Alpha Metallurgical Resources, Inc. (NYSE:AMR) Shares Sold by Intech Investment Management LLC

Intech Investment Management LLC lowered its holdings in Alpha Metallurgical Resources, Inc. (NYSE:AMR) by 36.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,868 shares of the energy company’s stock after selling 5,122 shares during the period. Intech Investment Management LLC owned approximately 0.07% of Alpha Metallurgical Resources worth $1,775,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. Cibc World Markets Corp acquired a new stake in Alpha Metallurgical Resources in the 4th quarter valued at $206,000. Royce & Associates LP purchased a new stake in shares of Alpha Metallurgical Resources during the 4th quarter valued at about $498,000. Swiss National Bank lifted its position in Alpha Metallurgical Resources by 0.5% during the 4th quarter. Swiss National Bank now owns 21,700 shares of the energy company’s stock worth $4,343,000 after acquiring an additional 100 shares in the last quarter. Wealthfront Advisers LLC acquired a new position in Alpha Metallurgical Resources during the 4th quarter worth approximately $2,024,000. Finally, Ruffer LLP purchased a new position in Alpha Metallurgical Resources in the 4th quarter worth approximately $4,100,000. Hedge funds and other institutional investors own 84.29% of the company’s stock.

Alpha Metallurgical Resources Stock Down 1.3 %

AMR opened at $125.20 on Friday. The firm’s 50 day moving average is $165.14 and its 200-day moving average is $200.46. Alpha Metallurgical Resources, Inc. has a 52-week low of $122.20 and a 52-week high of $361.17. The firm has a market capitalization of $1.63 billion, a P/E ratio of 4.59 and a beta of 1.50.

Alpha Metallurgical Resources (NYSE:AMR) last released its quarterly 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 firm had revenue of $617.30 million for the quarter, compared to analysts’ expectations of $658.20 million. Alpha Metallurgical Resources had a return on equity of 22.65% and a net margin of 11.08%. The business’s quarterly revenue was down 35.7% on a year-over-year basis. During the same period last year, the firm earned $12.88 EPS. Equities analysts expect that Alpha Metallurgical Resources, Inc. will post 14.31 earnings per share 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.