Proficio Capital Partners LLC Invests $3.56 Million in Alpha Metallurgical Resources, Inc. (NYSE:AMR)

Proficio Capital Partners LLC purchased a new position in Alpha Metallurgical Resources, Inc. (NYSE:AMR - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 17,811 shares of the energy company's stock, valued at approximately $3,564,000. Proficio Capital Partners LLC owned about 0.14% of Alpha Metallurgical Resources at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of AMR. Empowered Funds LLC boosted its position in shares of Alpha Metallurgical Resources by 69.7% in the 4th quarter. Empowered Funds LLC now owns 12,139 shares of the energy company's stock worth $2,429,000 after purchasing an additional 4,985 shares in the last quarter. Barclays PLC raised its position in shares of Alpha Metallurgical Resources by 309.2% in the third quarter. Barclays PLC now owns 18,646 shares of the energy company's stock worth $4,402,000 after acquiring an additional 14,089 shares during the period. Victory Capital Management Inc. increased its position in shares of 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 buying an additional 2,823 shares in the last quarter. Impala Asset Management LLC acquired a new position in Alpha Metallurgical Resources during the third quarter worth $1,181,000. Finally, Hosking Partners LLP raised its position in shares of Alpha Metallurgical Resources by 76.6% during the 4th quarter. Hosking Partners LLP now owns 55,220 shares of the energy company's stock worth $11,051,000 after purchasing an additional 23,944 shares during the last quarter. 84.29% of the stock is owned by hedge funds and other institutional investors.

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Alpha Metallurgical Resources Trading Up 0.0 %

NYSE:AMR traded up $0.01 during trading hours on Friday, hitting $125.02. The company had a trading volume of 995,629 shares, compared to its average volume of 214,199. Alpha Metallurgical Resources, Inc. has a 1 year low of $121.94 and a 1 year high of $361.17. The company has a market cap of $1.63 billion, a P/E ratio of 4.59 and a beta of 1.50. The company has a 50-day moving average of $165.14 and a 200 day moving average of $200.46.

Alpha Metallurgical Resources (NYSE:AMR - Get Free Report) last posted its quarterly earnings data on Friday, February 28th. The energy company reported ($0.16) earnings per share (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 firm had revenue of $617.30 million during the quarter, compared to analysts' expectations of $658.20 million. During the same quarter in the prior year, the firm posted $12.88 EPS. Alpha Metallurgical Resources's quarterly revenue was down 35.7% compared to the same quarter last year. On average, analysts forecast that Alpha Metallurgical Resources, Inc. will post 14.31 earnings per share 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.