Teacher Retirement System of Texas Has $4.59 Million Stock Holdings in Alpha Metallurgical Resources, Inc. (NYSE:AMR)

Teacher Retirement System of Texas raised its stake in Alpha Metallurgical Resources, Inc. (NYSE:AMR) by 630.2% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 22,927 shares of the energy company’s stock after buying an additional 19,787 shares during the period. Teacher Retirement System of Texas’ holdings in Alpha Metallurgical Resources were worth $4,588,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in AMR. FNY Investment Advisers LLC bought a new position in shares of Alpha Metallurgical Resources in the 4th quarter valued at $50,000. PNC Financial Services Group Inc. increased its holdings in Alpha Metallurgical Resources by 127.6% in the 4th quarter. PNC Financial Services Group Inc. now owns 289 shares of the energy company’s stock worth $58,000 after purchasing an additional 162 shares in the last quarter. GAMMA Investing LLC raised its position in Alpha Metallurgical Resources by 127.7% in the fourth quarter. GAMMA Investing LLC now owns 312 shares of the energy company’s stock valued at $62,000 after purchasing an additional 175 shares during the last quarter. Jones Financial Companies Lllp acquired a new stake in shares of Alpha Metallurgical Resources during the fourth quarter valued at about $82,000. Finally, KBC Group NV increased its stake in shares of Alpha Metallurgical Resources by 58.7% in the fourth quarter. KBC Group NV now owns 473 shares of the energy company’s stock valued at $95,000 after buying an additional 175 shares during the period. Institutional investors and hedge funds own 84.29% of the company’s stock.

Alpha Metallurgical Resources Price Performance

Shares of NYSE AMR opened at $129.65 on Tuesday. Alpha Metallurgical Resources, Inc. has a 1 year low of $122.00 and a 1 year high of $361.17. The firm has a market cap of $1.69 billion, a PE ratio of 4.76 and a beta of 1.50. The company has a 50 day simple moving average of $162.79 and a 200 day simple moving average of $198.91.

Alpha Metallurgical Resources (NYSE:AMR) last issued 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 business had revenue of $617.30 million during the quarter, compared to the consensus estimate of $658.20 million. Alpha Metallurgical Resources had a return on equity of 22.65% and a net margin of 11.08%. The business’s revenue for the quarter was down 35.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $12.88 EPS. As a group, research analysts anticipate that Alpha Metallurgical Resources, Inc. will post 14.31 earnings per share 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.