Alpha Metallurgical Resources, Inc. (NYSE:AMR) is Goehring & Rozencwajg Associates LLC's 10th Largest Position

Goehring & Rozencwajg Associates LLC trimmed its holdings in Alpha Metallurgical Resources, Inc. (NYSE:AMR - Free Report) by 2.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 71,800 shares of the energy company's stock after selling 2,177 shares during the quarter. Alpha Metallurgical Resources comprises about 3.0% of Goehring & Rozencwajg Associates LLC's portfolio, making the stock its 10th biggest position. Goehring & Rozencwajg Associates LLC owned approximately 0.55% of Alpha Metallurgical Resources worth $14,957,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. GAMMA Investing LLC lifted its position in shares of 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 in the last quarter. Harbor Capital Advisors Inc. purchased a new position in Alpha Metallurgical Resources during the third quarter worth about $36,000. Sound Income Strategies LLC bought a new stake in shares of Alpha Metallurgical Resources during the 3rd quarter worth $40,000. FNY Investment Advisers LLC bought a new position in shares of Alpha Metallurgical Resources during the 4th quarter valued at about $50,000. Finally, KBC Group NV lifted its holdings in shares of Alpha Metallurgical Resources by 58.7% in the 4th quarter. KBC Group NV now owns 473 shares of the energy company's stock worth $95,000 after acquiring an additional 175 shares during the last quarter. Institutional investors and hedge funds own 84.29% of the company's stock.

Alpha Metallurgical Resources Price Performance

Shares of Alpha Metallurgical Resources stock traded down $5.38 during trading on Wednesday, hitting $180.26. 165,684 shares of the company's stock traded hands, compared to its average volume of 190,992. The business has a 50-day simple moving average of $199.43 and a 200-day simple moving average of $219.37. The stock has a market capitalization of $2.35 billion, a P/E ratio of 6.62 and a beta of 1.43. Alpha Metallurgical Resources, Inc. has a 1 year low of $173.55 and a 1 year high of $452.00.

Insider Buying and Selling

In related news, Director Kenneth S. Courtis sold 10,621 shares of the stock in a transaction dated 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 sale, the director now directly owns 603,342 shares of the company's stock, valued at $138,002,415.66. This represents a 1.73 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 15.00% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

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

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.