Alpha Metallurgical Resources, Inc. (NYSE:AMR) Shares Acquired by Old West Investment Management LLC

Old West Investment Management LLC lifted its position in Alpha Metallurgical Resources, Inc. (NYSE:AMR) by 173.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 12,227 shares of the energy company’s stock after purchasing an additional 7,759 shares during the quarter. Alpha Metallurgical Resources makes up 1.0% of Old West Investment Management LLC’s investment portfolio, making the stock its 28th biggest holding. Old West Investment Management LLC owned about 0.09% of Alpha Metallurgical Resources worth $2,447,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. X Square Capital LLC raised its position in Alpha Metallurgical Resources by 2.9% in the 4th quarter. X Square Capital LLC now owns 3,005 shares of the energy company’s stock valued at $601,000 after purchasing an additional 84 shares during the last quarter. Swiss National Bank raised its holdings in shares of Alpha Metallurgical Resources by 0.5% in the fourth quarter. Swiss National Bank now owns 21,700 shares of the energy company’s stock valued at $4,343,000 after buying an additional 100 shares during the last quarter. O Shaughnessy Asset Management LLC boosted its stake in shares of Alpha Metallurgical Resources by 2.1% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 7,586 shares of the energy company’s stock worth $1,518,000 after buying an additional 159 shares during the period. PNC Financial Services Group Inc. grew its holdings in shares of Alpha Metallurgical Resources by 127.6% during the fourth quarter. PNC Financial Services Group Inc. now owns 289 shares of the energy company’s stock worth $58,000 after buying an additional 162 shares during the last quarter. Finally, GAMMA Investing LLC increased its position in Alpha Metallurgical Resources by 127.7% in the 4th quarter. GAMMA Investing LLC now owns 312 shares of the energy company’s stock valued at $62,000 after acquiring an additional 175 shares during the period. Hedge funds and other institutional investors own 84.29% of the company’s stock.

Alpha Metallurgical Resources Trading Down 6.8 %

NYSE:AMR opened at $107.88 on Friday. Alpha Metallurgical Resources, Inc. has a 12-month low of $104.23 and a 12-month high of $361.17. The stock’s 50 day simple moving average is $150.41 and its 200-day simple moving average is $194.26. The firm has a market cap of $1.41 billion, a P/E ratio of 3.96 and a beta of 1.08.

Alpha Metallurgical Resources (NYSE:AMR) last released its 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). The firm had revenue of $617.30 million during the quarter, compared to analyst estimates of $658.20 million. Alpha Metallurgical Resources had a return on equity of 22.65% and a net margin of 11.08%. The firm’s revenue was down 35.7% on a year-over-year basis. During the same quarter last year, the business posted $12.88 EPS. Research analysts forecast that Alpha Metallurgical Resources, Inc. will post 14.31 EPS 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.