American Century Companies Inc. Has $71.84 Million Position in Alpha Metallurgical Resources, Inc. (NYSE:AMR)

American Century Companies Inc. increased its holdings in Alpha Metallurgical Resources, Inc. (NYSE:AMR) by 9.8% in the 4th quarter, HoldingsChannel.com reports. The firm owned 359,006 shares of the energy company’s stock after buying an additional 32,027 shares during the quarter. American Century Companies Inc.’s holdings in Alpha Metallurgical Resources were worth $71,844,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in AMR. FNY Investment Advisers LLC acquired a new stake in shares of Alpha Metallurgical Resources in the 4th quarter valued at $50,000. PNC Financial Services Group Inc. grew its stake in Alpha Metallurgical Resources by 127.6% during the fourth quarter. PNC Financial Services Group Inc. now owns 289 shares of the energy company’s stock worth $58,000 after buying an additional 162 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of Alpha Metallurgical Resources by 127.7% during the fourth quarter. GAMMA Investing LLC now owns 312 shares of the energy company’s stock worth $62,000 after buying an additional 175 shares in the last quarter. Jones Financial Companies Lllp bought a new position in shares of Alpha Metallurgical Resources in the fourth quarter valued at approximately $82,000. Finally, KBC Group NV boosted its holdings in shares of Alpha Metallurgical Resources by 58.7% in the 4th quarter. KBC Group NV now owns 473 shares of the energy company’s stock worth $95,000 after acquiring an additional 175 shares in the last quarter. 84.29% of the stock is owned by institutional investors and hedge funds.

Alpha Metallurgical Resources Price Performance

AMR stock opened at $130.38 on Wednesday. The business has a fifty day moving average price of $161.55 and a 200 day moving average price of $198.44. Alpha Metallurgical Resources, Inc. has a fifty-two week low of $122.00 and a fifty-two week high of $361.17. The stock has a market capitalization of $1.70 billion, a price-to-earnings ratio of 4.78 and a beta of 1.50.

Alpha Metallurgical Resources (NYSE:AMR) last released its quarterly earnings results on Friday, February 28th. The energy company reported ($0.16) earnings per share (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 net margin of 11.08% and a return on equity of 22.65%. The business’s quarterly revenue was down 35.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $12.88 earnings per share. On average, equities 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.