Wellington Management Group LLP Has $11.39 Million Position in Alpha Metallurgical Resources, Inc. (NYSE:AMR)

Wellington Management Group LLP boosted its position in shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR - Free Report) by 17.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 56,901 shares of the energy company's stock after purchasing an additional 8,386 shares during the quarter. Wellington Management Group LLP owned 0.44% of Alpha Metallurgical Resources worth $11,387,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. New Age Alpha Advisors LLC acquired a new position in Alpha Metallurgical Resources in the 4th quarter worth $40,000. PNC Financial Services Group Inc. lifted its holdings 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 in the last quarter. Public Employees Retirement System of Ohio bought a new stake in shares of Alpha Metallurgical Resources in the fourth quarter valued at about $60,000. Jones Financial Companies Lllp acquired a new position in shares of Alpha Metallurgical Resources during the fourth quarter worth about $82,000. Finally, KBC Group NV grew its holdings in shares of Alpha Metallurgical Resources by 58.7% during the fourth 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. Institutional investors and hedge funds own 84.29% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on AMR shares. Wall Street Zen lowered Alpha Metallurgical Resources from a "hold" rating to a "sell" rating in a research report on Thursday, May 22nd. 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 report on Thursday, May 15th.

Alpha Metallurgical Resources Price Performance

NYSE:AMR traded down $0.18 on Wednesday, hitting $111.33. 347,455 shares of the company's stock were exchanged, compared to its average volume of 241,826. The firm has a 50-day moving average price of $120.12 and a 200-day moving average price of $163.29. Alpha Metallurgical Resources, Inc. has a 52 week low of $100.00 and a 52 week high of $334.72. The company has a market cap of $1.45 billion, a P/E ratio of 4.09 and a beta of 0.72.

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