Vestcor Inc cut its stake in shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR – Free Report) by 35.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,000 shares of the energy company’s stock after selling 1,082 shares during the period. Vestcor Inc’s holdings in Alpha Metallurgical Resources were worth $400,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Swiss National Bank grew its position in shares of Alpha Metallurgical Resources by 0.5% during the 4th quarter. Swiss National Bank now owns 21,700 shares of the energy company’s stock worth $4,343,000 after buying an additional 100 shares during the period. Wealthfront Advisers LLC acquired a new position in Alpha Metallurgical Resources during the fourth quarter valued at approximately $2,024,000. Ruffer LLP bought a new stake in Alpha Metallurgical Resources in the fourth quarter valued at approximately $4,100,000. PNC Financial Services Group Inc. raised its holdings in Alpha Metallurgical Resources by 127.6% in the fourth quarter. PNC Financial Services Group Inc. now owns 289 shares of the energy company’s stock worth $58,000 after purchasing an additional 162 shares during the period. Finally, Edgestream Partners L.P. boosted its position in shares of Alpha Metallurgical Resources by 66.5% during the fourth quarter. Edgestream Partners L.P. now owns 17,759 shares of the energy company’s stock worth $3,554,000 after purchasing an additional 7,091 shares in the last quarter. Institutional investors own 84.29% of the company’s stock.
Alpha Metallurgical Resources Stock Down 3.6 %
Shares of AMR stock opened at $126.70 on Tuesday. Alpha Metallurgical Resources, Inc. has a 12-month low of $125.81 and a 12-month high of $361.17. The firm has a fifty day moving average of $168.77 and a 200-day moving average of $202.27. The firm has a market capitalization of $1.65 billion, a price-to-earnings ratio of 4.65 and a beta of 1.50.
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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