Alpha Metallurgical Resources, Inc. (NYSE:AMR) Shares Purchased by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd boosted its position in Alpha Metallurgical Resources, Inc. (NYSE:AMR) by 32.5% in the fourth quarter, Holdings Channel.com reports. The firm owned 5,123 shares of the energy company’s stock after acquiring an additional 1,257 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Alpha Metallurgical Resources were worth $1,025,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in AMR. Pacer Advisors Inc. lifted its position in Alpha Metallurgical Resources by 30.2% in the third quarter. Pacer Advisors Inc. now owns 798,584 shares of the energy company’s stock valued at $188,610,000 after purchasing an additional 185,376 shares during the period. Barclays PLC lifted its position in Alpha Metallurgical Resources by 309.2% in 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 during the period. Intech Investment Management LLC acquired a new stake in Alpha Metallurgical Resources in the third quarter valued at about $3,304,000. Hi Line Capital Management LLC acquired a new stake in Alpha Metallurgical Resources in the third quarter valued at about $3,060,000. Finally, Wellington Management Group LLP increased its holdings in Alpha Metallurgical Resources by 26.5% in 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 in the last quarter. Institutional investors and hedge funds own 84.29% of the company’s stock.

Alpha Metallurgical Resources Trading Down 0.3 %

Shares of Alpha Metallurgical Resources stock opened at $148.80 on Friday. Alpha Metallurgical Resources, Inc. has a 12-month low of $146.26 and a 12-month high of $432.10. The stock has a market cap of $1.94 billion, a PE ratio of 5.46 and a beta of 1.43. The company has a 50-day moving average of $184.61 and a two-hundred day moving average of $211.25.

Insider Buying and Selling at Alpha Metallurgical Resources

In other Alpha Metallurgical Resources news, Director Kenneth S. Courtis sold 10,621 shares of the stock in a transaction dated Friday, December 13th. The shares were 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 directly owns 603,342 shares of the company’s stock, valued at approximately $138,002,415.66. This trade represents a 1.73 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 16.40% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

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

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.