Tower Research Capital LLC TRC Sells 5,248 Shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR)

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

A number of other hedge funds also recently modified their holdings of AMR. Dimensional Fund Advisors LP grew its holdings in shares of Alpha Metallurgical Resources by 4.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 736,379 shares of the energy company's stock valued at $147,366,000 after acquiring an additional 28,225 shares in the last quarter. Renaissance Technologies LLC raised its stake in shares of Alpha Metallurgical Resources by 0.8% during the 4th quarter. Renaissance Technologies LLC now owns 540,215 shares of the energy company's stock worth $108,108,000 after purchasing an additional 4,200 shares in the last quarter. Dalal Street LLC grew its position in shares of Alpha Metallurgical Resources by 1.6% in the 4th quarter. Dalal Street LLC now owns 487,251 shares of the energy company's stock valued at $97,509,000 after acquiring an additional 7,553 shares during the period. American Century Companies Inc. raised its stake in 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 buying an additional 32,027 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Alpha Metallurgical Resources by 12.7% during the 4th 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 during the last quarter. Institutional investors and hedge funds own 84.29% of the company's stock.

Analyst Ratings Changes

Separately, B. Riley decreased 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.

Alpha Metallurgical Resources Stock Up 3.4%

Shares of AMR stock traded up $4.12 during trading hours on Friday, reaching $125.61. The company's stock had a trading volume of 222,826 shares, compared to its average volume of 236,447. Alpha Metallurgical Resources, Inc. has a fifty-two week low of $100.00 and a fifty-two week high of $334.72. The firm's 50 day simple moving average is $123.43 and its 200-day simple moving average is $173.48. The company has a market capitalization of $1.64 billion, a price-to-earnings ratio of 4.61 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 (EPS) for the quarter, missing analysts' consensus estimates of ($1.06) by ($1.54). Alpha Metallurgical Resources had a return on equity of 22.65% and a net margin of 11.08%. The firm had revenue of $531.96 million during the quarter, compared to analyst estimates of $586.15 million. During the same period in the previous year, the company earned $9.59 EPS. Alpha Metallurgical Resources's revenue for the quarter was down 38.4% on a year-over-year basis. Sell-side analysts predict 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.