Royce & Associates LP Invests $498,000 in Alpha Metallurgical Resources, Inc. (NYSE:AMR)

Royce & Associates LP purchased a new position in Alpha Metallurgical Resources, Inc. (NYSE:AMR) during the fourth quarter, HoldingsChannel.com reports. The fund purchased 2,489 shares of the energy company’s stock, valued at approximately $498,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. FNY Investment Advisers LLC purchased a new stake in shares of Alpha Metallurgical Resources in the fourth quarter worth about $50,000. PNC Financial Services Group Inc. lifted its holdings in shares of Alpha Metallurgical Resources by 127.6% in 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 in the last quarter. GAMMA Investing LLC lifted 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 worth $62,000 after buying an additional 175 shares in the last quarter. Jones Financial Companies Lllp purchased a new stake in shares of Alpha Metallurgical Resources in the fourth quarter worth about $82,000. Finally, KBC Group NV lifted its holdings in shares of Alpha Metallurgical Resources by 58.7% in the fourth quarter. KBC Group NV now owns 473 shares of the energy company’s stock worth $95,000 after buying an additional 175 shares in the last quarter. 84.29% of the stock is owned by hedge funds and other institutional investors.

Alpha Metallurgical Resources Trading Up 0.0 %

Shares of Alpha Metallurgical Resources stock opened at $125.02 on Friday. The company’s 50-day moving average price is $164.11 and its 200-day moving average price is $199.66. The company has a market cap of $1.63 billion, a price-to-earnings ratio of 4.59 and a beta of 1.50. Alpha Metallurgical Resources, Inc. has a 12-month low of $122.00 and a 12-month high of $361.17.

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