Cynosure Group LLC Sells 605 Shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR)

Cynosure Group LLC cut its holdings in shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR) by 17.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,951 shares of the energy company’s stock after selling 605 shares during the period. Cynosure Group LLC’s holdings in Alpha Metallurgical Resources were worth $591,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. New Age Alpha Advisors LLC purchased a new stake in shares of Alpha Metallurgical Resources in the fourth quarter worth approximately $40,000. FNY Investment Advisers LLC bought a new position in Alpha Metallurgical Resources during the 4th quarter valued at $50,000. PNC Financial Services Group Inc. boosted its holdings in 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 worth $58,000 after acquiring an additional 162 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of Alpha Metallurgical Resources by 127.7% in the fourth quarter. GAMMA Investing LLC now owns 312 shares of the energy company’s stock valued at $62,000 after purchasing an additional 175 shares during the last quarter. Finally, Jones Financial Companies Lllp bought a new position in shares of Alpha Metallurgical Resources during the fourth quarter valued at about $82,000. Institutional investors and hedge funds own 84.29% of the company’s stock.

Alpha Metallurgical Resources Stock Performance

Alpha Metallurgical Resources stock opened at $128.33 on Wednesday. The stock has a market cap of $1.68 billion, a PE ratio of 4.71 and a beta of 1.50. Alpha Metallurgical Resources, Inc. has a fifty-two week low of $121.36 and a fifty-two week high of $361.17. The firm’s 50-day simple moving average is $155.15 and its 200 day simple moving average is $196.02.

Alpha Metallurgical Resources (NYSE:AMR) last released its earnings results 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). The business had revenue of $617.30 million during the quarter, compared to the consensus estimate of $658.20 million. Alpha Metallurgical Resources had a net margin of 11.08% and a return on equity of 22.65%. The business’s revenue was down 35.7% on a year-over-year basis. During the same period in the prior year, the company earned $12.88 earnings per share. As a group, analysts predict that Alpha Metallurgical Resources, Inc. will post 14.31 EPS for the current fiscal 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.