Rhumbline Advisers Purchases 328 Shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR)

Rhumbline Advisers lifted its position in Alpha Metallurgical Resources, Inc. (NYSE:AMR) by 1.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 30,302 shares of the energy company’s stock after buying an additional 328 shares during the period. Rhumbline Advisers owned approximately 0.23% of Alpha Metallurgical Resources worth $6,064,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Empowered Funds LLC increased its holdings in Alpha Metallurgical Resources by 69.7% in the 4th quarter. Empowered Funds LLC now owns 12,139 shares of the energy company’s stock worth $2,429,000 after buying an additional 4,985 shares during the period. Barclays PLC boosted its holdings in shares of Alpha Metallurgical Resources by 309.2% in the 3rd 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 during the last quarter. Victory Capital Management Inc. increased its stake in shares of Alpha Metallurgical Resources by 22.4% in the third quarter. Victory Capital Management Inc. now owns 15,441 shares of the energy company’s stock worth $3,647,000 after acquiring an additional 2,823 shares during the period. Impala Asset Management LLC purchased a new position in shares of Alpha Metallurgical Resources during the third quarter worth $1,181,000. Finally, HighTower Advisors LLC purchased a new position in shares of Alpha Metallurgical Resources during the third quarter worth $640,000. Institutional investors own 84.29% of the company’s stock.

Analyst Upgrades and Downgrades

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

Alpha Metallurgical Resources Stock Performance

Shares of AMR stock opened at $148.95 on Thursday. Alpha Metallurgical Resources, Inc. has a fifty-two week low of $146.85 and a fifty-two week high of $452.00. The firm has a market capitalization of $1.94 billion, a P/E ratio of 5.47 and a beta of 1.43. The stock’s fifty day moving average is $186.92 and its two-hundred day moving average is $212.13.

Insider Buying and Selling at Alpha Metallurgical Resources

In other news, Director Kenneth S. Courtis sold 10,621 shares of the company’s stock in a transaction dated 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 completion of the transaction, the director now directly owns 603,342 shares of the company’s stock, valued at approximately $138,002,415.66. This represents a 1.73 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 16.40% of the stock is currently owned by corporate insiders.

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.