State of New Jersey Common Pension Fund D Sells 227 Shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR)

State of New Jersey Common Pension Fund D trimmed its holdings in shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR) by 2.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,698 shares of the energy company’s stock after selling 227 shares during the quarter. State of New Jersey Common Pension Fund D owned 0.07% of Alpha Metallurgical Resources worth $1,741,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also modified their holdings of the business. Pacer Advisors Inc. raised its stake in shares of Alpha Metallurgical Resources by 30.2% during the 3rd quarter. Pacer Advisors Inc. now owns 798,584 shares of the energy company’s stock valued at $188,610,000 after buying an additional 185,376 shares during the last quarter. Barclays PLC raised its position in Alpha Metallurgical Resources by 309.2% during the third quarter. Barclays PLC now owns 18,646 shares of the energy company’s stock valued at $4,402,000 after acquiring an additional 14,089 shares in the last quarter. Intech Investment Management LLC acquired a new position in Alpha Metallurgical Resources in the third quarter valued at approximately $3,304,000. Hi Line Capital Management LLC purchased a new stake in Alpha Metallurgical Resources in the 3rd quarter worth approximately $3,060,000. Finally, Wellington Management Group LLP grew its position in Alpha Metallurgical Resources by 26.5% during the third quarter. Wellington Management Group LLP now owns 48,515 shares of the energy company’s stock valued at $11,458,000 after buying an additional 10,161 shares during the period. Hedge funds and other institutional investors own 84.29% of the company’s stock.

Alpha Metallurgical Resources Price Performance

Shares of NYSE AMR opened at $150.39 on Wednesday. The company has a market capitalization of $1.96 billion, a P/E ratio of 5.52 and a beta of 1.43. The company has a 50 day simple moving average of $188.14 and a 200-day simple moving average of $212.89. Alpha Metallurgical Resources, Inc. has a 1 year low of $148.09 and a 1 year high of $452.00.

Insider Activity

In other news, Director Kenneth S. Courtis sold 10,621 shares of the company’s stock in a transaction on Friday, December 13th. The stock was sold at an average price of $228.73, for a total transaction of $2,429,341.33. Following the sale, the director now owns 603,342 shares of the company’s stock, valued at approximately $138,002,415.66. This represents a 1.73 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 16.40% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Benchmark reissued 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.