Alpha Metallurgical Resources (NYSE:AMR) Trading 3.8% Higher – Here’s What Happened

Alpha Metallurgical Resources, Inc. (NYSE:AMR) traded up 3.8% during mid-day trading on Tuesday . The company traded as high as $134.99 and last traded at $134.35. 94,470 shares traded hands during mid-day trading, a decline of 67% from the average session volume of 282,860 shares. The stock had previously closed at $129.45.

Alpha Metallurgical Resources Stock Up 0.7 %

The firm has a market capitalization of $1.70 billion, a price-to-earnings ratio of 4.78 and a beta of 1.50. The company’s 50 day moving average price is $162.79 and its 200 day moving average price is $198.91.

Alpha Metallurgical Resources (NYSE:AMR) last issued its earnings results on Friday, February 28th. The energy company reported ($0.16) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.09). The firm had revenue of $617.30 million during the quarter, compared to analysts’ expectations 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 was down 35.7% on a year-over-year basis. During the same quarter last year, the business earned $12.88 EPS. As a group, analysts expect that Alpha Metallurgical Resources, Inc. will post 14.31 earnings per share for the current year.

Institutional Investors Weigh In On Alpha Metallurgical Resources

A number of large investors have recently bought and sold shares of AMR. New Age Alpha Advisors LLC acquired a new position in Alpha Metallurgical Resources during the fourth quarter valued at $40,000. FNY Investment Advisers LLC acquired a new position in Alpha Metallurgical Resources in the fourth quarter valued at approximately $50,000. PNC Financial Services Group Inc. lifted its holdings in Alpha Metallurgical Resources by 127.6% in the fourth quarter. PNC Financial Services Group Inc. now owns 289 shares of the energy company’s stock valued at $58,000 after acquiring an additional 162 shares during the period. Public Employees Retirement System of Ohio purchased a new stake in Alpha Metallurgical Resources in the 4th quarter worth approximately $60,000. Finally, GAMMA Investing LLC grew its stake in shares of 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 purchasing an additional 175 shares during the period. Hedge funds and other institutional investors own 84.29% of the company’s stock.

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.