Ritholtz Wealth Management Decreases Position in Alpha Metallurgical Resources, Inc. (NYSE:AMR)

Ritholtz Wealth Management decreased its stake in Alpha Metallurgical Resources, Inc. (NYSE:AMR) by 4.4% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,087 shares of the energy company’s stock after selling 96 shares during the period. Ritholtz Wealth Management’s holdings in Alpha Metallurgical Resources were worth $585,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Measured Wealth Private Client Group LLC lifted its holdings in shares of Alpha Metallurgical Resources by 5.0% in the 1st quarter. Measured Wealth Private Client Group LLC now owns 819 shares of the energy company’s stock valued at $271,000 after purchasing an additional 39 shares during the last quarter. Lindenwold Advisors INC increased its stake in Alpha Metallurgical Resources by 2.9% in the first quarter. Lindenwold Advisors INC now owns 1,541 shares of the energy company’s stock valued at $510,000 after purchasing an additional 44 shares during the period. Linden Thomas Advisory Services LLC raised its holdings in shares of Alpha Metallurgical Resources by 0.6% in the second quarter. Linden Thomas Advisory Services LLC now owns 7,823 shares of the energy company’s stock valued at $2,195,000 after buying an additional 47 shares during the last quarter. SummerHaven Investment Management LLC raised its stake in Alpha Metallurgical Resources by 1.0% during the 2nd quarter. SummerHaven Investment Management LLC now owns 4,876 shares of the energy company’s stock valued at $1,368,000 after acquiring an additional 48 shares during the last quarter. Finally, American International Group Inc. lifted its position in Alpha Metallurgical Resources by 1.1% during the 4th quarter. American International Group Inc. now owns 6,300 shares of the energy company’s stock worth $2,135,000 after acquiring an additional 67 shares during the period. 84.29% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Benchmark reissued a “hold” rating on shares of Alpha Metallurgical Resources in a research note on Tuesday, August 6th.

Alpha Metallurgical Resources Price Performance

Shares of AMR stock opened at $214.35 on Thursday. The firm has a market capitalization of $2.79 billion, a PE ratio of 5.19 and a beta of 1.30. Alpha Metallurgical Resources, Inc. has a 1-year low of $205.34 and a 1-year high of $452.00. The business’s fifty day moving average price is $274.52 and its 200 day moving average price is $306.92.

Alpha Metallurgical Resources (NYSE:AMR) last issued its earnings results on Monday, August 5th. The energy company reported $4.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.46 by $0.03. The company had revenue of $804.00 million during the quarter, compared to analysts’ expectations of $733.05 million. Alpha Metallurgical Resources had a net margin of 13.52% and a return on equity of 28.63%. The firm’s quarterly revenue was down 6.3% compared to the same quarter last year. During the same period last year, the company posted $12.16 earnings per share. Equities research analysts expect that Alpha Metallurgical Resources, Inc. will post 26.33 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.