Alpha Metallurgical Resources, Inc. (NYSE:AMR) Stock Position Increased by Magnetar Financial LLC

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

Several other hedge funds have also recently bought and sold shares of AMR. FNY Investment Advisers LLC bought a new stake in Alpha Metallurgical Resources in the 4th quarter valued at about $50,000. PNC Financial Services Group Inc. raised its position in shares of Alpha Metallurgical Resources by 127.6% during the 4th 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 raised its position in shares of Alpha Metallurgical Resources by 127.7% during the 4th 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 bought a new stake in shares of Alpha Metallurgical Resources during the 4th quarter worth about $82,000. Finally, KBC Group NV raised its position in shares of Alpha Metallurgical Resources by 58.7% during the 4th 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 currently owned by institutional investors.

Alpha Metallurgical Resources Trading Up 0.0 %

AMR stock opened at $125.02 on Friday. 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 capitalization of $1.63 billion, a price-to-earnings ratio of 4.59 and a beta of 1.50. The firm’s 50-day moving average is $164.11 and its two-hundred day moving average is $199.54.

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). Alpha Metallurgical Resources had a return on equity of 22.65% and a net margin of 11.08%. The company had revenue of $617.30 million for the quarter, compared to the consensus estimate of $658.20 million. During the same quarter last year, the firm posted $12.88 earnings per share. The firm’s quarterly revenue was down 35.7% compared to the same quarter last year. On average, equities research analysts predict that Alpha Metallurgical Resources, Inc. will post 14.31 earnings per share for the current 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.