Royce & Associates LP Acquires Shares of 2,489 Alpha Metallurgical Resources, Inc. (NYSE:AMR)

Royce & Associates LP purchased a new stake in shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR - Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 2,489 shares of the energy company's stock, valued at approximately $498,000.

Several other large investors have also recently made changes to their positions in AMR. Swiss National Bank increased its holdings in shares of Alpha Metallurgical Resources by 0.5% in the fourth quarter. Swiss National Bank now owns 21,700 shares of the energy company's stock worth $4,343,000 after buying an additional 100 shares during the period. Wealthfront Advisers LLC bought a new position in Alpha Metallurgical Resources during the 4th quarter worth approximately $2,024,000. Ruffer LLP purchased a new position in Alpha Metallurgical Resources in the 4th quarter worth approximately $4,100,000. PNC Financial Services Group Inc. lifted its position 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 purchasing an additional 162 shares during the last quarter. Finally, Edgestream Partners L.P. boosted its stake in shares of Alpha Metallurgical Resources by 66.5% during the fourth quarter. Edgestream Partners L.P. now owns 17,759 shares of the energy company's stock valued at $3,554,000 after purchasing an additional 7,091 shares during the period. 84.29% of the stock is owned by hedge funds and other institutional investors.

Alpha Metallurgical Resources Stock Performance

Shares of NYSE AMR traded down $0.07 during mid-day trading on Wednesday, hitting $130.11. The stock had a trading volume of 201,464 shares, compared to its average volume of 213,976. The business has a 50 day moving average price of $161.55 and a two-hundred day moving average price of $198.44. 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 $1.70 billion, a P/E ratio of 4.77 and a beta of 1.50.

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Alpha Metallurgical Resources (NYSE:AMR - Get Free Report) last released its quarterly earnings data 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 net margin of 11.08% and a return on equity of 22.65%. Alpha Metallurgical Resources's revenue was down 35.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $12.88 EPS. Equities research analysts predict 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.