Thrivent Financial for Lutherans lessened its stake in Alpha Metallurgical Resources, Inc. (NYSE:AMR – Free Report) by 6.3% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 9,610 shares of the energy company’s stock after selling 646 shares during the period. Thrivent Financial for Lutherans’ holdings in Alpha Metallurgical Resources were worth $2,696,000 at the end of the most recent quarter.
Several other institutional investors have also recently bought and sold shares of AMR. Federated Hermes Inc. bought a new stake in Alpha Metallurgical Resources during the 2nd quarter worth about $25,000. Creekmur Asset Management LLC bought a new position in Alpha Metallurgical Resources during the 4th quarter worth approximately $36,000. PNC Financial Services Group Inc. grew its holdings in shares of Alpha Metallurgical Resources by 947.1% in the 4th quarter. PNC Financial Services Group Inc. now owns 178 shares of the energy company’s stock valued at $60,000 after buying an additional 161 shares during the period. FinTrust Capital Advisors LLC acquired a new position in Alpha Metallurgical Resources in the fourth quarter valued at about $64,000. Finally, Headlands Technologies LLC acquired a new stake in shares of Alpha Metallurgical Resources during the first quarter worth about $88,000. Institutional investors own 84.29% of the company’s stock.
Alpha Metallurgical Resources Price Performance
Shares of Alpha Metallurgical Resources stock opened at $236.18 on Tuesday. The firm has a market cap of $3.07 billion, a price-to-earnings ratio of 5.75 and a beta of 1.30. Alpha Metallurgical Resources, Inc. has a one year low of $185.00 and a one year high of $452.00. The stock’s 50-day moving average is $239.36 and its 200-day moving average is $285.87.
Analyst Ratings Changes
AMR has been the subject of several research analyst reports. Benchmark reiterated a “hold” rating on shares of Alpha Metallurgical Resources in a research report on Tuesday, August 6th. B. Riley lowered their price objective on shares of Alpha Metallurgical Resources from $374.00 to $336.00 and set a “buy” rating for the company in a research report on Friday, September 6th.
Read Our Latest Stock Report on AMR
Alpha Metallurgical Resources 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.
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