Wealthfront Advisers LLC Acquires Shares of 9,203 Alpha Metallurgical Resources, Inc. (NYSE:AMR)

Wealthfront Advisers LLC acquired a new stake in shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 9,203 shares of the energy company’s stock, valued at approximately $2,024,000. Wealthfront Advisers LLC owned about 0.07% of Alpha Metallurgical Resources at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. boosted its stake 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 valued at $58,000 after acquiring an additional 162 shares during the last quarter. GAMMA Investing LLC boosted its stake in Alpha Metallurgical Resources by 127.7% during 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 last quarter. KBC Group NV lifted its position in shares of Alpha Metallurgical Resources by 58.7% in the 4th quarter. KBC Group NV now owns 473 shares of the energy company’s stock worth $95,000 after buying an additional 175 shares during the last quarter. SG Americas Securities LLC lifted its position in shares of Alpha Metallurgical Resources by 7.3% in the 4th quarter. SG Americas Securities LLC now owns 2,751 shares of the energy company’s stock worth $551,000 after buying an additional 187 shares during the last quarter. Finally, Exchange Traded Concepts LLC lifted its position in shares of Alpha Metallurgical Resources by 2.5% in the 4th quarter. Exchange Traded Concepts LLC now owns 8,974 shares of the energy company’s stock worth $1,796,000 after buying an additional 219 shares during the last quarter. 84.29% of the stock is currently owned by institutional investors.

Alpha Metallurgical Resources Stock Performance

Alpha Metallurgical Resources stock opened at $131.33 on Friday. The firm’s 50-day moving average is $170.06 and its 200-day moving average is $203.49. Alpha Metallurgical Resources, Inc. has a 1 year low of $125.81 and a 1 year high of $361.17. The company has a market cap of $1.71 billion, a P/E ratio of 4.82 and a beta of 1.50.

Alpha Metallurgical Resources (NYSE:AMR) last posted its quarterly earnings results 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). 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 quarter in the previous year, the business posted $12.88 earnings per share. The company’s quarterly revenue was down 35.7% compared to the same quarter last year. As a group, sell-side analysts predict that Alpha Metallurgical Resources, Inc. will post 14.31 earnings per share 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.