Cynosure Group LLC Decreases Position in Alpha Metallurgical Resources, Inc. (NYSE:AMR)

Cynosure Group LLC decreased its position in Alpha Metallurgical Resources, Inc. (NYSE:AMR) by 17.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,951 shares of the energy company’s stock after selling 605 shares during the period. Cynosure Group LLC’s holdings in Alpha Metallurgical Resources were worth $591,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Charles Schwab Investment Management Inc. lifted its position in shares of Alpha Metallurgical Resources by 4.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 162,883 shares of the energy company’s stock valued at $38,470,000 after buying an additional 7,241 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Alpha Metallurgical Resources in the third quarter worth about $157,000. Centiva Capital LP raised its position in shares of Alpha Metallurgical Resources by 32.6% in the third quarter. Centiva Capital LP now owns 6,969 shares of the energy company’s stock valued at $1,646,000 after purchasing an additional 1,715 shares during the period. HighTower Advisors LLC bought a new stake in shares of Alpha Metallurgical Resources in the third quarter valued at approximately $640,000. Finally, Point72 DIFC Ltd purchased a new stake in shares of Alpha Metallurgical Resources during the 3rd quarter valued at approximately $128,000. 84.29% of the stock is owned by institutional investors.

Alpha Metallurgical Resources Price Performance

Shares of AMR stock opened at $128.33 on Wednesday. The stock has a market capitalization of $1.68 billion, a price-to-earnings ratio of 4.71 and a beta of 1.50. The company’s fifty day simple moving average is $155.15 and its two-hundred day simple moving average is $196.02. Alpha Metallurgical Resources, Inc. has a 1 year low of $121.36 and a 1 year high of $361.17.

Alpha Metallurgical Resources (NYSE:AMR) last announced 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 company had revenue of $617.30 million during 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%. Alpha Metallurgical Resources’s revenue for the quarter was down 35.7% compared to the same quarter last year. During the same quarter last year, the firm posted $12.88 earnings per share. Equities research analysts anticipate that Alpha Metallurgical Resources, Inc. will post 14.31 EPS for the current 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.