Alpha Metallurgical Resources (NYSE:AMR) Insider Sells $165,118.55 in Stock

Alpha Metallurgical Resources, Inc. (NYSE:AMR) insider Daniel Horn sold 971 shares of the stock in a transaction that occurred on Thursday, March 5th. The shares were sold at an average price of $170.05, for a total value of $165,118.55. Following the transaction, the insider owned 7,320 shares in the company, valued at $1,244,766. This trade represents a 11.71% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Alpha Metallurgical Resources Price Performance

Alpha Metallurgical Resources stock traded up $7.12 during trading on Monday, reaching $175.72. The company had a trading volume of 304,343 shares, compared to its average volume of 293,885. The firm has a market capitalization of $2.25 billion, a PE ratio of -37.07 and a beta of 0.79. The firm’s 50-day simple moving average is $204.25 and its 200 day simple moving average is $178.99. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.53 and a current ratio of 4.47. Alpha Metallurgical Resources, Inc. has a 1-year low of $97.41 and a 1-year high of $253.82.

Alpha Metallurgical Resources (NYSE:AMR) last posted its quarterly earnings data on Friday, February 27th. The energy company reported ($1.34) earnings per share for the quarter, hitting analysts’ consensus estimates of ($1.34). Alpha Metallurgical Resources had a negative net margin of 2.90% and a negative return on equity of 3.88%. The company had revenue of $436.33 million during the quarter, compared to analysts’ expectations of $538.45 million. During the same period in the prior year, the business posted ($0.16) earnings per share. The firm’s revenue for the quarter was down 15.7% on a year-over-year basis. As a group, equities research analysts anticipate that Alpha Metallurgical Resources, Inc. will post 14.31 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Alpha Metallurgical Resources

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Financial Management Professionals Inc. purchased a new stake in Alpha Metallurgical Resources in the 3rd quarter valued at $25,000. Los Angeles Capital Management LLC purchased a new position in shares of Alpha Metallurgical Resources during the 4th quarter worth $29,000. Caitong International Asset Management Co. Ltd raised its holdings in shares of Alpha Metallurgical Resources by 215.4% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 164 shares of the energy company’s stock worth $33,000 after acquiring an additional 112 shares during the period. Hantz Financial Services Inc. boosted its position in shares of Alpha Metallurgical Resources by 361.5% during the 3rd quarter. Hantz Financial Services Inc. now owns 240 shares of the energy company’s stock valued at $39,000 after acquiring an additional 188 shares during the last quarter. Finally, CWM LLC boosted its position in shares of Alpha Metallurgical Resources by 146.0% during the 3rd quarter. CWM LLC now owns 246 shares of the energy company’s stock valued at $40,000 after acquiring an additional 146 shares during the last quarter. Institutional investors and hedge funds own 84.29% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. Texas Capital cut Alpha Metallurgical Resources from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 29th. Benchmark restated a “hold” rating on shares of Alpha Metallurgical Resources in a report on Monday, March 2nd. Jefferies Financial Group reaffirmed a “hold” rating and set a $185.00 target price on shares of Alpha Metallurgical Resources in a report on Monday, March 2nd. Weiss Ratings reissued a “sell (d)” rating on shares of Alpha Metallurgical Resources in a research note on Monday, December 29th. Finally, B. Riley Financial boosted their price target on shares of Alpha Metallurgical Resources from $203.00 to $207.00 and gave the stock a “neutral” rating in a research report on Thursday. Four research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, Alpha Metallurgical Resources presently has an average rating of “Reduce” and a consensus price target of $196.00.

Alpha Metallurgical Resources Company Profile

Alpha Metallurgical Resources, Inc (NYSE: AMR) is a leading pure-play producer of high-grade metallurgical coal, primarily serving the global steelmaking industry. Headquartered in Bristol, Virginia, the company operates multiple underground and surface mining complexes across the central Appalachian and Illinois basins. Its production portfolio focuses on premium raw and semi-soft coking coal products tailored to meet the specifications of steel producers worldwide.

Formed in July 2021 through the spin-out of Contura Energy’s metallurgical coal business, Alpha Metallurgical Resources has built a reputation for operational excellence and cost-efficient mining.