Magnetar Financial LLC Increases Position in Alpha Metallurgical Resources, Inc. (NYSE:AMR)

Magnetar Financial LLC lifted its position in shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR) by 59.3% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 1,568 shares of the energy company’s stock after buying an additional 584 shares during the period. Magnetar Financial LLC’s holdings in Alpha Metallurgical Resources were worth $314,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. FNY Investment Advisers LLC purchased a new position in Alpha Metallurgical Resources during the fourth quarter worth approximately $50,000. PNC Financial Services Group Inc. raised its stake in 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 purchasing an additional 162 shares during the period. GAMMA Investing LLC raised its stake in Alpha Metallurgical Resources by 127.7% during the fourth quarter. GAMMA Investing LLC now owns 312 shares of the energy company’s stock worth $62,000 after purchasing an additional 175 shares during the period. Jones Financial Companies Lllp purchased a new position in Alpha Metallurgical Resources during the fourth quarter worth approximately $82,000. Finally, KBC Group NV raised its stake 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 valued at $95,000 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 Up 0.0 %

Shares of AMR stock opened at $125.02 on Friday. The company’s fifty day simple moving average is $164.11 and its 200-day simple moving average is $199.54. Alpha Metallurgical Resources, Inc. has a 52 week low of $122.00 and a 52 week high of $361.17. The company has a market cap of $1.63 billion, a PE 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 for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.09). The firm had revenue of $617.30 million for the quarter, compared to analyst estimates of $658.20 million. Alpha Metallurgical Resources had a net margin of 11.08% and a return on equity of 22.65%. Alpha Metallurgical Resources’s revenue for the quarter was down 35.7% on a year-over-year basis. During the same period in the previous year, the business posted $12.88 earnings per share. Equities research analysts expect that Alpha Metallurgical Resources, Inc. will post 14.31 EPS for the current fiscal 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.