Public Sector Pension Investment Board Acquires 1,188 Shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR)

Public Sector Pension Investment Board lifted its holdings in shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR) by 4.9% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 25,429 shares of the energy company’s stock after acquiring an additional 1,188 shares during the quarter. Public Sector Pension Investment Board’s holdings in Alpha Metallurgical Resources were worth $7,134,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Pacer Advisors Inc. lifted its position in shares of 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 acquiring an additional 111,504 shares in the last quarter. Jupiter Asset Management Ltd. bought a new stake in shares of Alpha Metallurgical Resources during the 1st quarter valued at $32,999,000. Norges Bank purchased a new stake in Alpha Metallurgical Resources during the 4th quarter worth about $21,900,000. Gendell Jeffrey L lifted its holdings in Alpha Metallurgical Resources by 21.8% during the 1st quarter. Gendell Jeffrey L now owns 350,125 shares of the energy company’s stock worth $115,951,000 after purchasing an additional 62,725 shares in the last quarter. Finally, Vanguard Group Inc. boosted its stake in Alpha Metallurgical Resources by 5.4% in the 4th quarter. Vanguard Group Inc. now owns 1,213,584 shares of the energy company’s stock worth $411,308,000 after purchasing an additional 61,915 shares during the period. 84.29% of the stock is owned by institutional investors.

Analysts Set New Price Targets

AMR has been the topic of several analyst reports. Benchmark reiterated a “hold” rating on shares of Alpha Metallurgical Resources in a research report on Tuesday, August 6th. B. Riley reduced their price objective on shares of Alpha Metallurgical Resources from $374.00 to $336.00 and set a “buy” rating for the company in a research note on Friday, September 6th.

Alpha Metallurgical Resources Stock Performance

Alpha Metallurgical Resources stock opened at $226.65 on Wednesday. Alpha Metallurgical Resources, Inc. has a fifty-two week low of $185.00 and a fifty-two week high of $452.00. The stock has a market cap of $2.95 billion, a P/E ratio of 5.49 and a beta of 1.30. The firm’s fifty day moving average price is $243.90 and its 200-day moving average price is $287.82.

Alpha Metallurgical Resources (NYSE:AMR) last announced its earnings results on Monday, August 5th. The energy company reported $4.49 earnings per share for the quarter, topping analysts’ consensus estimates of $4.46 by $0.03. Alpha Metallurgical Resources had a return on equity of 28.63% and a net margin of 13.52%. The business had revenue of $804.00 million for the quarter, compared to analyst estimates of $733.05 million. During the same period in the prior year, the company earned $12.16 EPS. The company’s quarterly revenue was down 6.3% compared to the same quarter last year. Sell-side analysts predict that Alpha Metallurgical Resources, Inc. will post 20.67 earnings per share for the current 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.