Bank of New York Mellon Corp decreased its stake in Alpha Metallurgical Resources, Inc. (NYSE:AMR – Free Report) by 17.3% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 99,867 shares of the energy company’s stock after selling 20,891 shares during the period. Bank of New York Mellon Corp owned 0.77% of Alpha Metallurgical Resources worth $28,016,000 as of its most recent filing with the SEC.
Other hedge funds have also added to or reduced their stakes in the company. Principal Financial Group Inc. grew its stake in Alpha Metallurgical Resources by 523.6% during the fourth quarter. Principal Financial Group Inc. now owns 75,966 shares of the energy company’s stock valued at $25,746,000 after acquiring an additional 63,784 shares in the last quarter. Amalgamated Bank grew its position in shares of Alpha Metallurgical Resources by 244.0% in the 4th quarter. Amalgamated Bank now owns 4,493 shares of the energy company’s stock worth $1,523,000 after buying an additional 3,187 shares during the period. Janus Henderson Group PLC grew its position in shares of Alpha Metallurgical Resources by 19.3% in the 1st quarter. Janus Henderson Group PLC now owns 27,174 shares of the energy company’s stock worth $8,998,000 after buying an additional 4,387 shares during the period. Norges Bank purchased a new stake in Alpha Metallurgical Resources during the 4th quarter valued at about $21,900,000. Finally, Maryland State Retirement & Pension System purchased a new stake in Alpha Metallurgical Resources during the 4th quarter valued at about $1,456,000. Institutional investors own 84.29% of the company’s stock.
Alpha Metallurgical Resources Price Performance
Alpha Metallurgical Resources stock opened at $214.35 on Thursday. The stock has a market cap of $2.79 billion, a P/E ratio of 5.15 and a beta of 1.30. Alpha Metallurgical Resources, Inc. has a 1 year low of $205.34 and a 1 year high of $452.00. The firm’s 50 day moving average price is $274.52 and its 200-day moving average price is $306.92.
Wall Street Analysts Forecast Growth
Separately, Benchmark restated a “hold” rating on shares of Alpha Metallurgical Resources in a research note on Tuesday, August 6th.
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.
Featured Articles
- Five stocks we like better than Alpha Metallurgical Resources
- Using the MarketBeat Dividend Tax Calculator
- Why Dick’s Could Be a Slam Dunk for Your Investment Portfolio
- What is the Dow Jones Industrial Average (DJIA)?
- Introduction to Fibonacci Retracement Levels
- The How and Why of Investing in Gold Stocks
- Top 3 Stocks to Outperform the S&P 500 in a Downturn
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.