Empowered Funds LLC Increases Stock Position in Alpha Metallurgical Resources, Inc. (NYSE:AMR)

Empowered Funds LLC grew its holdings in shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR - Free Report) by 69.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,139 shares of the energy company's stock after acquiring an additional 4,985 shares during the period. Empowered Funds LLC owned about 0.09% of Alpha Metallurgical Resources worth $2,429,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of the business. Stratos Wealth Advisors LLC grew its position in shares of Alpha Metallurgical Resources by 2.4% during the 4th quarter. Stratos Wealth Advisors LLC now owns 10,115 shares of the energy company's stock valued at $2,024,000 after acquiring an additional 237 shares during the period. Financial Strategies Group Inc. grew its position in shares of Alpha Metallurgical Resources by 25.6% during the 4th quarter. Financial Strategies Group Inc. now owns 3,257 shares of the energy company's stock valued at $652,000 after acquiring an additional 664 shares during the period. KBC Group NV grew its position in shares of Alpha Metallurgical Resources by 58.7% during the 4th quarter. KBC Group NV now owns 473 shares of the energy company's stock valued at $95,000 after acquiring an additional 175 shares during the period. Blue Trust Inc. grew its position in shares of Alpha Metallurgical Resources by 24.8% during the 4th quarter. Blue Trust Inc. now owns 2,149 shares of the energy company's stock valued at $430,000 after acquiring an additional 427 shares during the period. Finally, Exchange Traded Concepts LLC grew its position in shares of Alpha Metallurgical Resources by 2.5% during the 4th quarter. Exchange Traded Concepts LLC now owns 8,974 shares of the energy company's stock valued at $1,796,000 after acquiring an additional 219 shares during the period. Institutional investors own 84.29% of the company's stock.

Wall Street Analyst Weigh In

Separately, Benchmark reissued a "hold" rating on shares of Alpha Metallurgical Resources in a research report on Monday, November 4th.

Alpha Metallurgical Resources Trading Up 0.2 %

Alpha Metallurgical Resources stock traded up $0.29 during mid-day trading on Tuesday, hitting $168.35. The stock had a trading volume of 113,108 shares, compared to its average volume of 194,553. The firm has a market capitalization of $2.19 billion, a P/E ratio of 6.18 and a beta of 1.43. The firm's 50 day moving average is $194.91 and its 200 day moving average is $216.18. Alpha Metallurgical Resources, Inc. has a one year low of $165.62 and a one year high of $452.00.

Insider Buying and Selling

In related news, Director Kenneth S. Courtis sold 10,621 shares of the company's 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. This represents a 1.73 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. 15.00% of the stock is currently owned by insiders.

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.