Intech Investment Management LLC Has $1.78 Million Holdings in Alpha Metallurgical Resources, Inc. (NYSE:AMR)

Intech Investment Management LLC lessened its stake in Alpha Metallurgical Resources, Inc. (NYSE:AMR - Free Report) by 36.6% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,868 shares of the energy company's stock after selling 5,122 shares during the period. Intech Investment Management LLC owned 0.07% of Alpha Metallurgical Resources worth $1,775,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Swiss National Bank increased its position in shares of Alpha Metallurgical Resources by 0.5% during 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 during the period. PNC Financial Services Group Inc. grew its holdings 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 worth $58,000 after acquiring an additional 162 shares during the period. 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 worth $62,000 after acquiring an additional 175 shares in the last quarter. KBC Group NV raised its position in Alpha Metallurgical Resources by 58.7% in the fourth quarter. KBC Group NV now owns 473 shares of the energy company's stock worth $95,000 after acquiring an additional 175 shares in the last quarter. Finally, SG Americas Securities LLC lifted its holdings in 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 valued at $551,000 after acquiring an additional 187 shares during the last quarter. Institutional investors own 84.29% of the company's stock.

Alpha Metallurgical Resources Stock Performance

Shares of NYSE:AMR traded up $0.93 during trading hours on Tuesday, hitting $130.38. 314,795 shares of the company's stock traded hands, compared to its average volume of 214,102. The company's fifty day simple moving average is $162.79 and its two-hundred day simple moving average is $198.91. Alpha Metallurgical Resources, Inc. has a 52 week low of $122.00 and a 52 week high of $361.17. The company has a market cap of $1.70 billion, a price-to-earnings ratio of 4.78 and a beta of 1.50.

Alpha Metallurgical Resources (NYSE:AMR - Get Free Report) 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). The business had revenue of $617.30 million for 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 company's quarterly revenue was down 35.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $12.88 earnings per share. On average, analysts anticipate 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.