Ruffer LLP Purchases New Stake in Alpha Metallurgical Resources, Inc. (NYSE:AMR)

Ruffer LLP acquired 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 SEC. The firm acquired 20,485 shares of the energy company's stock, valued at approximately $4,100,000. Ruffer LLP owned 0.16% of Alpha Metallurgical Resources at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Harbor Capital Advisors Inc. purchased a new position in Alpha Metallurgical Resources in the third quarter valued at approximately $36,000. FNY Investment Advisers LLC purchased a new position in shares of Alpha Metallurgical Resources in the 4th quarter valued at $50,000. PNC Financial Services Group Inc. lifted its holdings in shares of Alpha Metallurgical Resources by 127.6% during the 4th quarter. PNC Financial Services Group Inc. now owns 289 shares of the energy company's stock valued at $58,000 after acquiring an additional 162 shares in the last quarter. GAMMA Investing LLC boosted its position in Alpha Metallurgical Resources by 127.7% during the 4th quarter. GAMMA Investing LLC now owns 312 shares of the energy company's stock worth $62,000 after purchasing an additional 175 shares during the period. Finally, Jones Financial Companies Lllp acquired a new stake in Alpha Metallurgical Resources in the 4th quarter valued at $82,000. 84.29% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Alpha Metallurgical Resources

In related 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 transaction of $2,429,341.33. Following the sale, the director now owns 603,342 shares of the company's stock, valued at $138,002,415.66. The trade was a 1.73 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 15.00% of the company's stock.

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Alpha Metallurgical Resources Trading Up 2.1 %

NYSE:AMR traded up $2.69 during mid-day trading on Thursday, hitting $132.64. The company had a trading volume of 232,441 shares, compared to its average volume of 214,653. Alpha Metallurgical Resources, Inc. has a 1 year low of $125.81 and a 1 year high of $361.17. The business has a fifty day simple moving average of $172.76 and a 200-day simple moving average of $204.62. The firm has a market capitalization of $1.73 billion, a price-to-earnings ratio of 4.87 and a beta of 1.50.

Alpha Metallurgical Resources (NYSE:AMR - Get Free Report) last released its quarterly earnings results on Friday, February 28th. The energy company reported ($0.16) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.09). Alpha Metallurgical Resources had a return on equity of 22.65% and a net margin of 11.08%. The company had revenue of $617.30 million for the quarter, compared to analyst estimates of $658.20 million. During the same period last year, the firm posted $12.88 earnings per share. The business's revenue was down 35.7% on a year-over-year basis. As a group, research analysts anticipate 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.