SG Americas Securities LLC decreased its stake in shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR – Free Report) by 40.0% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 644 shares of the energy company’s stock after selling 430 shares during the quarter. SG Americas Securities LLC’s holdings in Alpha Metallurgical Resources were worth $181,000 as of its most recent filing with the SEC.
A number of other large investors have also made changes to their positions in AMR. Opal Wealth Advisors LLC bought a new position in Alpha Metallurgical Resources during the second quarter valued at about $142,000. Aquamarine Zurich AG acquired a new stake in shares of Alpha Metallurgical Resources during the 2nd quarter worth approximately $2,244,000. Linden Thomas Advisory Services LLC increased its position in shares of Alpha Metallurgical Resources by 0.6% during the second quarter. Linden Thomas Advisory Services LLC now owns 7,823 shares of the energy company’s stock valued at $2,195,000 after purchasing an additional 47 shares during the period. DekaBank Deutsche Girozentrale increased its position in shares of Alpha Metallurgical Resources by 248.9% during the first quarter. DekaBank Deutsche Girozentrale now owns 1,385 shares of the energy company’s stock valued at $450,000 after purchasing an additional 988 shares during the period. Finally, Teachers Retirement System of The State of Kentucky raised its stake in shares of Alpha Metallurgical Resources by 12.9% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 3,500 shares of the energy company’s stock valued at $1,159,000 after purchasing an additional 400 shares in the last quarter. Institutional investors and hedge funds own 84.29% of the company’s stock.
Alpha Metallurgical Resources Trading Up 0.2 %
AMR stock opened at $226.34 on Friday. The firm has a market cap of $2.94 billion, a P/E ratio of 5.48 and a beta of 1.36. Alpha Metallurgical Resources, Inc. has a 1-year low of $190.59 and a 1-year high of $452.00. The business’s 50 day moving average is $282.71 and its 200-day moving average is $314.38.
Analyst Upgrades and Downgrades
A number of equities research analysts have weighed in on AMR shares. B. Riley lifted their price target on shares of Alpha Metallurgical Resources from $374.00 to $375.00 and gave the stock a “buy” rating in a research note on Tuesday, May 7th. Benchmark reiterated a “hold” rating on shares of Alpha Metallurgical Resources in a research report on Tuesday, August 6th.
View Our Latest Analysis on AMR
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.
Recommended Stories
- Five stocks we like better than Alpha Metallurgical Resources
- What Are Dividend Champions? How to Invest in the Champions
- CAVA Stock Rallies as Earnings Confirm It’s a Top Growth Play
- Comparing and Trading High PE Ratio Stocks
- 3 High Short-Interest Stocks Poised for a Rate Cut Squeeze
- How Investors Can Find the Best Cheap Dividend Stocks
- MarketBeat Week in Review – 8/19 – 8/23
Want to see what other hedge funds are holding AMR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alpha Metallurgical Resources, Inc. (NYSE:AMR – Free Report).
Receive News & Ratings for Alpha Metallurgical Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alpha Metallurgical Resources and related companies with MarketBeat.com's FREE daily email newsletter.