Swiss National Bank Increases Holdings in Alpha Metallurgical Resources, Inc. (NYSE:AMR)

Swiss National Bank boosted its position in Alpha Metallurgical Resources, Inc. (NYSE:AMR) by 0.5% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 21,700 shares of the energy company’s stock after purchasing an additional 100 shares during the period. Swiss National Bank’s holdings in Alpha Metallurgical Resources were worth $4,343,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. FNY Investment Advisers LLC purchased a new stake in shares of Alpha Metallurgical Resources in the 4th quarter valued at $50,000. PNC Financial Services Group Inc. lifted its position in Alpha Metallurgical Resources by 127.6% during the fourth 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 period. GAMMA Investing LLC boosted its holdings in Alpha Metallurgical Resources by 127.7% in the fourth 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. Jones Financial Companies Lllp acquired a new stake in Alpha Metallurgical Resources during the 4th quarter worth about $82,000. Finally, KBC Group NV raised its stake in shares of Alpha Metallurgical Resources by 58.7% during the 4th quarter. KBC Group NV now owns 473 shares of the energy company’s stock valued at $95,000 after buying an additional 175 shares during the last quarter. Institutional investors and hedge funds own 84.29% of the company’s stock.

Alpha Metallurgical Resources Stock Up 0.7 %

Shares of AMR opened at $130.38 on Wednesday. The company has a market capitalization of $1.70 billion, a price-to-earnings ratio of 4.78 and a beta of 1.50. Alpha Metallurgical Resources, Inc. has a 52 week low of $122.00 and a 52 week high of $361.17. The stock’s 50-day moving average price is $161.55 and its 200-day moving average price is $198.44.

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