Alpha Metallurgical Resources, Inc. (NYSE:AMR) Stock Holdings Reduced by Anthracite Investment Company Inc.

Anthracite Investment Company Inc. trimmed its holdings in Alpha Metallurgical Resources, Inc. (NYSE:AMR - Free Report) by 62.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,600 shares of the energy company's stock after selling 4,400 shares during the quarter. Anthracite Investment Company Inc.'s holdings in Alpha Metallurgical Resources were worth $520,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. FNY Investment Advisers LLC bought a new position in shares of Alpha Metallurgical Resources in the fourth quarter valued at approximately $50,000. PNC Financial Services Group Inc. boosted its stake in Alpha Metallurgical Resources by 127.6% during the 4th 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 in the last quarter. GAMMA Investing LLC increased its position 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 valued at $62,000 after purchasing an additional 175 shares during the period. Jones Financial Companies Lllp bought a new stake in shares of Alpha Metallurgical Resources in the 4th quarter worth $82,000. Finally, KBC Group NV lifted its holdings in shares of Alpha Metallurgical Resources by 58.7% in the fourth quarter. KBC Group NV now owns 473 shares of the energy company's stock valued at $95,000 after buying an additional 175 shares during the period. 84.29% of the stock is currently owned by institutional investors and hedge funds.

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Alpha Metallurgical Resources Trading Down 4.0 %

NYSE:AMR traded down $5.30 during mid-day trading on Friday, reaching $126.79. 219,081 shares of the stock were exchanged, compared to its average volume of 217,776. 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 capitalization of $1.65 billion, a PE ratio of 4.65 and a beta of 1.50. The business has a fifty day moving average price of $157.87 and a 200 day moving average price of $197.11.

Alpha Metallurgical Resources (NYSE:AMR - Get Free Report) last released its earnings results on Friday, February 28th. The energy company reported ($0.16) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.09). Alpha Metallurgical Resources had a net margin of 11.08% and a return on equity of 22.65%. The business had revenue of $617.30 million for the quarter, compared to analyst estimates of $658.20 million. During the same period in the prior year, the company earned $12.88 earnings per share. The firm's revenue for the quarter was down 35.7% on a year-over-year basis. On average, sell-side analysts forecast that Alpha Metallurgical Resources, Inc. will post 14.31 earnings per share for the current year.

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.