Cannell & Spears LLC Has $2.35 Million Position in Alpha Metallurgical Resources, Inc. (NYSE:AMR)

Cannell & Spears LLC lessened its stake in shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR) by 1.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 11,739 shares of the energy company’s stock after selling 174 shares during the quarter. Cannell & Spears LLC owned about 0.09% of Alpha Metallurgical Resources worth $2,349,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Norges Bank bought a new position in Alpha Metallurgical Resources in the 4th quarter valued at about $26,332,000. American Century Companies Inc. increased its stake in shares of Alpha Metallurgical Resources by 9.8% during the fourth quarter. American Century Companies Inc. now owns 359,006 shares of the energy company’s stock worth $71,844,000 after purchasing an additional 32,027 shares during the period. Hosking Partners LLP lifted its holdings in Alpha Metallurgical Resources by 76.6% during the 4th quarter. Hosking Partners LLP now owns 55,220 shares of the energy company’s stock worth $11,051,000 after purchasing an additional 23,944 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Alpha Metallurgical Resources by 12.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 183,519 shares of the energy company’s stock valued at $36,726,000 after purchasing an additional 20,636 shares during the period. Finally, Ruffer LLP acquired a new position in Alpha Metallurgical Resources in the 4th quarter valued at $4,100,000. Institutional investors own 84.29% of the company’s stock.

Alpha Metallurgical Resources Price Performance

AMR stock opened at $125.10 on Tuesday. Alpha Metallurgical Resources, Inc. has a fifty-two week low of $121.36 and a fifty-two week high of $361.17. The stock has a market capitalization of $1.63 billion, a price-to-earnings ratio of 4.59 and a beta of 1.50. The business’s fifty day moving average price is $156.52 and its two-hundred day moving average price is $196.60.

Alpha Metallurgical Resources (NYSE:AMR) last released its quarterly earnings results on Friday, February 28th. The energy company reported ($0.16) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.09). The business had revenue of $617.30 million for the quarter, compared to the consensus estimate of $658.20 million. Alpha Metallurgical Resources had a return on equity of 22.65% and a net margin of 11.08%. Alpha Metallurgical Resources’s revenue was down 35.7% compared to the same quarter last year. During the same period in the prior year, the business posted $12.88 earnings per share. Research analysts expect that Alpha Metallurgical Resources, Inc. will post 14.31 EPS 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.