HighTower Advisors LLC Has $267,000 Stake in Alpha Metallurgical Resources, Inc. (NYSE:AMR)

HighTower Advisors LLC lowered its holdings in shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR) by 51.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,336 shares of the energy company’s stock after selling 1,409 shares during the quarter. HighTower Advisors LLC’s holdings in Alpha Metallurgical Resources were worth $267,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. FNY Investment Advisers LLC bought a new stake in shares of Alpha Metallurgical Resources in the fourth quarter valued at about $50,000. PNC Financial Services Group Inc. lifted its stake in Alpha Metallurgical Resources by 127.6% in the 4th quarter. PNC Financial Services Group Inc. now owns 289 shares of the energy company’s stock valued at $58,000 after acquiring an additional 162 shares in the last quarter. GAMMA Investing LLC boosted its position in 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 acquiring an additional 175 shares during the last quarter. Jones Financial Companies Lllp acquired a new stake in shares of Alpha Metallurgical Resources in the fourth quarter valued at approximately $82,000. Finally, KBC Group NV lifted its position in shares of Alpha Metallurgical Resources by 58.7% in the fourth quarter. KBC Group NV now owns 473 shares of the energy company’s stock worth $95,000 after purchasing an additional 175 shares in the last quarter. Institutional investors own 84.29% of the company’s stock.

Alpha Metallurgical Resources Trading Down 2.3 %

Alpha Metallurgical Resources stock opened at $125.18 on Thursday. Alpha Metallurgical Resources, Inc. has a 1-year low of $121.36 and a 1-year high of $361.17. The company has a fifty day simple moving average of $153.79 and a 200 day simple moving average of $195.53. The company has a market cap of $1.63 billion, a P/E ratio of 4.59 and a beta of 1.50.

Alpha Metallurgical Resources (NYSE:AMR) last posted its quarterly earnings data 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 business 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 company earned $12.88 earnings per share. The company’s quarterly revenue was down 35.7% on a year-over-year basis. On average, equities research analysts forecast 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.