Crocodile Capital Partners GmbH Reduces Holdings in Alpha Metallurgical Resources, Inc. (NYSE:AMR)

Crocodile Capital Partners GmbH reduced its holdings in Alpha Metallurgical Resources, Inc. (NYSE:AMR) by 98.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,000 shares of the energy company’s stock after selling 100,359 shares during the quarter. Alpha Metallurgical Resources accounts for 1.1% of Crocodile Capital Partners GmbH’s holdings, making the stock its 10th biggest position. Crocodile Capital Partners GmbH’s holdings in Alpha Metallurgical Resources were worth $400,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. GAMMA Investing LLC grew its position in Alpha Metallurgical Resources by 124.6% in the third quarter. GAMMA Investing LLC now owns 137 shares of the energy company’s stock worth $32,000 after acquiring an additional 76 shares in the last quarter. Harbor Capital Advisors Inc. acquired a new position in Alpha Metallurgical Resources during the 3rd quarter valued at $36,000. Sound Income Strategies LLC acquired a new position in shares of Alpha Metallurgical Resources in the 3rd quarter valued at $40,000. FNY Investment Advisers LLC acquired a new position in shares of Alpha Metallurgical Resources in the 4th quarter valued at $50,000. Finally, Quest Partners LLC bought a new stake in shares of Alpha Metallurgical Resources in the 3rd quarter worth about $116,000. 84.29% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Benchmark reissued a “hold” rating on shares of Alpha Metallurgical Resources in a report on Monday, November 4th.

Insider Activity at Alpha Metallurgical Resources

In other news, Director Kenneth S. Courtis sold 10,621 shares of the company’s stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $228.73, for a total value of $2,429,341.33. Following the completion of the transaction, the director now owns 603,342 shares of the company’s stock, valued at $138,002,415.66. This represents a 1.73 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 15.00% of the stock is currently owned by corporate insiders.

Alpha Metallurgical Resources Price Performance

Shares of NYSE:AMR opened at $193.75 on Friday. Alpha Metallurgical Resources, Inc. has a fifty-two week low of $173.55 and a fifty-two week high of $452.00. The firm’s 50 day simple moving average is $214.32 and its 200 day simple moving average is $230.90. The company has a market capitalization of $2.52 billion, a price-to-earnings ratio of 7.11 and a beta of 1.48.

Alpha Metallurgical Resources (NYSE:AMR) last announced its quarterly earnings data on Friday, November 1st. The energy company reported $0.29 EPS for the quarter, missing analysts’ consensus estimates of $1.60 by ($1.31). The business had revenue of $671.90 million during the quarter, compared to the consensus estimate of $672.95 million. Alpha Metallurgical Resources had a return on equity of 22.65% and a net margin of 11.08%. The business’s revenue for the quarter was down 9.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $6.65 EPS. Equities research analysts expect that Alpha Metallurgical Resources, Inc. will post 16.87 earnings per share for the current 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.