O Shaughnessy Asset Management LLC Boosts Stock Position in Alpha Metallurgical Resources, Inc. (NYSE:AMR)

O Shaughnessy Asset Management LLC raised its stake in shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR) by 2.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,586 shares of the energy company’s stock after buying an additional 159 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in Alpha Metallurgical Resources were worth $1,518,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. Norges Bank purchased a new stake in shares of Alpha Metallurgical Resources in the fourth quarter worth $26,332,000. American Century Companies Inc. grew its position in Alpha Metallurgical Resources by 9.8% during the 4th 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 during the last quarter. Hosking Partners LLP increased its stake in Alpha Metallurgical Resources by 76.6% during the 4th quarter. Hosking Partners LLP now owns 55,220 shares of the energy company’s stock valued at $11,051,000 after purchasing an additional 23,944 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in 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 worth $36,726,000 after buying an additional 20,636 shares during the last quarter. Finally, Ruffer LLP bought a new position in shares of Alpha Metallurgical Resources in the fourth quarter worth approximately $4,100,000. Hedge funds and other institutional investors own 84.29% of the company’s stock.

Alpha Metallurgical Resources Stock Down 6.8 %

Shares of AMR opened at $107.88 on Friday. The company has a market capitalization of $1.41 billion, a P/E ratio of 3.96 and a beta of 1.08. Alpha Metallurgical Resources, Inc. has a twelve month low of $104.23 and a twelve month high of $361.17. The firm has a 50 day moving average of $150.41 and a 200 day moving average of $194.18.

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