Vanguard Group Inc. Sells 34,936 Shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR)

Vanguard Group Inc. reduced its holdings in shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR - Free Report) by 2.8% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 1,201,381 shares of the energy company's stock after selling 34,936 shares during the period. Vanguard Group Inc. owned about 9.23% of Alpha Metallurgical Resources worth $240,420,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of AMR. American Century Companies Inc. increased its position in shares of Alpha Metallurgical Resources by 9.8% during the fourth quarter. American Century Companies Inc. now owns 359,006 shares of the energy company's stock worth $71,844,000 after acquiring an additional 32,027 shares during the period. Charles Schwab Investment Management Inc. grew its stake in Alpha Metallurgical Resources by 12.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 183,519 shares of the energy company's stock worth $36,726,000 after purchasing an additional 20,636 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in Alpha Metallurgical Resources by 0.5% during the 4th quarter. Bank of New York Mellon Corp now owns 82,311 shares of the energy company's stock worth $16,472,000 after purchasing an additional 428 shares during the period. Hosking Partners LLP lifted its stake in Alpha Metallurgical Resources by 76.6% in the fourth quarter. Hosking Partners LLP now owns 55,220 shares of the energy company's stock worth $11,051,000 after acquiring an additional 23,944 shares during the period. Finally, Principal Financial Group Inc. grew its holdings 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 worth $10,678,000 after acquiring an additional 1,561 shares in the last quarter. Hedge funds and other institutional investors own 84.29% of the company's stock.

Alpha Metallurgical Resources Price Performance

NYSE AMR traded down $5.80 during trading on Thursday, reaching $110.52. 335,086 shares of the company's stock traded hands, compared to its average volume of 226,056. The company's 50 day simple moving average is $141.69 and its two-hundred day simple moving average is $190.14. Alpha Metallurgical Resources, Inc. has a 12-month low of $100.00 and a 12-month high of $361.17. The firm has a market cap of $1.44 billion, a price-to-earnings ratio of 4.06 and a beta of 1.08.

Alpha Metallurgical Resources (NYSE:AMR - Get Free Report) last issued its quarterly earnings data on Friday, February 28th. The energy company reported ($0.16) EPS for the quarter, missing analysts' consensus estimates 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 business had revenue of $617.30 million during the quarter, compared to the consensus estimate of $658.20 million. During the same period last year, the firm earned $12.88 EPS. The business's quarterly revenue was down 35.7% on a year-over-year basis. Research analysts expect that Alpha Metallurgical Resources, Inc. will post 14.31 earnings per share for the current fiscal 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.