Sun Sep 15 12:17:03 UTC 2024: ## American Century Companies Increases Stake in Alpha Metallurgical Resources

**New York, NY – September 15, 2024** – Investment firm American Century Companies Inc. increased its stake in energy company Alpha Metallurgical Resources, Inc. (NYSE:AMR) by 6.0% during the second quarter, according to HoldingsChannel.com. The company now owns 305,726 shares of AMR, valued at $85,765,000.

This move by American Century follows a trend of increased interest in Alpha Metallurgical Resources by several other hedge funds. Quadrant Capital Group LLC and Creekmur Asset Management LLC both purchased new positions in the company during the fourth quarter. PNC Financial Services Group Inc. significantly increased its stake in AMR by 947.1% during the same period. FinTrust Capital Advisors LLC and Headlands Technologies LLC also acquired new positions in the company during the fourth and first quarter, respectively.

Institutional investors now own 84.29% of Alpha Metallurgical Resources’ stock.

AMR’s stock opened at $210.71 on Friday, with a 52-week low of $185.00 and a 52-week high of $452.00. The company has a market cap of $2.74 billion, a PE ratio of 5.10, and a beta of 1.30.

Analysts have mixed opinions on the stock. Benchmark reiterated a “hold” rating on AMR, while B. Riley downgraded its price target from $374.00 to $336.00 but maintained a “buy” rating.

Alpha Metallurgical Resources is a mining company that produces and sells metallurgical and thermal coal in Virginia and West Virginia. The company operates 22 active mines and 9 coal preparation and load-out facilities.

For more information on hedge fund holdings and insider trades for Alpha Metallurgical Resources, visit HoldingsChannel.com.

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