Rhumbline Advisers Raises Stake in Alpha Metallurgical Resources, Inc. (NYSE:AMR)

Rhumbline Advisers lifted its stake in shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR) by 1.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 30,302 shares of the energy company’s stock after purchasing an additional 328 shares during the quarter. Rhumbline Advisers’ holdings in Alpha Metallurgical Resources were worth $6,064,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Arcus Capital Partners LLC acquired a new position in Alpha Metallurgical Resources during the fourth quarter worth about $130,000. Empowered Funds LLC lifted its stake in Alpha Metallurgical Resources by 69.7% in the 4th quarter. Empowered Funds LLC now owns 12,139 shares of the energy company’s stock valued at $2,429,000 after buying an additional 4,985 shares in the last quarter. Stratos Wealth Advisors LLC grew its holdings in Alpha Metallurgical Resources by 2.4% during the 4th quarter. Stratos Wealth Advisors LLC now owns 10,115 shares of the energy company’s stock valued at $2,024,000 after buying an additional 237 shares during the last quarter. Financial Strategies Group Inc. grew its holdings in Alpha Metallurgical Resources by 25.6% during the 4th quarter. Financial Strategies Group Inc. now owns 3,257 shares of the energy company’s stock valued at $652,000 after buying an additional 664 shares during the last quarter. Finally, KBC Group NV increased its position in Alpha Metallurgical Resources by 58.7% during the fourth quarter. KBC Group NV now owns 473 shares of the energy company’s stock worth $95,000 after buying an additional 175 shares in the last quarter. Hedge funds and other institutional investors own 84.29% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Benchmark restated a “hold” rating on shares of Alpha Metallurgical Resources in a report on Monday, November 4th.

Alpha Metallurgical Resources Trading Down 1.2 %

Shares of NYSE:AMR opened at $148.95 on Thursday. Alpha Metallurgical Resources, Inc. has a 12-month low of $146.85 and a 12-month high of $452.00. The firm has a market cap of $1.94 billion, a PE ratio of 5.47 and a beta of 1.43. The company has a fifty day simple moving average of $186.92 and a 200 day simple moving average of $212.13.

Insiders Place Their Bets

In other Alpha Metallurgical Resources news, Director Kenneth S. Courtis sold 10,621 shares of the company’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $228.73, for a total value of $2,429,341.33. Following the completion of the sale, the director now directly owns 603,342 shares of the company’s stock, valued at approximately $138,002,415.66. This represents a 1.73 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 16.40% of the stock is owned by insiders.

Alpha Metallurgical Resources Company Profile

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.