter. Pacer Advisors Inc. grew its holdings in Alpha Metallurgical Resources by 22.2% during the 2nd quarter. Pacer Advisors Inc. now owns 613,208 shares of the energy company’s stock valued at $172,023,000 after purchasing an additional 111,504 shares during the last quarter. American Century Companies Inc. grew its holdings in Alpha Metallurgical Resources by 6.0% during the 2nd quarter. American Century Companies Inc. now owns 305,726 shares of the energy company’s stock valued at $85,765,000 after purchasing an additional 17,261 shares during the last quarter. Jupiter Asset Management Ltd. grew its holdings in Alpha Metallurgical Resources by 6.7% during the 2nd quarter. Jupiter Asset Management Ltd. now owns 106,289 shares of the energy company’s stock valued at $29,817,000 after purchasing an additional 6,646 shares during the last quarter. Finally, Goehring & Rozencwajg Associates LLC grew its holdings in Alpha Metallurgical Resources by 13.1% during the 2nd quarter. Goehring & Rozencwajg Associates LLC now owns 69,847 shares of the energy company’s stock valued at $19,594,000 after purchasing an additional 8,100 shares during the last quarter. 84.29% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. B. Riley dropped their target price on shares of Alpha Metallurgical Resources from $374.00 to $336.00 and set a “buy” rating on the stock in a research note on Friday, September 6th. Benchmark restated a “hold” rating on shares of Alpha Metallurgical Resources in a research note on Monday, November 4th.

Alpha Metallurgical Resources Price Performance

Shares of AMR stock opened at $245.46 on Friday. The company has a market capitalization of $3.20 billion, a P/E ratio of 9.01 and a beta of 1.33. The company’s 50-day simple moving average is $223.45 and its two-hundred day simple moving average is $258.95. Alpha Metallurgical Resources, Inc. has a one year low of $185.00 and a one year high of $452.00.

Alpha Metallurgical Resources (NYSE:AMR) last issued its earnings results 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 return on equity of 22.65% and a net margin of 11.08%. The company had revenue of $671.90 million during the quarter, compared to the consensus estimate of $672.95 million. During the same quarter in the prior year, the company earned $6.65 earnings per share. Alpha Metallurgical Resources’s revenue was down 9.4% on a year-over-year basis. On average, research analysts expect that Alpha Metallurgical Resources, Inc. will post 16.87 EPS for the current fiscal year.

About Alpha Metallurgical Resources

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.