Hosking Partners LLP Buys 23,944 Shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR)

Hosking Partners LLP grew its position in shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR - Free Report) by 76.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 55,220 shares of the energy company's stock after buying an additional 23,944 shares during the quarter. Hosking Partners LLP owned 0.42% of Alpha Metallurgical Resources worth $11,051,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of AMR. Pacer Advisors Inc. grew its position in shares of Alpha Metallurgical Resources by 30.2% during the 3rd quarter. Pacer Advisors Inc. now owns 798,584 shares of the energy company's stock valued at $188,610,000 after acquiring an additional 185,376 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of Alpha Metallurgical Resources by 4.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 162,883 shares of the energy company's stock valued at $38,470,000 after acquiring an additional 7,241 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Alpha Metallurgical Resources by 0.5% in the fourth quarter. Bank of New York Mellon Corp now owns 82,311 shares of the energy company's stock worth $16,472,000 after acquiring an additional 428 shares during the period. Principal Financial Group Inc. raised its stake in Alpha Metallurgical Resources by 3.0% during the 4th quarter. Principal Financial Group Inc. now owns 53,358 shares of the energy company's stock valued at $10,678,000 after purchasing an additional 1,561 shares during the period. Finally, Wellington Management Group LLP lifted its holdings in Alpha Metallurgical Resources by 26.5% in the 3rd quarter. Wellington Management Group LLP now owns 48,515 shares of the energy company's stock worth $11,458,000 after purchasing an additional 10,161 shares in the last quarter. 84.29% of the stock is currently owned by hedge funds and other institutional investors.

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Alpha Metallurgical Resources Stock Performance

Shares of AMR traded up $0.40 during midday trading on Tuesday, hitting $131.98. 496,830 shares of the company traded hands, compared to its average volume of 213,548. The stock has a market cap of $1.72 billion, a price-to-earnings ratio of 4.84 and a beta of 1.43. The firm has a 50 day moving average of $181.92 and a 200-day moving average of $209.27. Alpha Metallurgical Resources, Inc. has a 52 week low of $125.96 and a 52 week high of $397.00.

Alpha Metallurgical Resources (NYSE:AMR - Get Free Report) last released its quarterly earnings results on Friday, February 28th. The energy company reported ($0.16) earnings per share for the quarter, missing the consensus estimate of ($0.07) by ($0.09). The firm had revenue of $617.30 million for the quarter, compared to analysts' expectations 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 quarterly revenue was down 35.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $12.88 EPS. Sell-side analysts predict that Alpha Metallurgical Resources, Inc. will post 14.31 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Alpha Metallurgical Resources news, Director Kenneth S. Courtis sold 10,621 shares of Alpha Metallurgical Resources stock in a transaction on Friday, December 13th. The shares were sold at an average price of $228.73, for a total value of $2,429,341.33. Following the completion of the transaction, the director now directly owns 603,342 shares of the company's stock, valued at $138,002,415.66. This trade represents a 1.73 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 15.00% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Separately, Benchmark reaffirmed a "hold" rating on shares of Alpha Metallurgical Resources in a report on Monday, November 4th.

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.