Balyasny Asset Management L.P. Trims Position in Alpha Metallurgical Resources, Inc. (NYSE:AMR)

Balyasny Asset Management L.P. reduced its holdings in Alpha Metallurgical Resources, Inc. (NYSE:AMR - Free Report) by 65.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 25,589 shares of the energy company's stock after selling 49,287 shares during the period. Balyasny Asset Management L.P. owned about 0.20% of Alpha Metallurgical Resources worth $5,121,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. BNP Paribas Financial Markets purchased a new stake in shares of Alpha Metallurgical Resources in the fourth quarter worth about $1,862,000. Algert Global LLC boosted its position in Alpha Metallurgical Resources by 157.6% in the 4th quarter. Algert Global LLC now owns 9,128 shares of the energy company's stock worth $1,827,000 after purchasing an additional 5,584 shares in the last quarter. PDT Partners LLC acquired a new stake in shares of Alpha Metallurgical Resources during the 4th quarter worth approximately $1,024,000. Northern Trust Corp increased its holdings in shares of Alpha Metallurgical Resources by 6.0% during the 4th quarter. Northern Trust Corp now owns 121,652 shares of the energy company's stock valued at $24,345,000 after purchasing an additional 6,905 shares in the last quarter. Finally, Susquehanna Fundamental Investments LLC acquired a new position in shares of Alpha Metallurgical Resources in the 4th quarter valued at $2,528,000. 84.29% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, B. Riley cut their price objective on shares of Alpha Metallurgical Resources from $272.00 to $183.00 and set a "buy" rating for the company in a report on Friday, April 11th.

Alpha Metallurgical Resources Price Performance

Alpha Metallurgical Resources stock opened at $113.13 on Friday. The stock has a market capitalization of $1.48 billion, a PE ratio of 4.15 and a beta of 0.72. The business has a 50 day simple moving average of $124.35 and a 200-day simple moving average of $175.58. Alpha Metallurgical Resources, Inc. has a 12 month low of $100.00 and a 12 month high of $334.72.

Alpha Metallurgical Resources (NYSE:AMR - Get Free Report) last posted its quarterly earnings data on Friday, May 9th. The energy company reported ($2.60) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.06) by ($1.54). Alpha Metallurgical Resources had a net margin of 11.08% and a return on equity of 22.65%. The company had revenue of $531.96 million for the quarter, compared to analysts' expectations of $586.15 million. During the same period in the previous year, the business earned $9.59 earnings per share. The business's revenue for the quarter was down 38.4% on a year-over-year basis. On average, equities research analysts anticipate that Alpha Metallurgical Resources, Inc. will post 14.31 EPS for the current fiscal year.

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.

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