Invst LLC boosted its stake in Alpha Metallurgical Resources, Inc. (NYSE:AMR – Free Report) by 9.2% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,287 shares of the energy company’s stock after buying an additional 193 shares during the quarter. Invst LLC’s holdings in Alpha Metallurgical Resources were worth $642,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Federated Hermes Inc. purchased a new stake in Alpha Metallurgical Resources in the 2nd quarter worth approximately $25,000. Creekmur Asset Management LLC purchased a new stake in Alpha Metallurgical Resources in the 4th quarter worth approximately $36,000. PNC Financial Services Group Inc. lifted its position in 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 worth $60,000 after buying an additional 161 shares in the last quarter. FinTrust Capital Advisors LLC purchased a new stake in Alpha Metallurgical Resources in the 4th quarter worth approximately $64,000. Finally, Headlands Technologies LLC acquired a new position in shares of Alpha Metallurgical Resources during the 1st quarter worth $88,000. Hedge funds and other institutional investors own 84.29% of the company’s stock.
Alpha Metallurgical Resources Trading Down 2.1 %
NYSE:AMR opened at $236.18 on Tuesday. Alpha Metallurgical Resources, Inc. has a 1 year low of $185.00 and a 1 year high of $452.00. The firm’s fifty day simple moving average is $239.36 and its 200 day simple moving average is $285.87. The firm has a market capitalization of $3.07 billion, a PE ratio of 5.72 and a beta of 1.30.
Analysts Set New Price Targets
Several research analysts have recently commented on the stock. B. Riley dropped their price target on shares of 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 Tuesday, August 6th.
Get Our Latest Research Report on Alpha Metallurgical Resources
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.
See Also
- Five stocks we like better than Alpha Metallurgical Resources
- Utilities Stocks Explained – How and Why to Invest in Utilities
- TJX Stock: A Buying Opportunity Before the Holiday Rush
- Top Stocks Investing in 5G Technology
- Micron’s Blowout Results Pave the Way for Seagate’s Stock Surge
- NYSE Stocks Give Investors a Variety of Quality Options
- Zeta Global’s AI Cloud: Your Secret Weapon for Massive Growth
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.