Daniel Horn Sells 971 Shares of Alpha Metallurgical Resources (NYSE:AMR) Stock

Alpha Metallurgical Resources, Inc. (NYSE:AMR) insider Daniel Horn sold 971 shares of the business’s stock in a transaction that occurred on Thursday, March 5th. The stock was sold at an average price of $170.05, for a total value of $165,118.55. Following the transaction, the insider directly owned 7,320 shares in the company, valued at $1,244,766. This trade represents a 11.71% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Alpha Metallurgical Resources Stock Up 3.1%

Shares of NYSE:AMR opened at $180.68 on Wednesday. The company has a quick ratio of 3.53, a current ratio of 4.47 and a debt-to-equity ratio of 0.01. Alpha Metallurgical Resources, Inc. has a 52-week low of $97.41 and a 52-week high of $253.82. The company has a 50 day moving average of $203.22 and a two-hundred day moving average of $179.53. The company has a market capitalization of $2.31 billion, a price-to-earnings ratio of -38.12 and a beta of 0.79.

Alpha Metallurgical Resources (NYSE:AMR) last posted its earnings results on Friday, February 27th. The energy company reported ($1.34) EPS for the quarter, hitting analysts’ consensus estimates of ($1.34). The business had revenue of $436.33 million for the quarter, compared to analysts’ expectations 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 business’s revenue for the quarter was down 15.7% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.16) earnings per share. As a group, analysts forecast that Alpha Metallurgical Resources, Inc. will post 14.31 earnings per share for the current fiscal year.

Institutional Trading of Alpha Metallurgical Resources

Several institutional investors have recently added to or reduced their stakes in AMR. First Citizens Bank & Trust Co. grew its holdings in Alpha Metallurgical Resources by 1.8% during the 4th quarter. First Citizens Bank & Trust Co. now owns 4,058 shares of the energy company’s stock worth $811,000 after acquiring an additional 72 shares in the last quarter. ProShare Advisors LLC increased its position in shares of Alpha Metallurgical Resources by 3.3% in the 4th quarter. ProShare Advisors LLC now owns 2,266 shares of the energy company’s stock worth $453,000 after purchasing an additional 73 shares during the last quarter. Mainstay Capital Management LLC ADV raised its stake in shares of Alpha Metallurgical Resources by 5.9% in the 4th quarter. Mainstay Capital Management LLC ADV now owns 1,326 shares of the energy company’s stock valued at $265,000 after purchasing an additional 74 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in shares of Alpha Metallurgical Resources by 1.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 6,256 shares of the energy company’s stock valued at $704,000 after purchasing an additional 76 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. lifted its position in shares of Alpha Metallurgical Resources by 2.0% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 3,907 shares of the energy company’s stock worth $781,000 after purchasing an additional 78 shares during the last quarter. 84.29% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on AMR. Jefferies Financial Group reiterated a “hold” rating and issued a $185.00 price objective on shares of Alpha Metallurgical Resources in a report on Monday, March 2nd. B. Riley Financial raised their target price on Alpha Metallurgical Resources from $203.00 to $207.00 and gave the company a “neutral” rating in a research note on Thursday, March 5th. Texas Capital lowered 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 note on Monday, March 2nd. Finally, Zacks Research downgraded Alpha Metallurgical Resources from a “hold” rating to a “strong sell” rating in a report on Thursday, February 5th. Four equities research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Reduce” and a consensus price target of $196.00.

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.