Jones Financial Companies Lllp Purchases Shares of 408 Alpha Metallurgical Resources, Inc. (NYSE:AMR)

Jones Financial Companies Lllp purchased a new stake in Alpha Metallurgical Resources, Inc. (NYSE:AMR) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 408 shares of the energy company’s stock, valued at approximately $82,000.

Other institutional investors also recently modified their holdings of the company. FNY Investment Advisers LLC acquired a new position in shares of Alpha Metallurgical Resources during the 4th quarter worth about $50,000. GAMMA Investing LLC increased its stake 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 purchasing an additional 175 shares during the last quarter. KBC Group NV increased its stake 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 purchasing an additional 175 shares during the last quarter. Quest Partners LLC acquired a new position in shares of Alpha Metallurgical Resources during the 3rd quarter worth about $116,000. Finally, Point72 DIFC Ltd acquired a new position in shares of Alpha Metallurgical Resources during the 3rd quarter worth about $128,000. 84.29% of the stock is currently owned by institutional investors and hedge funds.

Alpha Metallurgical Resources Price Performance

Alpha Metallurgical Resources stock opened at $131.33 on Monday. The firm has a market capitalization of $1.71 billion, a PE ratio of 4.82 and a beta of 1.50. The company’s 50-day moving average is $170.06 and its 200-day moving average is $203.07. Alpha Metallurgical Resources, Inc. has a fifty-two week low of $125.81 and a fifty-two week high of $361.17.

Alpha Metallurgical Resources (NYSE:AMR) last released its quarterly earnings data on Friday, February 28th. The energy company reported ($0.16) earnings per share for the quarter, missing the consensus estimate 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 firm had revenue of $617.30 million for the quarter, compared to analyst estimates of $658.20 million. During the same quarter in the prior year, the firm earned $12.88 earnings per share. The firm’s revenue for the quarter was down 35.7% on a year-over-year basis. As a group, 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.