Alpha Metallurgical Resources, Inc. (NYSE:AMR) Shares Acquired by X Square Capital LLC

X Square Capital LLC increased its stake in shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR) by 2.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,005 shares of the energy company’s stock after purchasing an additional 84 shares during the quarter. X Square Capital LLC’s holdings in Alpha Metallurgical Resources were worth $601,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Empowered Funds LLC increased its stake in Alpha Metallurgical Resources by 69.7% in the fourth quarter. Empowered Funds LLC now owns 12,139 shares of the energy company’s stock valued at $2,429,000 after purchasing an additional 4,985 shares during the last quarter. Ruffer LLP purchased a new position in shares of Alpha Metallurgical Resources in the 4th quarter valued at $4,100,000. Barclays PLC lifted its position in Alpha Metallurgical Resources by 309.2% in the third quarter. Barclays PLC now owns 18,646 shares of the energy company’s stock valued at $4,402,000 after acquiring an additional 14,089 shares during the last quarter. Proficio Capital Partners LLC acquired a new position in Alpha Metallurgical Resources in the fourth quarter valued at $3,564,000. Finally, Impala Asset Management LLC purchased a new position in shares of Alpha Metallurgical Resources during the third quarter worth about $1,181,000. Institutional investors and hedge funds own 84.29% of the company’s stock.

Alpha Metallurgical Resources Stock Performance

Alpha Metallurgical Resources stock opened at $132.21 on Friday. The company has a market capitalization of $1.73 billion, a P/E ratio of 4.85 and a beta of 1.50. Alpha Metallurgical Resources, Inc. has a fifty-two week low of $122.00 and a fifty-two week high of $361.17. The stock has a 50-day simple moving average of $159.17 and a 200-day simple moving average of $197.51.

Alpha Metallurgical Resources (NYSE:AMR) last announced its earnings results on Friday, February 28th. The energy company reported ($0.16) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.09). The business had revenue of $617.30 million during the quarter, compared to analyst estimates of $658.20 million. Alpha Metallurgical Resources had a net margin of 11.08% and a return on equity of 22.65%. During the same period in the previous year, the firm earned $12.88 earnings per share. The business’s revenue was down 35.7% compared to the same quarter last year. As a group, analysts forecast that Alpha Metallurgical Resources, Inc. will post 14.31 earnings per share for the current year.

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.