Alpha Metallurgical Resources (NYSE:AMR) COO Sells $828,104.28 in Stock

Alpha Metallurgical Resources, Inc. (NYSE:AMR) COO Jason Whitehead sold 3,901 shares of the firm’s stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $212.28, for a total value of $828,104.28. Following the sale, the chief operating officer directly owned 10,450 shares of the company’s stock, valued at $2,218,326. This represents a 27.18% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Alpha Metallurgical Resources Stock Performance

Alpha Metallurgical Resources stock traded up $3.32 during mid-day trading on Thursday, hitting $216.10. 195,402 shares of the company’s stock traded hands, compared to its average volume of 281,769. The firm has a 50 day simple moving average of $196.21 and a two-hundred day simple moving average of $194.74. Alpha Metallurgical Resources, Inc. has a fifty-two week low of $97.41 and a fifty-two week high of $253.82. The stock has a market cap of $2.75 billion, a price-to-earnings ratio of -72.03 and a beta of 0.62. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.67 and a quick ratio of 2.81.

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

Institutional Investors Weigh In On Alpha Metallurgical Resources

Hedge funds and other institutional investors have recently modified their holdings of the company. Los Angeles Capital Management LLC bought a new position in shares of Alpha Metallurgical Resources in the fourth quarter worth $29,000. Caitong International Asset Management Co. Ltd increased its position in shares of 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 purchasing an additional 112 shares during the period. Leonteq Securities AG bought a new position in shares of Alpha Metallurgical Resources in the first quarter worth $37,000. Aster Capital Management DIFC Ltd bought a new position in shares of Alpha Metallurgical Resources in the fourth quarter worth $45,000. Finally, Hantz Financial Services Inc. increased its position in shares of Alpha Metallurgical Resources by 361.5% in the third quarter. Hantz Financial Services Inc. now owns 240 shares of the energy company’s stock worth $39,000 after purchasing an additional 188 shares during the period. Institutional investors and hedge funds own 84.29% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Benchmark reissued a “hold” rating on shares of Alpha Metallurgical Resources in a report on Monday, March 2nd. B. Riley Financial lifted their target price on Alpha Metallurgical Resources from $203.00 to $207.00 and gave the stock a “neutral” rating in a report on Thursday, March 5th. Atlantic Securities set a $194.00 target price on Alpha Metallurgical Resources in a report on Thursday, April 30th. Weiss Ratings reissued a “sell (d)” rating on shares of Alpha Metallurgical Resources in a report on Friday, March 27th. Finally, Jefferies Financial Group reissued a “hold” rating and set a $185.00 target price on shares of Alpha Metallurgical Resources in a report on Monday, March 2nd. Four equities research analysts have rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, Alpha Metallurgical Resources presently has a consensus rating of “Reduce” and a consensus price target of $195.33.

Alpha Metallurgical Resources Company Profile

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.