Wexford Capital LP Invests $1.98 Million in Alpha Metallurgical Resources, Inc. (NYSE:AMR)

Wexford Capital LP acquired a new stake in Alpha Metallurgical Resources, Inc. (NYSE:AMR - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 9,900 shares of the energy company's stock, valued at approximately $1,981,000. Wexford Capital LP owned about 0.08% of Alpha Metallurgical Resources at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. New Age Alpha Advisors LLC purchased a new stake in shares of Alpha Metallurgical Resources during the fourth quarter worth approximately $40,000. PNC Financial Services Group Inc. raised its stake in shares of 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 worth $58,000 after purchasing an additional 162 shares during the last quarter. Jones Financial Companies Lllp purchased a new stake in shares of Alpha Metallurgical Resources during the fourth quarter worth approximately $82,000. KBC Group NV raised its stake 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 purchasing an additional 175 shares during the last quarter. Finally, Arcus Capital Partners LLC acquired a new position in Alpha Metallurgical Resources during the fourth quarter worth $130,000. Hedge funds and other institutional investors own 84.29% of the company's stock.

Alpha Metallurgical Resources Price Performance

Alpha Metallurgical Resources stock traded up $1.34 during trading hours on Friday, hitting $116.40. The stock had a trading volume of 282,613 shares, compared to its average volume of 237,790. The stock 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 moving average is $122.05 and its two-hundred day moving average is $169.75.

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 analyst estimates of $586.15 million. Alpha Metallurgical Resources had a net margin of 11.08% and a return on equity of 22.65%. The firm's revenue for the quarter was down 38.4% on a year-over-year basis. During the same period last year, the company posted $9.59 EPS. As a group, sell-side analysts anticipate that Alpha Metallurgical Resources, Inc. will post 14.31 EPS for the current year.

Analysts Set New Price Targets

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

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.