Twinbeech Capital LP Makes New $3.09 Million Investment in Alpha Metallurgical Resources, Inc. (NYSE:AMR)

Twinbeech Capital LP bought a new stake in Alpha Metallurgical Resources, Inc. (NYSE:AMR - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 15,429 shares of the energy company's stock, valued at approximately $3,088,000. Twinbeech Capital LP owned 0.12% of Alpha Metallurgical Resources at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. New Age Alpha Advisors LLC purchased a new position in Alpha Metallurgical Resources in the 4th quarter worth approximately $40,000. PNC Financial Services Group Inc. boosted its stake in shares of Alpha Metallurgical Resources by 127.6% in 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. Jones Financial Companies Lllp acquired a new stake in Alpha Metallurgical Resources during the 4th quarter valued at $82,000. KBC Group NV lifted its holdings in Alpha Metallurgical Resources by 58.7% in the 4th quarter. KBC Group NV now owns 473 shares of the energy company's stock worth $95,000 after buying an additional 175 shares in the last quarter. Finally, Arcus Capital Partners LLC bought a new stake in shares of Alpha Metallurgical Resources in the fourth quarter worth $130,000. Institutional investors and hedge funds own 84.29% of the company's stock.

Alpha Metallurgical Resources Stock Performance

Shares of NYSE:AMR traded up $1.34 during trading hours on Monday, hitting $116.40. The stock had a trading volume of 282,613 shares, compared to its average volume of 238,299. The firm has a market capitalization of $1.52 billion, a price-to-earnings ratio of 4.27 and a beta of 0.72. Alpha Metallurgical Resources, Inc. has a 1-year low of $100.00 and a 1-year high of $334.72. The stock's fifty day simple moving average is $122.05 and its 200 day simple moving average is $168.76.

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

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on AMR shares. B. Riley lowered their price objective on shares of Alpha Metallurgical Resources from $183.00 to $181.00 and set a "buy" rating for the company in a research report on Thursday, May 15th. Wall Street Zen lowered Alpha Metallurgical Resources from a "hold" rating to a "sell" rating in a report on Thursday.

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.