Alpha Metallurgical Resources, Inc. (NYSE:AMR) Shares Acquired by Principal Financial Group Inc.

Principal Financial Group Inc. grew its stake in shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR) by 3.0% in the 4th quarter, HoldingsChannel reports. The firm owned 53,358 shares of the energy company’s stock after acquiring an additional 1,561 shares during the quarter. Principal Financial Group Inc.’s holdings in Alpha Metallurgical Resources were worth $10,678,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Rhumbline Advisers lifted its stake in Alpha Metallurgical Resources by 1.1% during the fourth quarter. Rhumbline Advisers now owns 30,302 shares of the energy company’s stock valued at $6,064,000 after buying an additional 328 shares in the last quarter. Arcus Capital Partners LLC acquired a new position in Alpha Metallurgical Resources in the 4th quarter worth approximately $130,000. Empowered Funds LLC boosted its stake in Alpha Metallurgical Resources by 69.7% in the 4th quarter. Empowered Funds LLC now owns 12,139 shares of the energy company’s stock worth $2,429,000 after purchasing an additional 4,985 shares during the period. Stratos Wealth Advisors LLC grew its position in Alpha Metallurgical Resources by 2.4% during the 4th quarter. Stratos Wealth Advisors LLC now owns 10,115 shares of the energy company’s stock worth $2,024,000 after purchasing an additional 237 shares in the last quarter. Finally, Financial Strategies Group Inc. raised its stake in Alpha Metallurgical Resources by 25.6% during the 4th quarter. Financial Strategies Group Inc. now owns 3,257 shares of the energy company’s stock valued at $652,000 after purchasing an additional 664 shares during the period. Institutional investors and hedge funds own 84.29% of the company’s stock.

Alpha Metallurgical Resources Trading Down 7.7 %

Shares of NYSE:AMR opened at $137.18 on Friday. The business has a fifty day simple moving average of $183.33 and a 200 day simple moving average of $210.46. Alpha Metallurgical Resources, Inc. has a 1 year low of $131.57 and a 1 year high of $397.00. The firm has a market cap of $1.79 billion, a price-to-earnings ratio of 5.03 and a beta of 1.43.

Alpha Metallurgical Resources (NYSE:AMR) last announced its quarterly earnings results 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). Alpha Metallurgical Resources had a net margin of 11.08% and a return on equity of 22.65%. The firm had revenue of $617.30 million for the quarter, compared to analyst estimates of $658.20 million. During the same quarter in the prior year, the firm earned $12.88 earnings per share. The firm’s quarterly revenue was down 35.7% compared to the same quarter last year. On average, sell-side analysts forecast that Alpha Metallurgical Resources, Inc. will post 14.31 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 related news, Director Kenneth S. Courtis sold 10,621 shares of the business’s stock in a transaction that occurred 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 directly owns 603,342 shares in the company, valued at approximately $138,002,415.66. The trade was 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 link. 15.00% of the stock is currently owned by corporate insiders.

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.