PNC Financial Services Group Inc. Boosts Stock Position in Alpha Metallurgical Resources, Inc. (NYSE:AMR)

PNC Financial Services Group Inc. lifted its holdings in shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR) by 127.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 289 shares of the energy company’s stock after buying an additional 162 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Alpha Metallurgical Resources were worth $58,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in AMR. Quest Partners LLC purchased a new position in Alpha Metallurgical Resources in the 3rd quarter valued at about $116,000. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Alpha Metallurgical Resources in the third quarter valued at approximately $501,000. Charles Schwab Investment Management Inc. increased its position in shares of Alpha Metallurgical Resources by 4.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 162,883 shares of the energy company’s stock worth $38,470,000 after purchasing an additional 7,241 shares in the last quarter. Larson Financial Group LLC lifted its holdings in Alpha Metallurgical Resources by 100,000.0% in the 3rd quarter. Larson Financial Group LLC now owns 1,001 shares of the energy company’s stock valued at $236,000 after purchasing an additional 1,000 shares in the last quarter. Finally, Cynosure Group LLC boosted its stake in Alpha Metallurgical Resources by 183.8% during the 3rd quarter. Cynosure Group LLC now owns 3,556 shares of the energy company’s stock worth $840,000 after purchasing an additional 2,303 shares during the last quarter. Hedge funds and other institutional investors own 84.29% of the company’s stock.

Alpha Metallurgical Resources Trading Down 0.1 %

AMR stock opened at $130.11 on Thursday. The firm has a 50-day moving average of $160.33 and a two-hundred day moving average of $197.97. Alpha Metallurgical Resources, Inc. has a 12 month low of $122.00 and a 12 month high of $361.17. The company has a market cap of $1.70 billion, a price-to-earnings ratio of 4.77 and a beta of 1.50.

Alpha Metallurgical Resources (NYSE:AMR) last announced its quarterly earnings results 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 net margin of 11.08% and a return on equity of 22.65%. The firm had revenue of $617.30 million for the quarter, compared to analyst estimates of $658.20 million. During the same period in the previous year, the firm posted $12.88 EPS. The company’s revenue was down 35.7% compared to the same quarter last year. As a group, equities analysts forecast that Alpha Metallurgical Resources, Inc. will post 14.31 earnings per share 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.