Pacer Advisors Inc. Takes Position in Alpha Metallurgical Resources, Inc. (NYSE:AMR)

Pacer Advisors Inc. acquired a new position in shares of Alpha Metallurgical Resources, Inc. (NYSE:AMRFree Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 410,984 shares of the energy company’s stock, valued at approximately $139,291,000. Pacer Advisors Inc. owned approximately 2.71% of Alpha Metallurgical Resources at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Fuller & Thaler Asset Management Inc. bought a new stake in shares of Alpha Metallurgical Resources in the 3rd quarter valued at approximately $128,857,000. Renaissance Technologies LLC increased its position in Alpha Metallurgical Resources by 545.5% during the first quarter. Renaissance Technologies LLC now owns 304,115 shares of the energy company’s stock worth $40,131,000 after buying an additional 257,000 shares during the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of Alpha Metallurgical Resources by 13,521.9% during the 1st quarter. Envestnet Asset Management Inc. now owns 222,855 shares of the energy company’s stock valued at $39,000 after acquiring an additional 221,219 shares during the last quarter. Vanguard Group Inc. lifted its holdings in Alpha Metallurgical Resources by 17.0% in the 3rd quarter. Vanguard Group Inc. now owns 1,492,124 shares of the energy company’s stock worth $204,182,000 after purchasing an additional 216,652 shares during the last quarter. Finally, State Street Corp raised its position in shares of Alpha Metallurgical Resources by 23.4% in the second quarter. State Street Corp now owns 933,025 shares of the energy company’s stock valued at $120,755,000 after purchasing an additional 176,742 shares during the period. Hedge funds and other institutional investors own 84.29% of the company’s stock.

Alpha Metallurgical Resources Price Performance

Shares of AMR opened at $310.00 on Tuesday. The company has a market capitalization of $4.03 billion, a PE ratio of 6.37 and a beta of 1.37. The company’s fifty day moving average price is $370.41 and its 200 day moving average price is $306.54. Alpha Metallurgical Resources, Inc. has a one year low of $132.72 and a one year high of $452.00.

Alpha Metallurgical Resources (NYSE:AMRGet Free Report) last posted its quarterly earnings data on Monday, February 26th. The energy company reported $12.88 earnings per share for the quarter, beating the consensus estimate of $8.78 by $4.10. The company had revenue of $959.90 million during the quarter, compared to analysts’ expectations of $796.65 million. Alpha Metallurgical Resources had a return on equity of 46.22% and a net margin of 20.80%. Alpha Metallurgical Resources’s revenue for the quarter was up 16.6% compared to the same quarter last year. During the same period in the prior year, the business earned $13.37 earnings per share. Analysts anticipate that Alpha Metallurgical Resources, Inc. will post 37.3 earnings per share for the current year.

Insider Activity

In related news, CAO Roger Lee Nicholson sold 6,629 shares of Alpha Metallurgical Resources stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $369.71, for a total transaction of $2,450,807.59. Following the sale, the chief accounting officer now directly owns 10,720 shares of the company’s stock, valued at $3,963,291.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, Director Kenneth S. Courtis sold 22,802 shares of the company’s stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $302.81, for a total value of $6,904,673.62. Following the sale, the director now directly owns 638,234 shares in the company, valued at approximately $193,263,637.54. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Roger Lee Nicholson sold 6,629 shares of the company’s stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $369.71, for a total transaction of $2,450,807.59. Following the completion of the sale, the chief accounting officer now directly owns 10,720 shares in the company, valued at approximately $3,963,291.20. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 153,971 shares of company stock valued at $55,479,986. Insiders own 15.00% of the company’s stock.

Alpha Metallurgical Resources Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Alpha Metallurgical Resources (NYSE:AMR)

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