American Century Companies Inc. Grows Stake in Alpha Metallurgical Resources, Inc. (NYSE:AMR)

American Century Companies Inc. raised its holdings in shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR - Free Report) by 9.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 359,006 shares of the energy company's stock after purchasing an additional 32,027 shares during the quarter. American Century Companies Inc. owned approximately 2.76% of Alpha Metallurgical Resources worth $71,844,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. FNY Investment Advisers LLC purchased a new position in Alpha Metallurgical Resources in the 4th quarter valued at approximately $50,000. PNC Financial Services Group Inc. boosted its holdings in shares of 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 worth $58,000 after acquiring an additional 162 shares during the period. GAMMA Investing LLC boosted its holdings in shares of 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 during the period. Jones Financial Companies Lllp purchased a new position in shares of Alpha Metallurgical Resources in the fourth quarter valued at $82,000. Finally, KBC Group NV raised its stake in shares of Alpha Metallurgical Resources by 58.7% during the 4th quarter. KBC Group NV now owns 473 shares of the energy company's stock valued at $95,000 after purchasing an additional 175 shares during the period. Institutional investors own 84.29% of the company's stock.

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Alpha Metallurgical Resources Stock Down 4.0 %

NYSE:AMR traded down $5.30 during mid-day trading on Friday, hitting $126.79. 219,081 shares of the stock traded hands, compared to its average volume of 217,776. The company has a market cap of $1.65 billion, a PE ratio of 4.65 and a beta of 1.50. Alpha Metallurgical Resources, Inc. has a 12-month low of $122.00 and a 12-month high of $361.17. The business's 50-day moving average price is $157.87 and its 200 day moving average price is $197.11.

Alpha Metallurgical Resources (NYSE:AMR - Get Free Report) last issued its quarterly 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 business had revenue of $617.30 million for the quarter, compared to the consensus estimate of $658.20 million. Alpha Metallurgical Resources had a net margin of 11.08% and a return on equity of 22.65%. The business's revenue was down 35.7% compared to the same quarter last year. During the same quarter last year, the business posted $12.88 EPS. Analysts anticipate that Alpha Metallurgical Resources, Inc. will post 14.31 earnings per share 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.