Alpha Metallurgical Resources, Inc. (NYSE:AMR) Shares Sold by VisionPoint Advisory Group LLC

VisionPoint Advisory Group LLC trimmed its stake in shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR) by 15.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 954 shares of the energy company’s stock after selling 180 shares during the quarter. VisionPoint Advisory Group LLC’s holdings in Alpha Metallurgical Resources were worth $192,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in AMR. Creative Planning raised its stake in shares of Alpha Metallurgical Resources by 17.6% during the third quarter. Creative Planning now owns 1,798 shares of the energy company’s stock worth $425,000 after purchasing an additional 269 shares during the last quarter. Arkadios Wealth Advisors purchased a new position in Alpha Metallurgical Resources during the 3rd quarter worth $269,000. DekaBank Deutsche Girozentrale lifted its stake in shares of Alpha Metallurgical Resources by 70.3% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 988 shares of the energy company’s stock worth $233,000 after acquiring an additional 408 shares during the period. Hi Line Capital Management LLC purchased a new stake in shares of Alpha Metallurgical Resources in the third quarter valued at about $3,060,000. Finally, Farther Finance Advisors LLC boosted its holdings in shares of Alpha Metallurgical Resources by 1,081.9% in the third quarter. Farther Finance Advisors LLC now owns 1,832 shares of the energy company’s stock valued at $433,000 after acquiring an additional 1,677 shares in the last quarter. 84.29% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Alpha Metallurgical Resources Price Performance

AMR opened at $153.55 on Friday. The business has a 50 day simple moving average of $190.87 and a 200-day simple moving average of $214.80. Alpha Metallurgical Resources, Inc. has a 12 month low of $153.00 and a 12 month high of $452.00. The stock has a market capitalization of $2.00 billion, a P/E ratio of 5.63 and a beta of 1.43.

Insiders Place Their Bets

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 transaction, the director now directly owns 603,342 shares in the company, 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 SEC, which can be accessed through this link. 15.00% of the stock is currently 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.