Farther Finance Advisors LLC Sells 295 Shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR)

Farther Finance Advisors LLC reduced its holdings in shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR) by 16.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,537 shares of the energy company’s stock after selling 295 shares during the period. Farther Finance Advisors LLC’s holdings in Alpha Metallurgical Resources were worth $308,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the business. Pacer Advisors Inc. grew its stake 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 valued at $188,610,000 after buying an additional 185,376 shares during the last quarter. Hosking Partners LLP lifted its position in Alpha Metallurgical Resources by 76.6% in the fourth quarter. Hosking Partners LLP now owns 55,220 shares of the energy company’s stock valued at $11,051,000 after purchasing an additional 23,944 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Alpha Metallurgical Resources by 12.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 183,519 shares of the energy company’s stock valued at $36,726,000 after purchasing an additional 20,636 shares during the period. Ruffer LLP bought a new position in shares of Alpha Metallurgical Resources in the fourth quarter worth approximately $4,100,000. Finally, Proficio Capital Partners LLC purchased a new position in shares of Alpha Metallurgical Resources in the fourth quarter worth $3,564,000. 84.29% of the stock is currently owned by institutional investors.

Alpha Metallurgical Resources Trading Down 3.6 %

Shares of NYSE:AMR opened at $126.70 on Tuesday. The company has a 50-day moving average price of $168.77 and a 200-day moving average price of $202.27. The company has a market cap of $1.65 billion, a price-to-earnings ratio of 4.65 and a beta of 1.50. Alpha Metallurgical Resources, Inc. has a 12 month low of $125.81 and a 12 month high of $361.17.

Alpha Metallurgical Resources (NYSE:AMR) last released its quarterly earnings data 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 return on equity of 22.65% and a net margin of 11.08%. The business had revenue of $617.30 million during the quarter, compared to analysts’ expectations of $658.20 million. During the same quarter last year, the business posted $12.88 EPS. The company’s quarterly revenue was down 35.7% compared to the same quarter last year. As a group, research analysts forecast that Alpha Metallurgical Resources, Inc. will post 14.31 EPS for the current fiscal 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.