Kenneth Courtis Purchases 25,000 Shares of Alpha Metallurgical Resources (NYSE:AMR) Stock

Alpha Metallurgical Resources, Inc. (NYSE:AMR) Director Kenneth Courtis bought 25,000 shares of the business’s stock in a transaction on Monday, March 9th. The stock was purchased at an average cost of $176.23 per share, for a total transaction of $4,405,750.00. Following the transaction, the director owned 841,537 shares of the company’s stock, valued at $148,304,065.51. This trade represents a 3.06% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Alpha Metallurgical Resources Stock Up 3.8%

Shares of NYSE:AMR traded up $6.81 during trading on Wednesday, hitting $187.61. The company’s stock had a trading volume of 248,068 shares, compared to its average volume of 307,557. Alpha Metallurgical Resources, Inc. has a fifty-two week low of $97.41 and a fifty-two week high of $253.82. The company has a market capitalization of $2.40 billion, a PE ratio of -39.58 and a beta of 0.79. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.53 and a current ratio of 4.47. The business has a 50 day moving average price of $202.98 and a two-hundred day moving average price of $179.59.

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

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Jefferies Financial Group reiterated a “hold” rating and issued a $185.00 price objective on shares of Alpha Metallurgical Resources in a research report on Monday, March 2nd. Texas Capital downgraded Alpha Metallurgical Resources from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 29th. Benchmark reiterated 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 report on Monday, December 29th. Finally, B. Riley Financial raised their price objective on Alpha Metallurgical Resources from $203.00 to $207.00 and gave the stock a “neutral” rating in a report on Thursday, March 5th. Four research analysts have rated the stock with a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, Alpha Metallurgical Resources has a consensus rating of “Reduce” and a consensus price target of $196.00.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Los Angeles Capital Management LLC bought a new position in Alpha Metallurgical Resources in the 4th quarter worth approximately $29,000. Financial Management Professionals Inc. acquired a new position in shares of Alpha Metallurgical Resources in the 3rd quarter worth approximately $25,000. Caitong International Asset Management Co. Ltd grew its position in Alpha Metallurgical Resources by 215.4% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 164 shares of the energy company’s stock worth $33,000 after buying an additional 112 shares during the last quarter. Aster Capital Management DIFC Ltd acquired a new stake in shares of Alpha Metallurgical Resources during the fourth quarter worth $45,000. Finally, Hantz Financial Services Inc. raised its holdings in Alpha Metallurgical Resources by 361.5% during the 3rd quarter. Hantz Financial Services Inc. now owns 240 shares of the energy company’s stock worth $39,000 after buying an additional 188 shares during the period. 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.