X Square Capital LLC Increases Position in Alpha Metallurgical Resources, Inc. (NYSE:AMR)

X Square Capital LLC increased its stake in shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR) by 2.9% during the fourth quarter, Holdings Channel reports. The institutional investor owned 3,005 shares of the energy company’s stock after acquiring an additional 84 shares during the period. X Square Capital LLC’s holdings in Alpha Metallurgical Resources were worth $601,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in AMR. Norges Bank purchased a new position in Alpha Metallurgical Resources in the 4th quarter valued at approximately $26,332,000. American Century Companies Inc. increased its position in shares of Alpha Metallurgical Resources by 9.8% in the fourth quarter. American Century Companies Inc. now owns 359,006 shares of the energy company’s stock valued at $71,844,000 after buying an additional 32,027 shares in the last quarter. Hosking Partners LLP raised its stake in shares of Alpha Metallurgical Resources by 76.6% during the 4th quarter. Hosking Partners LLP now owns 55,220 shares of the energy company’s stock worth $11,051,000 after buying an additional 23,944 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Alpha Metallurgical Resources by 12.7% in the 4th 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 in the last quarter. Finally, Ruffer LLP acquired a new stake in Alpha Metallurgical Resources in the 4th quarter valued at about $4,100,000. 84.29% of the stock is owned by hedge funds and other institutional investors.

Alpha Metallurgical Resources Trading Up 1.6 %

Shares of AMR opened at $132.21 on Friday. The company has a 50-day moving average of $159.17 and a two-hundred day moving average of $197.51. The stock has a market cap of $1.73 billion, a P/E ratio of 4.85 and a beta of 1.50. Alpha Metallurgical Resources, Inc. has a 12-month low of $122.00 and a 12-month high of $361.17.

Alpha Metallurgical Resources (NYSE:AMR) last posted its 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 company had revenue of $617.30 million during the quarter, compared to analysts’ expectations of $658.20 million. Alpha Metallurgical Resources had a net margin of 11.08% and a return on equity of 22.65%. Alpha Metallurgical Resources’s quarterly revenue was down 35.7% compared to the same quarter last year. During the same period in the previous year, the company posted $12.88 EPS. As a group, analysts forecast 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.