Alpha Metallurgical Resources, Inc. (NYSE:AMR) Shares Purchased by Old West Investment Management LLC

Old West Investment Management LLC increased its stake in Alpha Metallurgical Resources, Inc. (NYSE:AMR - Free Report) by 173.7% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 12,227 shares of the energy company's stock after acquiring an additional 7,759 shares during the period. Alpha Metallurgical Resources makes up 1.0% of Old West Investment Management LLC's investment portfolio, making the stock its 28th largest position. Old West Investment Management LLC owned about 0.09% of Alpha Metallurgical Resources worth $2,447,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of AMR. HighTower Advisors LLC acquired a new position in shares of Alpha Metallurgical Resources in the 3rd quarter valued at $640,000. Point72 DIFC Ltd acquired a new stake in Alpha Metallurgical Resources during the 3rd quarter worth approximately $128,000. Wellington Management Group LLP raised its holdings in Alpha Metallurgical Resources by 26.5% in the third quarter. Wellington Management Group LLP now owns 48,515 shares of the energy company's stock valued at $11,458,000 after buying an additional 10,161 shares during the period. EP Wealth Advisors LLC purchased a new stake in Alpha Metallurgical Resources during the third quarter worth approximately $387,000. Finally, Y Intercept Hong Kong Ltd raised its stake in shares of Alpha Metallurgical Resources by 168.1% in the 3rd quarter. Y Intercept Hong Kong Ltd now owns 3,866 shares of the energy company's stock valued at $913,000 after acquiring an additional 2,424 shares during the period. 84.29% of the stock is currently owned by hedge funds and other institutional investors.

Alpha Metallurgical Resources Trading Down 3.2 %

Shares of AMR traded down $3.70 during midday trading on Thursday, reaching $112.62. 176,854 shares of the company were exchanged, compared to its average volume of 225,370. Alpha Metallurgical Resources, Inc. has a 1-year low of $100.00 and a 1-year high of $361.17. The company has a market cap of $1.47 billion, a price-to-earnings ratio of 4.11 and a beta of 1.08. The stock has a 50-day moving average price of $143.09 and a 200-day moving average price of $190.95.

Alpha Metallurgical Resources (NYSE:AMR - Get Free Report) last posted its earnings results on Friday, February 28th. The energy company reported ($0.16) EPS 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 firm had revenue of $617.30 million for the quarter, compared to analyst estimates of $658.20 million. During the same period in the previous year, the firm posted $12.88 earnings per share. The company's revenue for the quarter was down 35.7% on a year-over-year basis. Equities research analysts anticipate that Alpha Metallurgical Resources, Inc. will post 14.31 earnings per share for the current 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.