Wellington Management Group LLP Buys 8,386 Shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR)

Wellington Management Group LLP increased its stake in shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR) by 17.3% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 56,901 shares of the energy company’s stock after acquiring an additional 8,386 shares during the period. Wellington Management Group LLP’s holdings in Alpha Metallurgical Resources were worth $11,387,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. X Square Capital LLC lifted its position in shares of Alpha Metallurgical Resources by 2.9% during the 4th quarter. X Square Capital LLC now owns 3,005 shares of the energy company’s stock worth $601,000 after buying an additional 84 shares during the period. Swiss National Bank raised its position in Alpha Metallurgical Resources by 0.5% in the 4th quarter. Swiss National Bank now owns 21,700 shares of the energy company’s stock valued at $4,343,000 after purchasing an additional 100 shares during the last quarter. O Shaughnessy Asset Management LLC raised its position in Alpha Metallurgical Resources by 2.1% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 7,586 shares of the energy company’s stock valued at $1,518,000 after purchasing an additional 159 shares during the last quarter. PNC Financial Services Group Inc. raised its position in Alpha Metallurgical Resources by 127.6% in the 4th quarter. PNC Financial Services Group Inc. now owns 289 shares of the energy company’s stock valued at $58,000 after purchasing an additional 162 shares during the last quarter. Finally, GAMMA Investing LLC raised its position in Alpha Metallurgical Resources by 127.7% in the 4th quarter. GAMMA Investing LLC now owns 312 shares of the energy company’s stock valued at $62,000 after purchasing an additional 175 shares during the last quarter. Institutional investors own 84.29% of the company’s stock.

Alpha Metallurgical Resources Stock Performance

Shares of AMR opened at $116.65 on Thursday. The stock has a fifty day moving average price of $143.09 and a two-hundred day moving average price of $190.95. Alpha Metallurgical Resources, Inc. has a 52-week low of $100.00 and a 52-week high of $361.17. The company has a market cap of $1.52 billion, a price-to-earnings ratio of 4.28 and a beta of 1.08.

Alpha Metallurgical Resources (NYSE:AMR) last issued its quarterly earnings data on Friday, February 28th. The energy company reported ($0.16) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.09). The business had revenue of $617.30 million during the quarter, compared to the consensus estimate 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 revenue for the quarter was down 35.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $12.88 EPS. As a group, research analysts predict that Alpha Metallurgical Resources, Inc. will post 14.31 EPS for the current fiscal year.

About Alpha Metallurgical Resources

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.