Arizona State Retirement System lowered its stake in Alpha Metallurgical Resources, Inc. (NYSE:AMR – Free Report) by 14.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,179 shares of the energy company’s stock after selling 531 shares during the quarter. Arizona State Retirement System’s holdings in Alpha Metallurgical Resources were worth $1,077,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also added to or reduced their stakes in the company. State of Alaska Department of Revenue bought a new position in Alpha Metallurgical Resources in the 4th quarter worth about $2,465,000. Raymond James & Associates boosted its position in shares of Alpha Metallurgical Resources by 203.8% during the 3rd quarter. Raymond James & Associates now owns 9,546 shares of the energy company’s stock valued at $2,479,000 after acquiring an additional 6,404 shares during the last quarter. Invesco Ltd. boosted its position in shares of Alpha Metallurgical Resources by 180.9% during the 3rd quarter. Invesco Ltd. now owns 115,816 shares of the energy company’s stock valued at $30,081,000 after acquiring an additional 74,583 shares during the last quarter. J.P. Morgan Private Wealth Advisors LLC bought a new stake in shares of Alpha Metallurgical Resources during the 3rd quarter valued at about $28,239,000. Finally, Dalal Street LLC boosted its position in shares of Alpha Metallurgical Resources by 21.7% during the 3rd quarter. Dalal Street LLC now owns 441,510 shares of the energy company’s stock valued at $114,673,000 after acquiring an additional 78,861 shares during the last quarter. Institutional investors own 84.29% of the company’s stock.
Alpha Metallurgical Resources Trading Down 0.8 %
Shares of AMR opened at $325.24 on Tuesday. The company has a market cap of $4.23 billion, a PE ratio of 6.68 and a beta of 1.35. The stock has a 50-day moving average price of $349.14 and a 200-day moving average price of $315.23. Alpha Metallurgical Resources, Inc. has a 12-month low of $132.72 and a 12-month high of $452.00.
Wall Street Analyst Weigh In
Separately, B. Riley dropped their price target on Alpha Metallurgical Resources from $381.00 to $374.00 and set a “buy” rating for the company in a research report on Monday.
Read Our Latest Analysis on AMR
Insider Buying and Selling
In related news, Director Kenneth S. Courtis sold 22,802 shares of the business’s stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $302.81, for a total value of $6,904,673.62. Following the completion of the sale, the director now owns 638,234 shares in the company, valued at approximately $193,263,637.54. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Alpha Metallurgical Resources news, insider Daniel E. Horn sold 100 shares of Alpha Metallurgical Resources stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $360.29, for a total value of $36,029.00. Following the transaction, the insider now directly owns 6,462 shares of the company’s stock, valued at approximately $2,328,193.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Kenneth S. Courtis sold 22,802 shares of Alpha Metallurgical Resources stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $302.81, for a total value of $6,904,673.62. Following the completion of the transaction, the director now directly owns 638,234 shares in the company, valued at $193,263,637.54. The disclosure for this sale can be found here. Insiders sold 153,971 shares of company stock worth $55,479,986 in the last quarter. 15.00% of the stock is owned by insiders.
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
- How Can Retail Investors Trade the Toronto Stock Exchange (TSX)?
- The Charles Schwab Company Can Hit New Highs
- How to Start Investing in Real Estate
- Costco vs. Walmart: Revenue Comparison of Two Retail Giants
- Stocks with Unusual Volume: How to Find Unusual Volume Stocks in Real Time
- 3 Energy Plays for Cash Flow: Buy 1 or Buy Them All
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.