First Trust Advisors LP lifted its holdings in Alpha Metallurgical Resources, Inc. (NYSE:AMR – Free Report) by 279.5% during the 4th quarter, HoldingsChannel.com reports. The firm owned 29,295 shares of the energy company’s stock after acquiring an additional 21,575 shares during the quarter. First Trust Advisors LP’s holdings in Alpha Metallurgical Resources were worth $5,863,000 at the end of the most recent reporting period.
Several other hedge funds also recently made changes to their positions in the business. Summit Investment Advisors Inc. grew its stake in shares of Alpha Metallurgical Resources by 6.8% in the 4th quarter. Summit Investment Advisors Inc. now owns 1,150 shares of the energy company’s stock worth $230,000 after purchasing an additional 73 shares during the last quarter. Bank of Montreal Can grew its stake in shares of Alpha Metallurgical Resources by 6.0% in the 4th quarter. Bank of Montreal Can now owns 1,318 shares of the energy company’s stock worth $264,000 after purchasing an additional 75 shares during the last quarter. X Square Capital LLC increased its position in shares of Alpha Metallurgical Resources by 2.9% in the fourth quarter. X Square Capital LLC now owns 3,005 shares of the energy company’s stock worth $601,000 after acquiring an additional 84 shares in the last quarter. Swiss National Bank increased its position in shares of Alpha Metallurgical Resources by 0.5% in the fourth quarter. Swiss National Bank now owns 21,700 shares of the energy company’s stock worth $4,343,000 after acquiring an additional 100 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC increased its position in shares of Alpha Metallurgical Resources by 2.1% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 7,586 shares of the energy company’s stock worth $1,518,000 after acquiring an additional 159 shares in the last quarter. Institutional investors and hedge funds own 84.29% of the company’s stock.
Alpha Metallurgical Resources Price Performance
Alpha Metallurgical Resources stock opened at $121.56 on Thursday. The firm’s 50 day simple moving average is $127.08 and its 200-day simple moving average is $180.08. The company has a market cap of $1.59 billion, a P/E ratio of 4.46 and a beta of 1.08. Alpha Metallurgical Resources, Inc. has a fifty-two week low of $100.00 and a fifty-two week high of $334.72.
Wall Street Analysts Forecast Growth
Separately, B. Riley dropped their target price on shares of Alpha Metallurgical Resources from $272.00 to $183.00 and set a “buy” rating on the stock in a research report on Friday, April 11th.
Get Our Latest Stock Report on AMR
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.
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