Lindenwold Advisors INC Trims Stock Holdings in Alpha Metallurgical Resources, Inc. (NYSE:AMR)

Lindenwold Advisors INC reduced its position in shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR) by 7.3% during the 4th quarter, HoldingsChannel reports. The firm owned 1,407 shares of the energy company’s stock after selling 111 shares during the period. Lindenwold Advisors INC’s holdings in Alpha Metallurgical Resources were worth $282,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Cibc World Markets Corp acquired a new stake in Alpha Metallurgical Resources during the 4th quarter worth about $206,000. Royce & Associates LP acquired a new position in Alpha Metallurgical Resources in the 4th quarter worth about $498,000. Swiss National Bank raised its holdings in shares of Alpha Metallurgical Resources by 0.5% during the fourth quarter. Swiss National Bank now owns 21,700 shares of the energy company’s stock valued at $4,343,000 after acquiring an additional 100 shares during the last quarter. Wealthfront Advisers LLC purchased a new stake in shares of Alpha Metallurgical Resources in the fourth quarter valued at approximately $2,024,000. Finally, Ruffer LLP purchased a new stake in shares of Alpha Metallurgical Resources in the fourth quarter valued at approximately $4,100,000. Institutional investors own 84.29% of the company’s stock.

Alpha Metallurgical Resources Stock Performance

Shares of Alpha Metallurgical Resources stock opened at $130.19 on Wednesday. The firm 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, Inc. has a fifty-two week low of $123.57 and a fifty-two week high of $361.17. The stock has a 50 day moving average of $167.59 and a 200 day moving average of $201.51.

Alpha Metallurgical Resources (NYSE:AMR) last announced its quarterly earnings data on Friday, February 28th. The energy company reported ($0.16) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.09). The company had revenue of $617.30 million during the quarter, compared to analyst estimates of $658.20 million. Alpha Metallurgical Resources had a net margin of 11.08% and a return on equity of 22.65%. The firm’s revenue was down 35.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $12.88 earnings per share. Analysts forecast 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.