Blue Trust Inc. Lowers Stake in Alpha Metallurgical Resources, Inc. (NYSE:AMR)

Blue Trust Inc. reduced its holdings in shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR) by 68.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 542 shares of the energy company’s stock after selling 1,180 shares during the period. Blue Trust Inc.’s holdings in Alpha Metallurgical Resources were worth $108,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the business. Harbor Capital Advisors Inc. purchased a new position in Alpha Metallurgical Resources during the 3rd quarter valued at about $36,000. GAMMA Investing LLC lifted its position in Alpha Metallurgical Resources by 127.7% during the 4th quarter. GAMMA Investing LLC now owns 312 shares of the energy company’s stock valued at $62,000 after acquiring an additional 175 shares during the period. KBC Group NV lifted its position in Alpha Metallurgical Resources by 58.7% during the 4th quarter. KBC Group NV now owns 473 shares of the energy company’s stock valued at $95,000 after acquiring an additional 175 shares during the period. SG Americas Securities LLC raised its holdings in Alpha Metallurgical Resources by 7.3% in the fourth quarter. SG Americas Securities LLC now owns 2,751 shares of the energy company’s stock worth $551,000 after buying an additional 187 shares during the last quarter. Finally, Exchange Traded Concepts LLC raised its holdings in Alpha Metallurgical Resources by 2.5% in the fourth quarter. Exchange Traded Concepts LLC now owns 8,974 shares of the energy company’s stock worth $1,796,000 after buying an additional 219 shares during the last quarter. 84.29% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other 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 transaction of $2,429,341.33. Following the completion of the sale, the director now 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 document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 15.00% of the company’s stock.

Analyst Ratings Changes

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

Alpha Metallurgical Resources Stock Performance

Shares of Alpha Metallurgical Resources stock opened at $153.55 on Friday. The stock has a market capitalization of $2.00 billion, a PE ratio of 5.63 and a beta of 1.43. Alpha Metallurgical Resources, Inc. has a 52-week low of $153.00 and a 52-week high of $452.00. The company has a 50-day simple moving average of $189.37 and a two-hundred day simple moving average of $213.87.

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.