Alpha Metallurgical Resources, Inc. (NYSE:AMR) Shares Sold by Tower Research Capital LLC TRC

Tower Research Capital LLC TRC trimmed its position in shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR - Free Report) by 95.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 277 shares of the energy company's stock after selling 5,248 shares during the quarter. Tower Research Capital LLC TRC's holdings in Alpha Metallurgical Resources were worth $55,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Dimensional Fund Advisors LP boosted its holdings in Alpha Metallurgical Resources by 4.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 736,379 shares of the energy company's stock worth $147,366,000 after buying an additional 28,225 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in shares of Alpha Metallurgical Resources by 0.8% in the fourth quarter. Renaissance Technologies LLC now owns 540,215 shares of the energy company's stock valued at $108,108,000 after purchasing an additional 4,200 shares in the last quarter. Dalal Street LLC lifted its holdings in shares of Alpha Metallurgical Resources by 1.6% in the fourth quarter. Dalal Street LLC now owns 487,251 shares of the energy company's stock valued at $97,509,000 after purchasing an additional 7,553 shares in the last quarter. American Century Companies Inc. lifted its holdings in shares of Alpha Metallurgical Resources by 9.8% in the fourth quarter. American Century Companies Inc. now owns 359,006 shares of the energy company's stock valued at $71,844,000 after purchasing an additional 32,027 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Alpha Metallurgical Resources by 12.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 183,519 shares of the energy company's stock valued at $36,726,000 after purchasing an additional 20,636 shares in the last quarter. 84.29% of the stock is currently owned by institutional investors and hedge funds.

Alpha Metallurgical Resources Stock Up 3.4%

Shares of AMR traded up $4.12 on Friday, hitting $125.61. 222,826 shares of the stock traded hands, compared to its average volume of 237,230. The firm has a market capitalization of $1.64 billion, a P/E ratio of 4.61 and a beta of 0.72. The stock's 50 day moving average is $123.11 and its two-hundred day moving average is $172.41. Alpha Metallurgical Resources, Inc. has a 1 year low of $100.00 and a 1 year high of $334.72.

Alpha Metallurgical Resources (NYSE:AMR - Get Free Report) last announced 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). The firm had revenue of $531.96 million for the quarter, compared to analysts' expectations of $586.15 million. Alpha Metallurgical Resources had a net margin of 11.08% and a return on equity of 22.65%. The business's quarterly revenue was down 38.4% on a year-over-year basis. During the same period in the previous year, the company posted $9.59 EPS. Research analysts forecast that Alpha Metallurgical Resources, Inc. will post 14.31 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, B. Riley reduced their price target 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.

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.