Proficio Capital Partners LLC Takes Position in Alpha Metallurgical Resources, Inc. (NYSE:AMR)

Proficio Capital Partners LLC bought a new position in Alpha Metallurgical Resources, Inc. (NYSE:AMR) in the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 17,811 shares of the energy company’s stock, valued at approximately $3,564,000. Proficio Capital Partners LLC owned about 0.14% of Alpha Metallurgical Resources as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Pacer Advisors Inc. increased its position in shares of Alpha Metallurgical Resources by 30.2% during the third quarter. Pacer Advisors Inc. now owns 798,584 shares of the energy company’s stock worth $188,610,000 after acquiring an additional 185,376 shares during the period. Hosking Partners LLP grew its stake in shares of Alpha Metallurgical Resources by 76.6% during the fourth 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 in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of 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 acquiring an additional 20,636 shares during the last quarter. Barclays PLC increased its stake in Alpha Metallurgical Resources by 309.2% in the third quarter. Barclays PLC now owns 18,646 shares of the energy company’s stock valued at $4,402,000 after purchasing an additional 14,089 shares during the last quarter. Finally, Intech Investment Management LLC acquired a new stake in Alpha Metallurgical Resources during the 3rd quarter worth $3,304,000. Hedge funds and other institutional investors own 84.29% of the company’s stock.

Alpha Metallurgical Resources Trading Down 3.6 %

Shares of NYSE AMR opened at $126.70 on Tuesday. The stock has a market cap of $1.65 billion, a P/E ratio of 4.65 and a beta of 1.50. The stock has a 50 day moving average of $168.77 and a two-hundred day moving average of $202.27. Alpha Metallurgical Resources, Inc. has a twelve month low of $125.81 and a twelve month high of $361.17.

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

Alpha Metallurgical Resources Company 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.