Public Sector Pension Investment Board Decreases Holdings in Alpha Metallurgical Resources, Inc. (NYSE:AMR)

Public Sector Pension Investment Board trimmed its holdings in Alpha Metallurgical Resources, Inc. (NYSE:AMR) by 8.7% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 23,229 shares of the energy company’s stock after selling 2,200 shares during the quarter. Public Sector Pension Investment Board owned 0.18% of Alpha Metallurgical Resources worth $5,486,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. Pacer Advisors Inc. boosted its holdings in Alpha Metallurgical Resources by 30.2% during the 3rd quarter. Pacer Advisors Inc. now owns 798,584 shares of the energy company’s stock valued at $188,610,000 after acquiring an additional 185,376 shares during the period. American Century Companies Inc. increased its stake in shares of Alpha Metallurgical Resources by 6.0% in the second quarter. American Century Companies Inc. now owns 305,726 shares of the energy company’s stock worth $85,765,000 after buying an additional 17,261 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of Alpha Metallurgical Resources by 4.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 162,883 shares of the energy company’s stock valued at $38,470,000 after acquiring an additional 7,241 shares during the last quarter. Jupiter Asset Management Ltd. increased its position 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 period. Finally, Goehring & Rozencwajg Associates LLC raised its holdings in Alpha Metallurgical Resources by 13.1% in the 2nd quarter. Goehring & Rozencwajg Associates LLC now owns 69,847 shares of the energy company’s stock worth $19,594,000 after purchasing an additional 8,100 shares in the last quarter. Hedge funds and other institutional investors own 84.29% of the company’s stock.

Alpha Metallurgical Resources Price Performance

Shares of NYSE AMR opened at $245.57 on Monday. Alpha Metallurgical Resources, Inc. has a 1 year low of $185.00 and a 1 year high of $452.00. The firm has a 50-day moving average of $227.53 and a 200 day moving average of $256.87. The stock has a market cap of $3.20 billion, a P/E ratio of 9.01 and a beta of 1.33.

Alpha Metallurgical Resources (NYSE:AMR) last released its earnings results on Friday, November 1st. The energy company reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.60 by ($1.31). The business had revenue of $671.90 million for 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%. Alpha Metallurgical Resources’s revenue for the quarter was down 9.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $6.65 earnings per share. Research analysts expect that Alpha Metallurgical Resources, Inc. will post 16.87 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on AMR. Benchmark reissued a “hold” rating on shares of Alpha Metallurgical Resources in a research report on Monday, November 4th. B. Riley decreased their price objective on 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 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.