Norges Bank Buys New Holdings in Alpha Metallurgical Resources, Inc. (NYSE:AMR)

Norges Bank bought a new position in Alpha Metallurgical Resources, Inc. (NYSE:AMR) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 131,583 shares of the energy company’s stock, valued at approximately $26,332,000. Norges Bank owned about 1.01% of Alpha Metallurgical Resources at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the business. HighTower Advisors LLC bought a new stake in Alpha Metallurgical Resources during the 3rd quarter worth approximately $640,000. Point72 DIFC Ltd bought a new stake in Alpha Metallurgical Resources during the third quarter worth $128,000. Wellington Management Group LLP grew its holdings in Alpha Metallurgical Resources by 26.5% during the third quarter. Wellington Management Group LLP now owns 48,515 shares of the energy company’s stock worth $11,458,000 after buying an additional 10,161 shares in the last quarter. EP Wealth Advisors LLC purchased a new position in Alpha Metallurgical Resources during the 3rd quarter worth $387,000. Finally, Y Intercept Hong Kong Ltd boosted its holdings in Alpha Metallurgical Resources by 168.1% during the 3rd quarter. Y Intercept Hong Kong Ltd now owns 3,866 shares of the energy company’s stock worth $913,000 after acquiring an additional 2,424 shares during the last quarter. Institutional investors own 84.29% of the company’s stock.

Alpha Metallurgical Resources Price Performance

Shares of AMR stock opened at $107.88 on Monday. Alpha Metallurgical Resources, Inc. has a one year low of $104.23 and a one year high of $361.17. The company has a market cap of $1.41 billion, a P/E ratio of 3.96 and a beta of 1.08. The firm has a 50-day moving average of $150.41 and a 200-day moving average of $194.14.

Alpha Metallurgical Resources (NYSE:AMR) last posted its quarterly earnings data on Friday, February 28th. The energy company reported ($0.16) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.09). The firm had revenue of $617.30 million during the quarter, compared to analysts’ expectations of $658.20 million. Alpha Metallurgical Resources had a net margin of 11.08% and a return on equity of 22.65%. The company’s quarterly revenue was down 35.7% on a year-over-year basis. During the same quarter last year, the business posted $12.88 EPS. As a group, research analysts expect that Alpha Metallurgical Resources, Inc. will post 14.31 earnings per share for the current fiscal year.

Alpha Metallurgical Resources Company 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.