Corebridge Financial Inc. Sells 458 Shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR)

Corebridge Financial Inc. decreased its holdings in shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR) by 7.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,848 shares of the energy company’s stock after selling 458 shares during the quarter. Corebridge Financial Inc.’s holdings in Alpha Metallurgical Resources were worth $1,170,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in AMR. FNY Investment Advisers LLC acquired a new position in shares of Alpha Metallurgical Resources during the fourth quarter valued at about $50,000. PNC Financial Services Group Inc. raised its holdings 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 lifted its position in shares of Alpha Metallurgical Resources by 127.7% in 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 period. Jones Financial Companies Lllp acquired a new stake in shares of Alpha Metallurgical Resources during the 4th quarter worth approximately $82,000. Finally, KBC Group NV grew its holdings 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 in the last quarter. Institutional investors and hedge funds own 84.29% of the company’s stock.

Alpha Metallurgical Resources Trading Down 6.8 %

Shares of NYSE AMR opened at $107.88 on Friday. The firm has a market capitalization of $1.41 billion, a price-to-earnings ratio of 3.96 and a beta of 1.08. Alpha Metallurgical Resources, Inc. has a one year low of $104.23 and a one year high of $361.17. The business has a fifty day simple moving average of $150.41 and a 200 day simple moving average of $194.26.

Alpha Metallurgical Resources (NYSE:AMR) last released 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 the consensus estimate of $658.20 million. During the same period in the previous year, the business posted $12.88 earnings per share. Alpha Metallurgical Resources’s revenue was down 35.7% on a year-over-year basis. On average, research analysts anticipate that Alpha Metallurgical Resources, Inc. will post 14.31 earnings per share for the current fiscal 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.