Ruffer LLP Takes $4.10 Million Position in Alpha Metallurgical Resources, Inc. (NYSE:AMR)

Ruffer LLP acquired a new stake in Alpha Metallurgical Resources, Inc. (NYSE:AMR) in the 4th quarter, HoldingsChannel reports. The fund acquired 20,485 shares of the energy company’s stock, valued at approximately $4,100,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Harbor Capital Advisors Inc. acquired a new stake in Alpha Metallurgical Resources during the 3rd quarter worth $36,000. FNY Investment Advisers LLC acquired a new stake in shares of Alpha Metallurgical Resources during the 4th quarter worth about $50,000. PNC Financial Services Group Inc. lifted its position 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 period. GAMMA Investing LLC grew its stake in shares of Alpha Metallurgical Resources by 127.7% during the 4th quarter. GAMMA Investing LLC now owns 312 shares of the energy company’s stock valued at $62,000 after buying an additional 175 shares during the period. Finally, Jones Financial Companies Lllp acquired a new position in Alpha Metallurgical Resources during the fourth quarter valued at approximately $82,000. Hedge funds and other institutional investors own 84.29% of the company’s stock.

Insiders Place Their Bets

In other news, Director Kenneth S. Courtis sold 10,621 shares of the business’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 transaction of $2,429,341.33. Following the completion of the transaction, the director now directly owns 603,342 shares in the company, valued at approximately $138,002,415.66. The trade was a 1.73 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 16.40% of the stock is owned by insiders.

Alpha Metallurgical Resources Stock Down 0.7 %

NYSE AMR opened at $133.05 on Friday. Alpha Metallurgical Resources, Inc. has a fifty-two week low of $125.81 and a fifty-two week high of $371.37. The business has a 50 day moving average price of $176.62 and a two-hundred day moving average price of $206.57. The stock has a market cap of $1.73 billion, a PE ratio of 4.88 and a beta of 1.51.

Alpha Metallurgical Resources (NYSE:AMR) last posted its quarterly earnings results on Friday, February 28th. The energy company reported ($0.16) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.09). The business 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 company’s quarterly revenue was down 35.7% on a year-over-year basis. During the same period last year, the firm posted $12.88 earnings per share. Sell-side analysts anticipate that Alpha Metallurgical Resources, Inc. will post 14.31 EPS for the current fiscal 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.