Mraz Amerine & Associates Inc. cut its holdings in Alpha Metallurgical Resources, Inc. (NYSE:AMR – Free Report) by 3.6% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 8,705 shares of the energy company’s stock after selling 325 shares during the quarter. Mraz Amerine & Associates Inc. owned about 0.07% of Alpha Metallurgical Resources worth $2,056,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also modified their holdings of AMR. Pacer Advisors Inc. lifted its stake in Alpha Metallurgical Resources by 22.2% in the 2nd quarter. Pacer Advisors Inc. now owns 613,208 shares of the energy company’s stock valued at $172,023,000 after acquiring an additional 111,504 shares in the last quarter. Jupiter Asset Management Ltd. bought a new stake in Alpha Metallurgical Resources in the 1st quarter valued at approximately $32,999,000. Gendell Jeffrey L lifted its stake in Alpha Metallurgical Resources by 21.8% in the 1st quarter. Gendell Jeffrey L now owns 350,125 shares of the energy company’s stock valued at $115,951,000 after acquiring an additional 62,725 shares in the last quarter. Vanguard Group Inc. lifted its stake in Alpha Metallurgical Resources by 5.4% in the 4th quarter. Vanguard Group Inc. now owns 1,213,584 shares of the energy company’s stock valued at $411,308,000 after acquiring an additional 61,915 shares in the last quarter. Finally, Empowered Funds LLC lifted its stake in Alpha Metallurgical Resources by 85.5% in the 1st quarter. Empowered Funds LLC now owns 41,555 shares of the energy company’s stock valued at $13,762,000 after acquiring an additional 19,154 shares in the last quarter. 84.29% of the stock is currently owned by institutional investors and hedge funds.
Alpha Metallurgical Resources Stock Up 2.5 %
Shares of Alpha Metallurgical Resources stock opened at $203.37 on Friday. Alpha Metallurgical Resources, Inc. has a 12-month low of $185.00 and a 12-month high of $452.00. The stock has a market cap of $2.65 billion, a P/E ratio of 4.93 and a beta of 1.30. The business’s 50 day moving average is $219.74 and its 200-day moving average is $273.53.
Analyst Ratings Changes
AMR has been the topic of several research reports. B. Riley cut their target price on Alpha Metallurgical Resources from $374.00 to $336.00 and set a “buy” rating on the stock in a research note on Friday, September 6th. Benchmark restated a “hold” rating on shares of Alpha Metallurgical Resources in a research note on Wednesday, October 16th.
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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