Edgestream Partners L.P. increased its stake in shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR - Free Report) by 66.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 17,759 shares of the energy company's stock after acquiring an additional 7,091 shares during the quarter. Edgestream Partners L.P. owned about 0.14% of Alpha Metallurgical Resources worth $3,554,000 at the end of the most recent reporting period.
Several other large investors have also recently bought and sold shares of AMR. Janney Montgomery Scott LLC raised its position in shares of Alpha Metallurgical Resources by 41.8% during the third quarter. Janney Montgomery Scott LLC now owns 3,181 shares of the energy company's stock valued at $751,000 after buying an additional 937 shares during the last quarter. Harbor Capital Advisors Inc. acquired a new position in Alpha Metallurgical Resources in the 3rd quarter valued at approximately $36,000. Crossmark Global Holdings Inc. bought a new stake in shares of Alpha Metallurgical Resources in the 3rd quarter worth approximately $203,000. State of New Jersey Common Pension Fund D lifted its position in shares of Alpha Metallurgical Resources by 47.9% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 8,925 shares of the energy company's stock worth $2,108,000 after acquiring an additional 2,891 shares during the period. Finally, Versor Investments LP acquired a new position in shares of Alpha Metallurgical Resources in the third quarter valued at $485,000. 84.29% of the stock is currently owned by institutional investors and hedge funds.
Insider Activity at Alpha Metallurgical Resources
In other news, Director Kenneth S. Courtis sold 10,621 shares of the firm's stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $228.73, for a total transaction of $2,429,341.33. Following the completion of the sale, the director now owns 603,342 shares of the company's stock, valued at approximately $138,002,415.66. This trade represents a 1.73 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 15.00% of the stock is currently owned by insiders.
Alpha Metallurgical Resources Trading Down 8.0 %
AMR stock traded down $11.26 during midday trading on Wednesday, hitting $130.33. The stock had a trading volume of 368,886 shares, compared to its average volume of 215,895. The firm has a market capitalization of $1.70 billion, a price-to-earnings ratio of 4.78 and a beta of 1.50. The stock has a 50-day simple moving average of $174.15 and a 200 day simple moving average of $205.15. Alpha Metallurgical Resources, Inc. has a 52 week low of $125.81 and a 52 week high of $361.17.
Alpha Metallurgical Resources (NYSE:AMR - Get Free Report) last announced 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). Alpha Metallurgical Resources had a net margin of 11.08% and a return on equity of 22.65%. The company had revenue of $617.30 million during the quarter, compared to the consensus estimate of $658.20 million. During the same quarter last year, the company earned $12.88 earnings per share. The business's revenue was down 35.7% on a year-over-year basis. On average, equities analysts forecast that Alpha Metallurgical Resources, Inc. will post 14.31 EPS for the current year.
About Alpha Metallurgical Resources
(
Free Report)
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.
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