Alpha Metallurgical Resources, Inc. (NYSE:AMR) Stake Lessened by Intech Investment Management LLC

Intech Investment Management LLC trimmed its stake in shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR) by 36.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,868 shares of the energy company’s stock after selling 5,122 shares during the quarter. Intech Investment Management LLC’s holdings in Alpha Metallurgical Resources were worth $1,775,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in AMR. Swiss National Bank raised its stake in shares of Alpha Metallurgical Resources by 0.5% in the 4th quarter. Swiss National Bank now owns 21,700 shares of the energy company’s stock valued at $4,343,000 after purchasing an additional 100 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in Alpha Metallurgical Resources by 127.6% during the fourth quarter. PNC Financial Services Group Inc. now owns 289 shares of the energy company’s stock valued at $58,000 after buying an additional 162 shares in the last quarter. GAMMA Investing LLC lifted its holdings in Alpha Metallurgical Resources by 127.7% during the 4th quarter. GAMMA Investing LLC now owns 312 shares of the energy company’s stock worth $62,000 after buying an additional 175 shares during the last quarter. KBC Group NV lifted its holdings in Alpha Metallurgical Resources by 58.7% during the 4th quarter. KBC Group NV now owns 473 shares of the energy company’s stock worth $95,000 after buying an additional 175 shares during the last quarter. Finally, SG Americas Securities LLC grew its position in shares of Alpha Metallurgical Resources by 7.3% in the 4th quarter. SG Americas Securities LLC now owns 2,751 shares of the energy company’s stock worth $551,000 after acquiring an additional 187 shares in the last quarter. 84.29% of the stock is owned by institutional investors and hedge funds.

Alpha Metallurgical Resources Trading Down 1.3 %

AMR stock opened at $125.20 on Friday. The stock’s 50 day simple moving average is $165.14 and its 200 day simple moving average is $200.46. Alpha Metallurgical Resources, Inc. has a 12-month low of $122.20 and a 12-month high of $361.17. The firm has a market cap of $1.63 billion, a P/E ratio of 4.59 and a beta of 1.50.

Alpha Metallurgical Resources (NYSE:AMR) last issued its earnings results on Friday, February 28th. The energy company reported ($0.16) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.09). Alpha Metallurgical Resources had a return on equity of 22.65% and a net margin of 11.08%. The business had revenue of $617.30 million for the quarter, compared to analyst estimates of $658.20 million. During the same period last year, the company posted $12.88 earnings per share. The firm’s revenue for the quarter was down 35.7% on a year-over-year basis. On average, research analysts forecast that Alpha Metallurgical Resources, Inc. will post 14.31 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.