Alpha Metallurgical Resources, Inc. (NYSE:AMR) Shares Acquired by Wellington Management Group LLP

Wellington Management Group LLP boosted its holdings in shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR - Free Report) by 17.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 56,901 shares of the energy company's stock after buying an additional 8,386 shares during the period. Wellington Management Group LLP owned approximately 0.44% of Alpha Metallurgical Resources worth $11,387,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also modified their holdings of the company. Empowered Funds LLC raised its holdings in shares of Alpha Metallurgical Resources by 69.7% in the fourth 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 last quarter. Ruffer LLP purchased a new position in Alpha Metallurgical Resources in the 4th quarter worth $4,100,000. Barclays PLC lifted its position in 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 acquiring an additional 14,089 shares during the period. Proficio Capital Partners LLC purchased a new stake in Alpha Metallurgical Resources during the 4th quarter valued at about $3,564,000. Finally, Sei Investments Co. increased its holdings in shares of Alpha Metallurgical Resources by 36.8% in the fourth quarter. Sei Investments Co. now owns 10,786 shares of the energy company's stock valued at $2,158,000 after purchasing an additional 2,903 shares during the period. Hedge funds and other institutional investors own 84.29% of the company's stock.

Alpha Metallurgical Resources Stock Up 0.1 %

Shares of NYSE:AMR traded up $0.12 during midday trading on Tuesday, reaching $116.03. The company's stock had a trading volume of 72,602 shares, compared to its average volume of 226,630. The stock has a fifty day moving average of $138.97 and a 200 day moving average of $188.21. Alpha Metallurgical Resources, Inc. has a twelve month low of $100.00 and a twelve month high of $361.17. The firm has a market capitalization of $1.51 billion, a PE ratio of 4.26 and a beta of 1.08.

Alpha Metallurgical Resources (NYSE:AMR - Get Free Report) last released its quarterly earnings data on Friday, February 28th. The energy company reported ($0.16) earnings per share 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 company had revenue of $617.30 million for the quarter, compared to analysts' expectations of $658.20 million. During the same quarter in the previous year, the business posted $12.88 EPS. The business's quarterly revenue was down 35.7% on a year-over-year basis. Sell-side analysts anticipate that Alpha Metallurgical Resources, Inc. will post 14.31 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, B. Riley decreased their target price on Alpha Metallurgical Resources from $272.00 to $183.00 and set a "buy" rating for the company in a report on Friday.

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.