Kenneth Courtis Acquires 5,000 Shares of Alpha Metallurgical Resources (NYSE:AMR) Stock

Alpha Metallurgical Resources, Inc. (NYSE:AMR) Director Kenneth Courtis bought 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 25th. The stock was acquired at an average price of $216.53 per share, for a total transaction of $1,082,650.00. Following the completion of the acquisition, the director directly owned 1,020,394 shares in the company, valued at approximately $220,945,912.82. This represents a 0.49% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Alpha Metallurgical Resources Stock Up 0.7%

AMR stock opened at $217.12 on Thursday. Alpha Metallurgical Resources, Inc. has a 12 month low of $133.64 and a 12 month high of $253.82. The firm has a market cap of $2.75 billion, a PE ratio of -60.65 and a beta of 0.65. The firm has a 50 day simple moving average of $160.99 and a 200 day simple moving average of $181.02. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.41 and a quick ratio of 2.37.

Alpha Metallurgical Resources (NYSE:AMR) last posted its quarterly earnings results on Friday, August 7th. The energy company reported ($0.96) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.97) by $0.01. Alpha Metallurgical Resources had a negative return on equity of 2.99% and a negative net margin of 2.23%.The company had revenue of $421.29 million for the quarter, compared to analysts’ expectations of $521.61 million. During the same quarter in the prior year, the company earned ($0.38) earnings per share. The firm’s revenue was down 10.4% on a year-over-year basis. Equities research analysts forecast that Alpha Metallurgical Resources, Inc. will post -2.4 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have recently issued reports on AMR. UBS Group started coverage on Alpha Metallurgical Resources in a research report on Friday, July 10th. They set a “neutral” rating and a $165.00 target price on the stock. B. Riley Financial decreased their price target on Alpha Metallurgical Resources from $189.00 to $185.00 and set a “neutral” rating for the company in a research report on Thursday, August 20th. Atlantic Securities set a $194.00 price target on Alpha Metallurgical Resources in a research note on Thursday, April 30th. Zacks Research upgraded Alpha Metallurgical Resources from a “strong sell” rating to a “hold” rating in a report on Wednesday, July 29th. Finally, Weiss Ratings lowered shares of Alpha Metallurgical Resources from a “sell (d)” rating to a “sell (e+)” rating in a research note on Tuesday, August 11th. Six investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Reduce” and an average price target of $176.00.

Institutional Trading of Alpha Metallurgical Resources

Several large investors have recently added to or reduced their stakes in AMR. Nykredit A S acquired a new stake in shares of Alpha Metallurgical Resources in the second quarter worth $25,000. Los Angeles Capital Management LLC purchased a new position in shares of Alpha Metallurgical Resources during the fourth quarter valued at $29,000. Caitong International Asset Management Co. Ltd raised its position in Alpha Metallurgical Resources by 215.4% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 164 shares of the energy company’s stock valued at $33,000 after buying an additional 112 shares during the period. Leonteq Securities AG acquired a new position in Alpha Metallurgical Resources during the first quarter valued at $37,000. Finally, Aster Capital Management DIFC Ltd purchased a new stake in Alpha Metallurgical Resources in the 4th quarter worth about $45,000. 84.29% of the stock is owned by institutional investors and hedge funds.

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.