Anthracite Investment Company Inc. Sells 4,400 Shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR)

Anthracite Investment Company Inc. lowered its stake in shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR) by 62.9% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 2,600 shares of the energy company’s stock after selling 4,400 shares during the period. Anthracite Investment Company Inc.’s holdings in Alpha Metallurgical Resources were worth $520,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Empowered Funds LLC increased its holdings in shares of Alpha Metallurgical Resources by 69.7% in the 4th quarter. Empowered Funds LLC now owns 12,139 shares of the energy company’s stock worth $2,429,000 after buying an additional 4,985 shares during the last quarter. Ruffer LLP purchased a new position in Alpha Metallurgical Resources during the 4th quarter worth $4,100,000. Barclays PLC grew its position in shares of Alpha Metallurgical Resources by 309.2% during the 3rd quarter. Barclays PLC now owns 18,646 shares of the energy company’s stock worth $4,402,000 after buying an additional 14,089 shares in the last quarter. Proficio Capital Partners LLC purchased a new position in shares of Alpha Metallurgical Resources during the fourth quarter valued at $3,564,000. Finally, Impala Asset Management LLC bought a new stake in shares of Alpha Metallurgical Resources in the third quarter valued at about $1,181,000. Hedge funds and other institutional investors own 84.29% of the company’s stock.

Alpha Metallurgical Resources Trading Up 0.7 %

Shares of NYSE AMR opened at $130.38 on Wednesday. The stock’s fifty day simple moving average is $161.55 and its two-hundred day simple moving average is $198.44. Alpha Metallurgical Resources, Inc. has a 12-month low of $122.00 and a 12-month high of $361.17. The stock has a market capitalization of $1.70 billion, a PE ratio of 4.78 and a beta of 1.50.

Alpha Metallurgical Resources (NYSE:AMR) last released its quarterly earnings data on Friday, February 28th. The energy company reported ($0.16) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.09). Alpha Metallurgical Resources had a net margin of 11.08% and a return on equity of 22.65%. The business had revenue of $617.30 million during the quarter, compared to analysts’ expectations of $658.20 million. During the same period last year, the company earned $12.88 earnings per share. The firm’s revenue was down 35.7% on a year-over-year basis. On average, equities analysts predict that Alpha Metallurgical Resources, Inc. will post 14.31 earnings per share for the current fiscal 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.