Hi Line Capital Management LLC Has $2.26 Million Holdings in Alpha Metallurgical Resources, Inc. (NYSE:AMR)

Hi Line Capital Management LLC lessened its holdings in shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR) by 12.7% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 11,309 shares of the energy company’s stock after selling 1,648 shares during the quarter. Hi Line Capital Management LLC’s holdings in Alpha Metallurgical Resources were worth $2,263,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the business. Y Intercept Hong Kong Ltd increased its position in Alpha Metallurgical Resources by 32.5% during the fourth quarter. Y Intercept Hong Kong Ltd now owns 5,123 shares of the energy company’s stock worth $1,025,000 after buying an additional 1,257 shares during the last quarter. New York State Common Retirement Fund boosted its holdings in shares of Alpha Metallurgical Resources by 4.4% during the fourth quarter. New York State Common Retirement Fund now owns 11,972 shares of the energy company’s stock worth $2,396,000 after acquiring an additional 500 shares during the period. Mraz Amerine & Associates Inc. boosted its holdings in shares of Alpha Metallurgical Resources by 7.0% during the fourth quarter. Mraz Amerine & Associates Inc. now owns 9,315 shares of the energy company’s stock worth $1,864,000 after acquiring an additional 610 shares during the period. Principal Financial Group Inc. boosted its holdings in shares of Alpha Metallurgical Resources by 3.0% during the fourth quarter. Principal Financial Group Inc. now owns 53,358 shares of the energy company’s stock worth $10,678,000 after acquiring an additional 1,561 shares during the period. Finally, Rhumbline Advisers boosted its holdings in shares of Alpha Metallurgical Resources by 1.1% during the fourth quarter. Rhumbline Advisers now owns 30,302 shares of the energy company’s stock worth $6,064,000 after acquiring an additional 328 shares during the period. Institutional investors and hedge funds own 84.29% of the company’s stock.

Alpha Metallurgical Resources Stock Down 4.7 %

Shares of NYSE:AMR opened at $153.55 on Monday. Alpha Metallurgical Resources, Inc. has a 12-month low of $153.00 and a 12-month high of $452.00. The stock has a market cap of $2.00 billion, a PE ratio of 5.63 and a beta of 1.43. The business has a 50 day moving average of $189.37 and a 200-day moving average of $213.59.

Analysts Set New Price Targets

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

Insider Transactions at Alpha Metallurgical Resources

In related news, Director Kenneth S. Courtis sold 10,621 shares of the business’s stock in a transaction that occurred on 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 sale, the director now directly owns 603,342 shares in the company, valued at approximately $138,002,415.66. The trade was a 1.73 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 15.00% of the company’s stock.

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.