Farther Finance Advisors LLC lowered its stake in Alpha Metallurgical Resources, Inc. (NYSE:AMR – Free Report) by 16.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,537 shares of the energy company’s stock after selling 295 shares during the period. Farther Finance Advisors LLC’s holdings in Alpha Metallurgical Resources were worth $308,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds also recently made changes to their positions in the company. FNY Investment Advisers LLC acquired a new stake in shares of Alpha Metallurgical Resources in the 4th quarter valued at approximately $50,000. PNC Financial Services Group Inc. increased its stake in shares of 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 valued at $58,000 after buying an additional 162 shares during the period. GAMMA Investing LLC raised its holdings in Alpha Metallurgical Resources by 127.7% in the 4th quarter. GAMMA Investing LLC now owns 312 shares of the energy company’s stock valued at $62,000 after buying an additional 175 shares during the last quarter. Jones Financial Companies Lllp bought a new stake in Alpha Metallurgical Resources during the 4th quarter worth approximately $82,000. Finally, KBC Group NV grew its stake in shares of Alpha Metallurgical Resources by 58.7% in the fourth quarter. KBC Group NV now owns 473 shares of the energy company’s stock worth $95,000 after purchasing an additional 175 shares during the last quarter. Institutional investors own 84.29% of the company’s stock.
Alpha Metallurgical Resources Stock Performance
Alpha Metallurgical Resources stock opened at $126.70 on Tuesday. The firm has a market cap of $1.65 billion, a price-to-earnings ratio of 4.65 and a beta of 1.50. The firm has a 50 day moving average price of $168.77 and a two-hundred day moving average price of $202.27. Alpha Metallurgical Resources, Inc. has a 52-week low of $125.81 and a 52-week high of $361.17.
About Alpha Metallurgical Resources
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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