Wedge Capital Management L L P NC Grows Stake in Alpha Metallurgical Resources, Inc. (NYSE:AMR)

Wedge Capital Management L L P NC boosted its position in shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR) by 11.4% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,247 shares of the energy company’s stock after purchasing an additional 435 shares during the quarter. Wedge Capital Management L L P NC’s holdings in Alpha Metallurgical Resources were worth $850,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Barclays PLC increased its holdings in Alpha Metallurgical Resources by 309.2% during the 3rd quarter. Barclays PLC now owns 18,646 shares of the energy company’s stock worth $4,402,000 after purchasing an additional 14,089 shares during the period. Stratos Wealth Advisors LLC increased its holdings in shares of Alpha Metallurgical Resources by 50.3% in the 3rd quarter. Stratos Wealth Advisors LLC now owns 9,878 shares of the energy company’s stock valued at $2,333,000 after acquiring an additional 3,305 shares during the period. Victory Capital Management Inc. increased its holdings in shares of Alpha Metallurgical Resources by 22.4% in the 3rd quarter. Victory Capital Management Inc. now owns 15,441 shares of the energy company’s stock valued at $3,647,000 after acquiring an additional 2,823 shares during the period. Impala Asset Management LLC purchased a new position in shares of Alpha Metallurgical Resources in the 3rd quarter valued at $1,181,000. Finally, HighTower Advisors LLC purchased a new position in shares of Alpha Metallurgical Resources in the 3rd quarter valued at $640,000. 84.29% of the stock is currently owned by hedge funds and other institutional investors.

Alpha Metallurgical Resources Trading Up 1.1 %

Shares of NYSE:AMR opened at $192.14 on Tuesday. Alpha Metallurgical Resources, Inc. has a 12-month low of $173.55 and a 12-month high of $452.00. The business’s fifty day simple moving average is $217.57 and its 200-day simple moving average is $232.92. The company has a market capitalization of $2.50 billion, a PE ratio of 7.05 and a beta of 1.48.

Alpha Metallurgical Resources (NYSE:AMR) last posted its quarterly earnings data on Friday, November 1st. The energy company reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $1.60 by ($1.31). The business had revenue of $671.90 million during the quarter, compared to analyst estimates of $672.95 million. Alpha Metallurgical Resources had a return on equity of 22.65% and a net margin of 11.08%. The firm’s revenue for the quarter was down 9.4% compared to the same quarter last year. During the same period in the previous year, the business earned $6.65 EPS. Research analysts predict that Alpha Metallurgical Resources, Inc. will post 16.87 EPS for the current year.

Analyst Ratings Changes

Separately, Benchmark reiterated a “hold” rating on shares of Alpha Metallurgical Resources in a report on Monday, November 4th.

Insider Transactions at Alpha Metallurgical Resources

In other news, Director Kenneth S. Courtis sold 10,621 shares of the firm’s stock in a transaction on Friday, December 13th. The stock was sold at an average price of $228.73, for a total value of $2,429,341.33. Following the completion of the sale, the director now owns 603,342 shares of the company’s stock, valued at $138,002,415.66. This trade represents a 1.73 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 16.40% of the company’s stock.

Alpha Metallurgical Resources 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.