Alpha Metallurgical Resources, Inc. (NYSE:AMR - Get Free Report) shares fell 5.3% during trading on Friday . The company traded as low as $174.25 and last traded at $174.70. 87,584 shares traded hands during trading, a decline of 53% from the average session volume of 185,589 shares. The stock had previously closed at $184.51.
Wall Street Analyst Weigh In
Separately, Benchmark reiterated a "hold" rating on shares of Alpha Metallurgical Resources in a research note on Monday, November 4th.
Get Our Latest Stock Analysis on Alpha Metallurgical Resources
Alpha Metallurgical Resources Price Performance
The stock has a market capitalization of $2.19 billion, a price-to-earnings ratio of 6.17 and a beta of 1.43. The firm has a 50 day simple moving average of $194.91 and a 200-day simple moving average of $216.18.
Insider Activity at Alpha Metallurgical Resources
In other Alpha Metallurgical Resources news, Director Kenneth S. Courtis sold 10,621 shares of the company's stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $228.73, for a total transaction of $2,429,341.33. Following the sale, the director now directly owns 603,342 shares of the company's stock, valued at approximately $138,002,415.66. This represents a 1.73 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 15.00% of the stock is currently owned by insiders.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently modified their holdings of the business. Pacer Advisors Inc. raised its position in Alpha Metallurgical Resources by 30.2% in the 3rd quarter. Pacer Advisors Inc. now owns 798,584 shares of the energy company's stock valued at $188,610,000 after purchasing an additional 185,376 shares during the last quarter. Norges Bank bought a new position in shares of Alpha Metallurgical Resources in the fourth quarter valued at about $26,332,000. Jacobs Levy Equity Management Inc. acquired a new position in Alpha Metallurgical Resources during the 4th quarter worth about $6,958,000. American Century Companies Inc. grew its holdings in Alpha Metallurgical Resources by 9.8% during the 4th quarter. American Century Companies Inc. now owns 359,006 shares of the energy company's stock worth $71,844,000 after acquiring an additional 32,027 shares during the last quarter. Finally, Nomura Holdings Inc. increased its position in Alpha Metallurgical Resources by 1,706.0% in the 4th quarter. Nomura Holdings Inc. now owns 30,702 shares of the energy company's stock valued at $6,144,000 after acquiring an additional 29,002 shares in the last quarter. 84.29% of the stock is owned by institutional investors and hedge funds.
About Alpha Metallurgical Resources
(
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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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