Alpha Metallurgical Resources (NYSE:AMR) Director Kenneth Courtis Buys 10,000 Shares

Alpha Metallurgical Resources, Inc. (NYSE:AMR) Director Kenneth Courtis purchased 10,000 shares of the business’s stock in a transaction that occurred on Friday, June 12th. The stock was bought at an average price of $200.73 per share, for a total transaction of $2,007,300.00. Following the purchase, the director directly owned 985,394 shares in the company, valued at $197,798,137.62. The trade was a 1.03% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Alpha Metallurgical Resources Stock Down 1.5%

Shares of Alpha Metallurgical Resources stock traded down $2.94 during midday trading on Tuesday, hitting $187.35. The company had a trading volume of 156,614 shares, compared to its average volume of 250,607. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.81 and a current ratio of 3.67. The stock has a market capitalization of $2.38 billion, a P/E ratio of -62.45 and a beta of 0.62. The company has a 50 day moving average of $193.55 and a 200 day moving average of $197.22. Alpha Metallurgical Resources, Inc. has a 52-week low of $97.41 and a 52-week high of $253.82.

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

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on AMR. Atlantic Securities set a $194.00 price objective on Alpha Metallurgical Resources in a research report on Thursday, April 30th. Benchmark reaffirmed a “hold” rating on shares of Alpha Metallurgical Resources in a research report on Monday, March 2nd. Jefferies Financial Group reaffirmed a “hold” rating and issued a $185.00 price objective on shares of Alpha Metallurgical Resources in a research report on Monday, March 2nd. Zacks Research cut Alpha Metallurgical Resources from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 5th. Finally, B. Riley Financial increased their price target on Alpha Metallurgical Resources from $203.00 to $207.00 and gave the company a “neutral” rating in a report on Thursday, March 5th. Four equities research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Reduce” and an average target price of $195.33.

Institutional Trading of Alpha Metallurgical Resources

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Empowered Funds LLC raised its holdings in Alpha Metallurgical Resources by 79.4% in the 1st quarter. Empowered Funds LLC now owns 37,347 shares of the energy company’s stock worth $7,666,000 after purchasing an additional 16,525 shares during the period. California State Teachers Retirement System raised its holdings in Alpha Metallurgical Resources by 23.0% in the 1st quarter. California State Teachers Retirement System now owns 13,237 shares of the energy company’s stock worth $2,717,000 after purchasing an additional 2,474 shares during the period. Quantinno Capital Management LP raised its holdings in Alpha Metallurgical Resources by 12.6% in the 1st quarter. Quantinno Capital Management LP now owns 1,280 shares of the energy company’s stock worth $263,000 after purchasing an additional 143 shares during the period. Sei Investments Co. raised its holdings in Alpha Metallurgical Resources by 86.0% in the 1st quarter. Sei Investments Co. now owns 38,213 shares of the energy company’s stock worth $7,844,000 after purchasing an additional 17,673 shares during the period. Finally, State of Wyoming raised its holdings in Alpha Metallurgical Resources by 163.4% in the 1st quarter. State of Wyoming now owns 2,766 shares of the energy company’s stock worth $568,000 after purchasing an additional 1,716 shares during the period. 84.29% of the stock is owned by hedge funds and other institutional investors.

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.