17,811 Shares in Alpha Metallurgical Resources, Inc. (NYSE:AMR) Purchased by Proficio Capital Partners LLC

Proficio Capital Partners LLC acquired a new position in shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 17,811 shares of the energy company's stock, valued at approximately $3,564,000. Proficio Capital Partners LLC owned 0.14% of Alpha Metallurgical Resources as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Empowered Funds LLC grew its stake in Alpha Metallurgical Resources by 69.7% in the fourth quarter. Empowered Funds LLC now owns 12,139 shares of the energy company's stock valued at $2,429,000 after acquiring an additional 4,985 shares during the period. Barclays PLC grew its stake in Alpha Metallurgical Resources by 309.2% in the third quarter. Barclays PLC now owns 18,646 shares of the energy company's stock valued at $4,402,000 after acquiring an additional 14,089 shares during the period. Victory Capital Management Inc. grew its stake in Alpha Metallurgical Resources by 22.4% in the third quarter. Victory Capital Management Inc. now owns 15,441 shares of the energy company's stock valued at $3,647,000 after acquiring an additional 2,823 shares during the period. Impala Asset Management LLC acquired a new position in Alpha Metallurgical Resources in the third quarter valued at about $1,181,000. Finally, HighTower Advisors LLC acquired a new position in Alpha Metallurgical Resources in the third quarter valued at about $640,000. 84.29% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Kenneth S. Courtis sold 10,621 shares of the business's stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $228.73, for a total value of $2,429,341.33. Following the sale, the director now directly owns 603,342 shares in the company, valued at $138,002,415.66. The trade was a 1.73 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 16.40% of the company's stock.

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Alpha Metallurgical Resources Stock Performance

NYSE:AMR traded down $0.92 on Friday, reaching $133.05. The company's stock had a trading volume of 265,441 shares, compared to its average volume of 214,699. Alpha Metallurgical Resources, Inc. has a 1-year low of $125.81 and a 1-year high of $397.00. The firm has a market cap of $1.73 billion, a PE ratio of 4.88 and a beta of 1.51. The business's 50-day moving average price is $176.62 and its two-hundred day moving average price is $206.74.

Alpha Metallurgical Resources (NYSE:AMR - Get Free Report) last posted its 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). 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 during the quarter, compared to analyst estimates of $658.20 million. During the same period in the previous year, the firm posted $12.88 earnings per share. The firm's revenue was down 35.7% on a year-over-year basis. As a group, sell-side analysts expect that Alpha Metallurgical Resources, Inc. will post 14.31 EPS 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.