Hi Line Capital Management LLC Has $2.26 Million Stock Position in Alpha Metallurgical Resources, Inc. (NYSE:AMR)

Hi Line Capital Management LLC trimmed its holdings in shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR) by 12.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,309 shares of the energy company’s stock after selling 1,648 shares during the period. Hi Line Capital Management LLC owned approximately 0.09% of Alpha Metallurgical Resources worth $2,263,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently bought and sold shares of AMR. Empowered Funds LLC boosted its stake in shares of Alpha Metallurgical Resources by 69.7% during the 4th quarter. Empowered Funds LLC now owns 12,139 shares of the energy company’s stock worth $2,429,000 after acquiring an additional 4,985 shares in the last quarter. Barclays PLC raised its holdings in shares of Alpha Metallurgical Resources by 309.2% in the 3rd quarter. Barclays PLC now owns 18,646 shares of the energy company’s stock worth $4,402,000 after buying an additional 14,089 shares in the last quarter. Victory Capital Management Inc. raised its holdings in shares of Alpha Metallurgical Resources by 22.4% in the 3rd quarter. Victory Capital Management Inc. now owns 15,441 shares of the energy company’s stock worth $3,647,000 after buying an additional 2,823 shares in the last quarter. Impala Asset Management LLC acquired a new stake in Alpha Metallurgical Resources during the 3rd quarter valued at $1,181,000. Finally, HighTower Advisors LLC acquired a new stake in Alpha Metallurgical Resources during the 3rd quarter valued at $640,000. 84.29% of the stock is owned by institutional investors and hedge funds.

Alpha Metallurgical Resources Trading Down 4.7 %

AMR stock opened at $153.55 on Monday. The business’s 50-day moving average price is $189.37 and its two-hundred day moving average price is $213.59. Alpha Metallurgical Resources, Inc. has a 1-year low of $153.00 and a 1-year high of $452.00. The firm has a market cap of $2.00 billion, a PE ratio of 5.63 and a beta of 1.43.

Analysts Set New Price Targets

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

Insider Activity at Alpha Metallurgical Resources

In related news, Director Kenneth S. Courtis sold 10,621 shares of Alpha Metallurgical Resources stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $228.73, for a total value of $2,429,341.33. Following the sale, 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 15.00% of the stock is owned by company 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.