Hosking Partners LLP Increases Stake in Alpha Metallurgical Resources, Inc. (NYSE:AMR)

Hosking Partners LLP raised its holdings in shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR) by 76.6% during the 4th quarter, Holdings Channel.com reports. The firm owned 55,220 shares of the energy company’s stock after acquiring an additional 23,944 shares during the quarter. Hosking Partners LLP’s holdings in Alpha Metallurgical Resources were worth $11,051,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in AMR. Pacer Advisors Inc. lifted its stake in shares of Alpha Metallurgical Resources by 30.2% during the 3rd quarter. Pacer Advisors Inc. now owns 798,584 shares of the energy company’s stock valued at $188,610,000 after buying an additional 185,376 shares in the last quarter. Proficio Capital Partners LLC bought a new stake in Alpha Metallurgical Resources during the 4th quarter valued at $3,564,000. Barclays PLC lifted its position in shares of Alpha Metallurgical Resources by 309.2% during the third quarter. Barclays PLC now owns 18,646 shares of the energy company’s stock worth $4,402,000 after acquiring an additional 14,089 shares in the last quarter. Intech Investment Management LLC purchased a new stake in Alpha Metallurgical Resources during the 3rd quarter worth about $3,304,000. Finally, Hi Line Capital Management LLC purchased a new stake in shares of Alpha Metallurgical Resources in the third quarter worth about $3,060,000. Institutional investors own 84.29% of the company’s stock.

Alpha Metallurgical Resources Price Performance

Shares of NYSE AMR opened at $148.80 on Friday. The stock has a market capitalization of $1.94 billion, a P/E ratio of 5.46 and a beta of 1.43. Alpha Metallurgical Resources, Inc. has a one year low of $146.26 and a one year high of $432.10. The firm’s 50 day simple moving average is $184.61 and its two-hundred day simple moving average is $211.25.

Insiders Place Their Bets

In other news, Director Kenneth S. Courtis sold 10,621 shares of the business’s 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 completion of 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 position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 16.40% of the stock is currently owned by insiders.

Analysts Set New Price Targets

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.