Twinbeech Capital LP Acquires New Holdings in Alpha Metallurgical Resources, Inc. (NYSE:AMR)

Twinbeech Capital LP acquired a new stake in shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 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 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. New Age Alpha Advisors LLC bought a new position in Alpha Metallurgical Resources during the fourth quarter valued at approximately $40,000. 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. Jones Financial Companies Lllp bought a new position in Alpha Metallurgical Resources during the fourth quarter valued at approximately $82,000. KBC Group NV lifted its position in Alpha Metallurgical Resources by 58.7% during the fourth quarter. KBC Group NV now owns 473 shares of the energy company's stock valued at $95,000 after purchasing an additional 175 shares during the period. Finally, Arcus Capital Partners LLC bought a new position in Alpha Metallurgical Resources during the fourth quarter valued at approximately $130,000. Institutional investors own 84.29% of the company's stock.

Analyst Upgrades and Downgrades

Separately, B. Riley lowered their price objective on shares of Alpha Metallurgical Resources from $183.00 to $181.00 and set a "buy" rating on the stock in a research report on Thursday, May 15th.

Alpha Metallurgical Resources Trading Down 0.0%

Shares of AMR stock opened at $122.99 on Wednesday. Alpha Metallurgical Resources, Inc. has a 12 month low of $100.00 and a 12 month high of $334.72. The stock has a market cap of $1.61 billion, a P/E ratio of 4.51 and a beta of 0.72. The company has a 50 day simple moving average of $122.77 and a two-hundred day simple moving average of $171.52.

Alpha Metallurgical Resources (NYSE:AMR - Get Free Report) last announced its earnings results on Friday, May 9th. The energy company reported ($2.60) EPS for the quarter, missing analysts' consensus estimates 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 business had revenue of $531.96 million for the quarter, compared to analysts' expectations of $586.15 million. During the same period in the prior year, the company posted $9.59 earnings per share. The firm's quarterly revenue was down 38.4% on a year-over-year basis. As a group, equities analysts forecast that Alpha Metallurgical Resources, Inc. will post 14.31 earnings per share for the current year.

Alpha Metallurgical Resources 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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