Alpha Metallurgical Resources, Inc. (NYSE:AMR) Shares Sold by Balyasny Asset Management L.P.

Balyasny Asset Management L.P. decreased its stake in shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR) by 65.8% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 25,589 shares of the energy company’s stock after selling 49,287 shares during the quarter. Balyasny Asset Management L.P.’s holdings in Alpha Metallurgical Resources were worth $5,121,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets acquired a new stake in shares of Alpha Metallurgical Resources in the 4th quarter worth $1,862,000. Algert Global LLC grew its holdings in shares of Alpha Metallurgical Resources by 157.6% in the fourth quarter. Algert Global LLC now owns 9,128 shares of the energy company’s stock valued at $1,827,000 after purchasing an additional 5,584 shares during the period. PDT Partners LLC acquired a new stake in Alpha Metallurgical Resources during the fourth quarter worth about $1,024,000. Northern Trust Corp raised its stake in Alpha Metallurgical Resources by 6.0% during the fourth quarter. Northern Trust Corp now owns 121,652 shares of the energy company’s stock worth $24,345,000 after purchasing an additional 6,905 shares during the period. Finally, Susquehanna Fundamental Investments LLC acquired a new position in Alpha Metallurgical Resources in the 4th quarter valued at about $2,528,000. Institutional investors and hedge funds own 84.29% of the company’s stock.

Alpha Metallurgical Resources Stock Down 8.7 %

Alpha Metallurgical Resources stock opened at $113.13 on Friday. The company’s 50 day moving average is $124.35 and its two-hundred day moving average is $175.58. The firm has a market cap of $1.48 billion, a PE ratio of 4.15 and a beta of 0.72. Alpha Metallurgical Resources, Inc. has a 52-week low of $100.00 and a 52-week high of $334.72.

Alpha Metallurgical Resources (NYSE:AMR) last posted its quarterly 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 net margin of 11.08% and a return on equity of 22.65%. The company had revenue of $531.96 million during the quarter, compared to analyst estimates of $586.15 million. During the same period in the prior year, the business earned $9.59 EPS. Alpha Metallurgical Resources’s revenue for the quarter was down 38.4% on a year-over-year basis. On average, equities research analysts anticipate that Alpha Metallurgical Resources, Inc. will post 14.31 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, B. Riley lowered their price objective on Alpha Metallurgical Resources from $272.00 to $183.00 and set a “buy” rating for the company in a research report on Friday, April 11th.

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.