Alpha Metallurgical Resources, Inc. (NYSE:AMR – Get Free Report) was the target of a large increase in short interest during the month of August. As of August 31st, there was short interest totalling 1,090,000 shares, an increase of 5.8% from the August 15th total of 1,030,000 shares. Based on an average daily trading volume, of 213,300 shares, the short-interest ratio is presently 5.1 days. Approximately 10.0% of the shares of the company are short sold.
Hedge Funds Weigh In On Alpha Metallurgical Resources
Hedge funds and other institutional investors have recently made changes to their positions in the business. Invst LLC raised its stake in Alpha Metallurgical Resources by 9.2% during the 2nd quarter. Invst LLC now owns 2,287 shares of the energy company’s stock valued at $642,000 after acquiring an additional 193 shares in the last quarter. Creative Planning increased its holdings in shares of Alpha Metallurgical Resources by 2.9% during the second quarter. Creative Planning now owns 1,529 shares of the energy company’s stock valued at $429,000 after purchasing an additional 43 shares during the period. Algert Global LLC raised its stake in shares of Alpha Metallurgical Resources by 217.0% during the second quarter. Algert Global LLC now owns 4,184 shares of the energy company’s stock valued at $1,174,000 after purchasing an additional 2,864 shares in the last quarter. The Manufacturers Life Insurance Company lifted its holdings in Alpha Metallurgical Resources by 1.4% in the second quarter. The Manufacturers Life Insurance Company now owns 6,695 shares of the energy company’s stock worth $1,878,000 after purchasing an additional 94 shares during the period. Finally, AQR Capital Management LLC grew its position in Alpha Metallurgical Resources by 11.7% in the 2nd quarter. AQR Capital Management LLC now owns 6,694 shares of the energy company’s stock valued at $1,878,000 after buying an additional 701 shares in the last quarter. 84.29% of the stock is currently owned by institutional investors and hedge funds.
Alpha Metallurgical Resources Stock Performance
Shares of AMR traded down $5.29 during midday trading on Wednesday, hitting $200.33. 326,711 shares of the stock traded hands, compared to its average volume of 223,321. The business’s 50 day moving average price is $253.93 and its two-hundred day moving average price is $293.68. The firm has a market capitalization of $2.61 billion, a PE ratio of 4.93 and a beta of 1.30. Alpha Metallurgical Resources has a 1-year low of $185.00 and a 1-year high of $452.00.
Analyst Ratings Changes
A number of equities analysts have issued reports on AMR shares. B. Riley cut their target price on shares of Alpha Metallurgical Resources from $374.00 to $336.00 and set a “buy” rating on the stock in a report on Friday, September 6th. Benchmark reiterated a “hold” rating on shares of Alpha Metallurgical Resources in a research report on Tuesday, August 6th.
Check Out Our Latest Research Report on AMR
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.
See Also
- Five stocks we like better than Alpha Metallurgical Resources
- How to Use High Beta Stocks to Maximize Your Investing Profits
- How Much Can You Make in Stocks in One Month?
- What Investors Need to Know to Beat the Market
- This Is the Top Large-Cap Stock Insiders Are Buying
- What Are Some of the Best Large-Cap Stocks to Buy?
- Capitalize on Micron’s 24% Drop—Wall Street Eyes Major Upside
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.