Charles Schwab Investment Management Inc. Boosts Holdings in Alpha Metallurgical Resources, Inc. (NYSE:AMR)

Charles Schwab Investment Management Inc. lifted its holdings in Alpha Metallurgical Resources, Inc. (NYSE:AMR - Free Report) by 12.7% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 183,519 shares of the energy company's stock after purchasing an additional 20,636 shares during the period. Charles Schwab Investment Management Inc. owned about 1.41% of Alpha Metallurgical Resources worth $36,726,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. 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 during the period. KBC Group NV increased its stake in shares of Alpha Metallurgical Resources by 58.7% in the 4th quarter. KBC Group NV now owns 473 shares of the energy company's stock worth $95,000 after purchasing an additional 175 shares in the last quarter. SG Americas Securities LLC raised 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 worth $551,000 after purchasing an additional 187 shares during the period. Exchange Traded Concepts LLC lifted its position in Alpha Metallurgical Resources by 2.5% during the fourth quarter. Exchange Traded Concepts LLC now owns 8,974 shares of the energy company's stock valued at $1,796,000 after purchasing an additional 219 shares in the last quarter. Finally, Stratos Wealth Advisors LLC grew its holdings in Alpha Metallurgical Resources by 2.4% during the fourth quarter. Stratos Wealth Advisors LLC now owns 10,115 shares of the energy company's stock valued at $2,024,000 after purchasing an additional 237 shares during the period. Hedge funds and other institutional investors own 84.29% of the company's stock.

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Alpha Metallurgical Resources Stock Performance

Shares of NYSE AMR traded down $2.28 during trading on Wednesday, hitting $127.68. The company had a trading volume of 180,659 shares, compared to its average volume of 270,944. Alpha Metallurgical Resources, Inc. has a 12 month low of $123.57 and a 12 month high of $361.17. The firm has a market capitalization of $1.67 billion, a P/E ratio of 4.69 and a beta of 1.50. The stock has a 50 day simple moving average of $167.59 and a 200 day simple moving average of $201.51.

Alpha Metallurgical Resources (NYSE:AMR - Get Free Report) last posted its quarterly 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 firm had revenue of $617.30 million during 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 business's revenue for the quarter was down 35.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $12.88 earnings per share. As a group, analysts predict that Alpha Metallurgical Resources, Inc. will post 14.31 EPS for the current 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.