Wealthfront Advisers LLC Acquires New Holdings in Alpha Metallurgical Resources, Inc. (NYSE:AMR)

Wealthfront Advisers LLC acquired a new stake in Alpha Metallurgical Resources, Inc. (NYSE:AMR - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 9,203 shares of the energy company's stock, valued at approximately $2,024,000. Wealthfront Advisers LLC owned approximately 0.07% of Alpha Metallurgical Resources at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in AMR. Empowered Funds LLC grew its position in shares of Alpha Metallurgical Resources by 69.7% during the 4th quarter. Empowered Funds LLC now owns 12,139 shares of the energy company's stock worth $2,429,000 after buying an additional 4,985 shares during the period. Ruffer LLP acquired a new stake in shares of Alpha Metallurgical Resources during the 4th quarter worth approximately $4,100,000. Barclays PLC grew its position in shares of Alpha Metallurgical Resources by 309.2% during the 3rd quarter. Barclays PLC now owns 18,646 shares of the energy company's stock worth $4,402,000 after buying an additional 14,089 shares during the period. Proficio Capital Partners LLC acquired a new stake in shares of Alpha Metallurgical Resources during the 4th quarter worth approximately $3,564,000. Finally, Victory Capital Management Inc. grew its position in shares of Alpha Metallurgical Resources by 22.4% during the 3rd quarter. Victory Capital Management Inc. now owns 15,441 shares of the energy company's stock worth $3,647,000 after buying an additional 2,823 shares during the period. Institutional investors and hedge funds own 84.29% of the company's stock.

Alpha Metallurgical Resources Trading Down 2.7 %

Shares of NYSE:AMR traded down $3.50 during trading on Wednesday, hitting $126.46. 291,341 shares of the company's stock were exchanged, compared to its average volume of 210,868. Alpha Metallurgical Resources, Inc. has a 1-year low of $123.57 and a 1-year high of $361.17. The firm has a 50-day moving average price of $167.59 and a two-hundred day moving average price of $201.51. The firm has a market cap of $1.65 billion, a P/E ratio of 4.64 and a beta of 1.50.

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Alpha Metallurgical Resources (NYSE:AMR - Get Free Report) last issued its quarterly earnings data 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). The firm had revenue of $617.30 million for the quarter, compared to analyst estimates of $658.20 million. Alpha Metallurgical Resources had a net margin of 11.08% and a return on equity of 22.65%. The firm's revenue for the quarter was down 35.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $12.88 EPS. As a group, research analysts predict that Alpha Metallurgical Resources, Inc. will post 14.31 EPS for the current year.

Alpha Metallurgical Resources 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.