Alpha Metallurgical Resources, Inc. (NYSE:AMR) Given Consensus Recommendation of “Reduce” by Brokerages

Alpha Metallurgical Resources, Inc. (NYSE:AMR) has earned a consensus recommendation of “Reduce” from the seven research firms that are currently covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating and five have given a hold rating to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $203.6667.

Several equities analysts recently weighed in on the company. B. Riley Securities reiterated a “neutral” rating and set a $203.00 target price (down from $204.00) on shares of Alpha Metallurgical Resources in a research report on Wednesday, February 4th. Zacks Research cut shares of Alpha Metallurgical Resources from a “hold” rating to a “strong sell” rating in a research report on Thursday, February 5th. B. Riley Financial downgraded shares of Alpha Metallurgical Resources from a “buy” rating to a “neutral” rating and lowered their target price for the company from $204.00 to $203.00 in a report on Wednesday, February 4th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Alpha Metallurgical Resources in a research note on Monday, December 29th. Finally, B.Riley Securit lowered shares of Alpha Metallurgical Resources from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 4th.

Alpha Metallurgical Resources Stock Down 1.7%

Shares of Alpha Metallurgical Resources stock opened at $187.69 on Friday. Alpha Metallurgical Resources has a fifty-two week low of $97.41 and a fifty-two week high of $253.82. The business’s fifty day moving average is $210.36 and its two-hundred day moving average is $174.12. The firm has a market cap of $2.41 billion, a PE ratio of -52.72 and a beta of 0.78.

Insiders Place Their Bets

In other news, Director Michael Gorzynski purchased 38,576 shares of the company’s stock in a transaction on Monday, December 15th. The stock was bought at an average cost of $188.50 per share, for a total transaction of $7,271,576.00. Following the completion of the purchase, the director directly owned 644,025 shares of the company’s stock, valued at $121,398,712.50. The trade was a 6.37% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Daniel E. Horn sold 8,125 shares of Alpha Metallurgical Resources stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $188.32, for a total value of $1,530,100.00. Following the completion of the transaction, the insider directly owned 4,989 shares in the company, valued at $939,528.48. This represents a 61.96% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders bought 98,576 shares of company stock worth $17,994,174 over the last three months. 16.00% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Financial Management Professionals Inc. acquired a new stake in shares of Alpha Metallurgical Resources in the third quarter worth $25,000. Los Angeles Capital Management LLC purchased a new stake in Alpha Metallurgical Resources during the 4th quarter worth $29,000. Hantz Financial Services Inc. increased its holdings in Alpha Metallurgical Resources by 361.5% in the 3rd quarter. Hantz Financial Services Inc. now owns 240 shares of the energy company’s stock valued at $39,000 after purchasing an additional 188 shares in the last quarter. CWM LLC raised its position in Alpha Metallurgical Resources by 146.0% in the third quarter. CWM LLC now owns 246 shares of the energy company’s stock valued at $40,000 after purchasing an additional 146 shares during the period. Finally, Farther Finance Advisors LLC boosted its position in shares of Alpha Metallurgical Resources by 48.9% in the third quarter. Farther Finance Advisors LLC now owns 265 shares of the energy company’s stock worth $43,000 after buying an additional 87 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.