Ellsworth Advisors LLC Has $864,000 Stake in Alpha Metallurgical Resources, Inc. (NYSE:AMR)

Ellsworth Advisors LLC trimmed its holdings in shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR) by 1.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,550 shares of the energy company’s stock after selling 35 shares during the quarter. Ellsworth Advisors LLC’s holdings in Alpha Metallurgical Resources were worth $864,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of AMR. Captrust Financial Advisors increased its position in Alpha Metallurgical Resources by 344.0% during the first quarter. Captrust Financial Advisors now owns 222 shares of the energy company’s stock worth $29,000 after buying an additional 172 shares during the last quarter. Macquarie Group Ltd. acquired a new position in Alpha Metallurgical Resources during the second quarter worth $32,000. Lazard Asset Management LLC acquired a new position in Alpha Metallurgical Resources during the second quarter worth $37,000. Envestnet Asset Management Inc. boosted its holdings in Alpha Metallurgical Resources by 13,521.9% during the first 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 period. Finally, Exchange Traded Concepts LLC bought a new stake in Alpha Metallurgical Resources during the third quarter valued at about $41,000. 84.29% of the stock is owned by institutional investors and hedge funds.

Alpha Metallurgical Resources Stock Up 2.5 %

AMR stock traded up $8.15 during mid-day trading on Friday, reaching $331.17. 305,382 shares of the stock traded hands, compared to its average volume of 335,489. Alpha Metallurgical Resources, Inc. has a 52 week low of $132.72 and a 52 week high of $452.00. The business has a 50-day moving average of $367.14 and a two-hundred day moving average of $307.50. The firm has a market capitalization of $4.31 billion, a PE ratio of 6.80 and a beta of 1.37.

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

Insider Buying and Selling at Alpha Metallurgical Resources

In other Alpha Metallurgical Resources news, CAO Roger Lee Nicholson sold 6,629 shares of the company’s stock in a transaction dated Thursday, February 29th. The shares were 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 $3,963,291.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director Kenneth S. Courtis sold 22,802 shares of the stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $302.81, for a total value of $6,904,673.62. Following the completion of the sale, the director now owns 638,234 shares in the company, valued at $193,263,637.54. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Roger Lee Nicholson sold 6,629 shares of the stock in a transaction dated Thursday, February 29th. The shares were 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 owns 10,720 shares of the company’s stock, valued at approximately $3,963,291.20. The disclosure for this sale can be found here. Insiders sold 153,971 shares of company stock worth $55,479,986 over the last ninety days. Company insiders own 15.00% of the company’s stock.

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.