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

Blue Trust Inc. reduced its stake in Alpha Metallurgical Resources, Inc. (NYSE:AMR) by 68.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund 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 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of AMR. Pacer Advisors Inc. boosted 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 worth $188,610,000 after purchasing an additional 185,376 shares during the period. Charles Schwab Investment Management Inc. increased its position in Alpha Metallurgical Resources by 4.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 162,883 shares of the energy company’s stock valued at $38,470,000 after purchasing an additional 7,241 shares during the period. Wellington Management Group LLP lifted its holdings 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 worth $11,458,000 after buying an additional 10,161 shares during the period. Barclays PLC boosted 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 purchasing an additional 14,089 shares in the last quarter. Finally, Franklin Resources Inc. boosted its holdings in shares of Alpha Metallurgical Resources by 4.6% in the 3rd quarter. Franklin Resources Inc. now owns 18,344 shares of the energy company’s stock valued at $4,105,000 after buying an additional 802 shares in the last quarter. 84.29% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling

In other news, Director Kenneth S. Courtis sold 10,621 shares of the business’s stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $228.73, for a total value of $2,429,341.33. Following the completion of the transaction, the director now owns 603,342 shares of the company’s stock, valued at $138,002,415.66. The trade was a 1.73 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 15.00% of the stock is currently owned by corporate insiders.

Alpha Metallurgical Resources Stock Down 4.7 %

Alpha Metallurgical Resources stock opened at $153.55 on Friday. Alpha Metallurgical Resources, Inc. has a 52 week low of $153.00 and a 52 week high of $452.00. The stock has a 50-day moving average price of $189.37 and a 200 day moving average price of $213.87. The company has a market capitalization of $2.00 billion, a price-to-earnings ratio of 5.63 and a beta of 1.43.

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.