1 week Ago By Defense World Staff
Geode Capital Management LLC trimmed its position in Alpha Metallurgical Resources, Inc. ( NYSE:AMR – Free Report ) by 0.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission.
The institutional investor owned 249,051 shares of the energy company’s stock after selling 371 shares during the quarter. Geode Capital Management LLC owned about 1.91% of Alpha Metallurgical Resources worth $49,853,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. New Age Alpha Advisors LLC purchased a new position in shares of Alpha Metallurgical Resources during the 4th quarter valued at $40,000. FNY Investment Advisers LLC bought a new position in shares of Alpha Metallurgical Resources in the fourth quarter worth about $50,000.
PNC Financial Services Group Inc. grew its position in shares of Alpha Metallurgical Resources by 127.6% during the fourth quarter.
PNC Financial Services Group Inc. now owns 289 shares of the energy company’s stock worth $58,000 after purchasing an additional 162 shares in the last quarter. GAMMA Investing LLC raised its stake in Alpha Metallurgical Resources by 127.
7% during the 4th quarter. GAMMA Investing LLC now owns 312 shares of the energy company’s stock valued at $62,000 after purchasing an additional 175 shares during the period. Finally, Jones Financial Companies Lllp purchased a new position in Alpha Metallurgical Resources in the 4th quarter worth approximately $82,000.
Institutional investors own 84.29% of the company’s stock. Wall Street Analysts Forecast Growth Separately, B.
Riley cut their price objective on shares of Alpha Metallurgical Resources from $272.00 to $183.00 and set a “buy” rating for the company in a report on Friday.
Alpha Metallurgical Resources Stock Up 7.2 % Shares of Alpha Metallurgical Resources stock opened at $118.43 on Monday.
Alpha Metallurgical Resources, Inc. has a twelve month low of $100.00 and a twelve month high of $361.
17. The business has a 50-day moving average price of $140.35 and a 200-day moving average price of $189.
08. The firm has a market cap of $1.55 billion, a price-to-earnings ratio of 4.
35 and a beta of 1.08. Alpha Metallurgical Resources ( NYSE:AMR – Get Free Report ) last released 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). The firm had revenue of $617.30 million for the quarter, compared to analysts’ expectations of $658.
20 million. Alpha Metallurgical Resources had a net margin of 11.08% and a return on equity of 22.
65%. The business’s quarterly revenue was down 35.7% compared to the same quarter last year.
During the same quarter in the prior year, the business earned $12.88 EPS. On average, equities analysts expect that Alpha Metallurgical Resources, Inc.
will post 14.31 EPS for the current fiscal year. Alpha Metallurgical Resources Profile ( Free Report ) 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.
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