652 Shares in Alpha Metallurgical Resources, Inc. (NYSE:AMR) Bought by Arcus Capital Partners LLC

Arcus Capital Partners LLC acquired a new position in Alpha Metallurgical Resources, Inc. (NYSE:AMR) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 652 shares of the energy company’s stock, valued at approximately $130,000.

Several other institutional investors have also recently modified their holdings of the company. GAMMA Investing LLC raised its position in Alpha Metallurgical Resources by 124.6% during the 3rd quarter. GAMMA Investing LLC now owns 137 shares of the energy company’s stock worth $32,000 after buying an additional 76 shares during the last quarter. Harbor Capital Advisors Inc. purchased a new position in shares of Alpha Metallurgical Resources during the third quarter worth $36,000. FNY Investment Advisers LLC purchased a new position in shares of Alpha Metallurgical Resources during the fourth quarter worth $50,000. KBC Group NV raised its holdings in shares of Alpha Metallurgical Resources by 58.7% during 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. Finally, Quest Partners LLC purchased a new position in shares of Alpha Metallurgical Resources during the third quarter worth $116,000. 84.29% of the stock is currently owned by hedge funds and other institutional investors.

Alpha Metallurgical Resources Trading Up 2.6 %

Shares of AMR stock opened at $184.25 on Friday. The stock has a market cap of $2.40 billion, a P/E ratio of 6.76 and a beta of 1.43. The stock has a 50 day moving average of $198.31 and a 200 day moving average of $219.10. Alpha Metallurgical Resources, Inc. has a twelve month low of $173.55 and a twelve month high of $452.00.

Insider Activity

In other Alpha Metallurgical Resources news, Director Kenneth S. Courtis sold 10,621 shares of Alpha Metallurgical Resources stock in a transaction on 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 owns 603,342 shares of the company’s stock, valued at approximately $138,002,415.66. The trade was a 1.73 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 15.00% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Benchmark reiterated a “hold” rating on shares of Alpha Metallurgical Resources in a research note 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.