Corebridge Financial Inc. Sells 458 Shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR)

Corebridge Financial Inc. decreased its stake in shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR) by 7.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,848 shares of the energy company’s stock after selling 458 shares during the period. Corebridge Financial Inc.’s holdings in Alpha Metallurgical Resources were worth $1,170,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Sei Investments Co. lifted its stake in shares of Alpha Metallurgical Resources by 36.8% during the fourth quarter. Sei Investments Co. now owns 10,786 shares of the energy company’s stock valued at $2,158,000 after acquiring an additional 2,903 shares during the period. American Century Companies Inc. lifted its position in Alpha Metallurgical Resources by 9.8% during the 4th quarter. American Century Companies Inc. now owns 359,006 shares of the energy company’s stock valued at $71,844,000 after purchasing an additional 32,027 shares during the period. Magnetar Financial LLC raised its stake in shares of Alpha Metallurgical Resources by 59.3% during the fourth quarter. Magnetar Financial LLC now owns 1,568 shares of the energy company’s stock worth $314,000 after buying an additional 584 shares during the last quarter. Teacher Retirement System of Texas lifted its holdings in Alpha Metallurgical Resources by 630.2% in the fourth quarter. Teacher Retirement System of Texas now owns 22,927 shares of the energy company’s stock valued at $4,588,000 after buying an additional 19,787 shares during the period. Finally, Cibc World Markets Corp acquired a new stake in Alpha Metallurgical Resources during the 4th quarter worth $206,000. Institutional investors own 84.29% of the company’s stock.

Alpha Metallurgical Resources Stock Down 6.8 %

AMR stock opened at $107.88 on Friday. Alpha Metallurgical Resources, Inc. has a twelve month low of $104.23 and a twelve month high of $361.17. The company has a market cap of $1.41 billion, a P/E ratio of 3.96 and a beta of 1.08. The business’s fifty day moving average is $150.41 and its 200-day moving average is $194.26.

Alpha Metallurgical Resources (NYSE:AMR) last released its 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 analyst estimates of $658.20 million. Alpha Metallurgical Resources had a net margin of 11.08% and a return on equity of 22.65%. The company’s quarterly revenue was down 35.7% compared to the same quarter last year. During the same period in the previous year, the company posted $12.88 EPS. Research analysts anticipate that Alpha Metallurgical Resources, Inc. will post 14.31 earnings per share for the current fiscal 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.