Alpha Metallurgical Resources, Inc. (NYSE:AMR) Director Kenneth S. Courtis Sells 10,621 Shares

Alpha Metallurgical Resources, Inc. (NYSE:AMR) Director Kenneth S. Courtis sold 10,621 shares of the company’s stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $228.73, for a total value of $2,429,341.33. Following the sale, the director now owns 603,342 shares of the company’s stock, valued at $138,002,415.66. This trade represents a 1.73 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Alpha Metallurgical Resources Stock Performance

NYSE:AMR traded down $7.08 during trading hours on Tuesday, hitting $211.41. The company’s stock had a trading volume of 222,744 shares, compared to its average volume of 213,497. The business’s 50-day moving average is $227.96 and its two-hundred day moving average is $251.41. The company has a market capitalization of $2.75 billion, a PE ratio of 8.01 and a beta of 1.46. Alpha Metallurgical Resources, Inc. has a 52-week low of $185.00 and a 52-week high of $452.00.

Alpha Metallurgical Resources (NYSE:AMR) last released its quarterly earnings data on Friday, November 1st. The energy company reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.60 by ($1.31). The business had revenue of $671.90 million during the quarter, compared to analysts’ expectations of $672.95 million. Alpha Metallurgical Resources had a return on equity of 22.65% and a net margin of 11.08%. The company’s revenue was down 9.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $6.65 EPS. As a group, analysts predict that Alpha Metallurgical Resources, Inc. will post 16.87 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of AMR. Federated Hermes Inc. purchased a new position in Alpha Metallurgical Resources in the second quarter worth $25,000. GAMMA Investing LLC increased its position in shares of Alpha Metallurgical Resources by 124.6% in the third quarter. GAMMA Investing LLC now owns 137 shares of the energy company’s stock valued at $32,000 after buying an additional 76 shares in the last quarter. Harbor Capital Advisors Inc. purchased a new position in shares of Alpha Metallurgical Resources in the third quarter valued at $36,000. Sound Income Strategies LLC purchased a new position in shares of Alpha Metallurgical Resources in the third quarter valued at $40,000. Finally, Quest Partners LLC purchased a new position in shares of Alpha Metallurgical Resources in the third quarter valued at $116,000. Hedge funds and other institutional investors own 84.29% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. B. Riley cut their price target on Alpha Metallurgical Resources from $374.00 to $336.00 and set a “buy” rating for the company in a research note on Friday, September 6th. Benchmark restated a “hold” rating on shares of Alpha Metallurgical Resources in a research note on Monday, November 4th.

Alpha Metallurgical Resources Company Profile

Alpha Metallurgical Resources, Inc, a mining company, produces, processes, and sells met and thermal coal in Virginia and West Virginia. The company offers metallurgical coal products. It operates twenty-two active mines and nine coal preparation and load-out facilities. The company was formerly known as Contura Energy, Inc and changed its name to Alpha Metallurgical Resources, Inc in February 2021.