Mark Matthew Manno Sells 460 Shares of Alpha Metallurgical Resources (NYSE:AMR) Stock

Alpha Metallurgical Resources, Inc. (NYSE:AMR) EVP Mark Matthew Manno sold 460 shares of the firm’s stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $214.64, for a total value of $98,734.40. Following the transaction, the executive vice president directly owned 3,966 shares in the company, valued at approximately $851,262.24. This represents a 10.39% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Alpha Metallurgical Resources Stock Performance

NYSE AMR opened at $212.79 on Thursday. The company has a quick ratio of 2.81, a current ratio of 3.67 and a debt-to-equity ratio of 0.01. Alpha Metallurgical Resources, Inc. has a 52-week low of $97.41 and a 52-week high of $253.82. The business’s 50-day moving average price is $196.21 and its 200 day moving average price is $194.74. The firm has a market cap of $2.71 billion, a P/E ratio of -70.93 and a beta of 0.62.

Alpha Metallurgical Resources (NYSE:AMR) last released its quarterly earnings results on Friday, May 8th. The energy company reported ($0.86) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.86). Alpha Metallurgical Resources had a negative return on equity of 2.47% and a negative net margin of 1.83%.The firm had revenue of $447.32 million for the quarter, compared to analyst estimates of $535.15 million. During the same quarter last year, the company posted ($2.60) earnings per share. The business’s revenue was down 1.3% on a year-over-year basis. On average, equities research analysts expect that Alpha Metallurgical Resources, Inc. will post 11.98 earnings per share for the current year.

Institutional Investors Weigh In On Alpha Metallurgical Resources

Hedge funds and other institutional investors have recently modified their holdings of the stock. Los Angeles Capital Management LLC acquired a new stake in shares of Alpha Metallurgical Resources during the 4th quarter valued at approximately $29,000. Caitong International Asset Management Co. Ltd lifted its position 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 valued at $33,000 after acquiring an additional 112 shares during the period. Leonteq Securities AG acquired a new stake in shares of Alpha Metallurgical Resources during the 1st quarter valued at approximately $37,000. Aster Capital Management DIFC Ltd acquired a new stake in shares of Alpha Metallurgical Resources during the 4th quarter valued at approximately $45,000. Finally, Hantz Financial Services Inc. lifted 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 period. 84.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on AMR shares. B. Riley Financial raised their price objective on shares of Alpha Metallurgical Resources from $203.00 to $207.00 and gave the company a “neutral” rating in a research report on Thursday, March 5th. Jefferies Financial Group restated a “hold” rating and issued a $185.00 price objective on shares of Alpha Metallurgical Resources in a research report on Monday, March 2nd. Benchmark restated a “hold” rating on shares of Alpha Metallurgical Resources in a research report on Monday, March 2nd. Weiss Ratings restated a “sell (d)” rating on shares of Alpha Metallurgical Resources in a research report on Friday, March 27th. Finally, Zacks Research downgraded shares of Alpha Metallurgical Resources from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 5th. Four analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Reduce” and an average target price of $195.33.

About Alpha Metallurgical Resources

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.