Navellier & Associates Inc. lowered its holdings in Alpha Metallurgical Resources, Inc. (NYSE:AMR – Free Report) by 36.8% during the third quarter, HoldingsChannel.com reports. The fund owned 1,197 shares of the energy company’s stock after selling 697 shares during the period. Navellier & Associates Inc.’s holdings in Alpha Metallurgical Resources were worth $283,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also recently bought and sold shares of AMR. Federated Hermes Inc. bought a new position in Alpha Metallurgical Resources in the second quarter worth about $25,000. GAMMA Investing LLC increased its stake in shares of Alpha Metallurgical Resources by 124.6% in the third quarter. GAMMA Investing LLC now owns 137 shares of the energy company’s stock valued at $32,000 after purchasing an additional 76 shares during the period. Harbor Capital Advisors Inc. acquired a new stake in shares of Alpha Metallurgical Resources in the third quarter valued at approximately $36,000. Sound Income Strategies LLC acquired a new stake in shares of Alpha Metallurgical Resources in the third quarter valued at approximately $40,000. Finally, Quest Partners LLC acquired a new stake in shares of Alpha Metallurgical Resources in the third quarter valued at approximately $116,000. Institutional investors own 84.29% of the company’s stock.
Alpha Metallurgical Resources Stock Performance
Shares of NYSE:AMR opened at $245.46 on Friday. The stock has a market capitalization of $3.19 billion, a price-to-earnings ratio of 9.01 and a beta of 1.33. Alpha Metallurgical Resources, Inc. has a 1-year low of $185.00 and a 1-year high of $452.00. The company has a 50 day moving average price of $222.75 and a 200 day moving average price of $259.30.
Analyst Ratings Changes
Several equities research analysts have commented on AMR shares. 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 Monday, November 4th.
Read Our Latest Analysis on Alpha Metallurgical Resources
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.
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