Alpha Metallurgical Resources, Inc. (NYSE:AMR) Shares Sold by Van ECK Associates Corp

Van ECK Associates Corp lessened its stake in Alpha Metallurgical Resources, Inc. (NYSE:AMR) by 5.1% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,901 shares of the energy company’s stock after selling 580 shares during the period. Van ECK Associates Corp owned 0.08% of Alpha Metallurgical Resources worth $2,182,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Harbor Capital Advisors Inc. acquired a new position in Alpha Metallurgical Resources in the 3rd quarter valued at about $36,000. FNY Investment Advisers LLC purchased a new stake in Alpha Metallurgical Resources in the 4th quarter valued at approximately $50,000. GAMMA Investing LLC boosted its holdings in Alpha Metallurgical Resources by 127.7% in the 4th quarter. GAMMA Investing LLC now owns 312 shares of the energy company’s stock valued at $62,000 after purchasing an additional 175 shares in the last quarter. KBC Group NV boosted its holdings in Alpha Metallurgical Resources by 58.7% in the 4th quarter. KBC Group NV now owns 473 shares of the energy company’s stock valued at $95,000 after purchasing an additional 175 shares in the last quarter. Finally, Quest Partners LLC purchased a new stake in shares of Alpha Metallurgical Resources during the 3rd quarter worth approximately $116,000. Institutional investors and hedge funds own 84.29% of the company’s stock.

Alpha Metallurgical Resources Stock Down 0.9 %

AMR stock opened at $161.03 on Friday. The company has a market cap of $2.10 billion, a price-to-earnings ratio of 5.91 and a beta of 1.43. The business has a fifty day simple moving average of $190.87 and a 200-day simple moving average of $214.80. Alpha Metallurgical Resources, Inc. has a 52 week low of $158.78 and a 52 week high of $452.00.

Insider Buying and Selling

In other Alpha Metallurgical Resources news, Director Kenneth S. Courtis sold 10,621 shares of the company’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $228.73, for a total value of $2,429,341.33. Following the completion of the transaction, the director now directly owns 603,342 shares of the company’s stock, valued at $138,002,415.66. This represents a 1.73 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 15.00% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Separately, Benchmark reaffirmed a “hold” rating on shares of Alpha Metallurgical Resources in a research note on Monday, November 4th.

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.