Alpha Metallurgical Resources, Inc. (NYSE:AMR) Short Interest Up 22.5% in February

Alpha Metallurgical Resources, Inc. (NYSE:AMR) was the target of a large growth in short interest in the month of February. As of February 13th, there was short interest totaling 1,675,954 shares, a growth of 22.5% from the January 29th total of 1,367,797 shares. Currently, 15.5% of the company’s shares are sold short. Based on an average trading volume of 269,930 shares, the short-interest ratio is currently 6.2 days. Based on an average trading volume of 269,930 shares, the short-interest ratio is currently 6.2 days. Currently, 15.5% of the company’s shares are sold short.

Analysts Set New Price Targets

Several equities research analysts have issued reports on AMR shares. Zacks Research downgraded Alpha Metallurgical Resources from a “hold” rating to a “strong sell” rating in a report on Thursday, February 5th. Benchmark reissued a “hold” rating on shares of Alpha Metallurgical Resources in a research note on Monday. Weiss Ratings reiterated a “sell (d)” rating on shares of Alpha Metallurgical Resources in a report on Monday, December 29th. Jefferies Financial Group reissued a “hold” rating and set a $185.00 price objective on shares of Alpha Metallurgical Resources in a research report on Monday. Finally, B. Riley Financial cut shares of Alpha Metallurgical Resources from a “buy” rating to a “neutral” rating and cut their price objective for the company from $204.00 to $203.00 in a research report on Wednesday, February 4th. Four equities research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, Alpha Metallurgical Resources presently has an average rating of “Reduce” and an average target price of $194.00.

Insider Buying and Selling

In related news, insider Daniel E. Horn sold 8,125 shares of the business’s stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $188.32, for a total transaction of $1,530,100.00. Following the completion of the transaction, the insider owned 4,989 shares in the company, valued at approximately $939,528.48. The trade was a 61.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Michael Gorzynski purchased 38,576 shares of Alpha Metallurgical Resources stock in a transaction dated Monday, December 15th. The shares were purchased at an average cost of $188.50 per share, for a total transaction of $7,271,576.00. Following the completion of the transaction, the director owned 644,025 shares of the company’s stock, valued at approximately $121,398,712.50. This represents a 6.37% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have bought 98,576 shares of company stock valued at $17,994,174 in the last 90 days. 16.00% of the stock is owned by insiders.

Institutional Inflows and Outflows

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

Alpha Metallurgical Resources Stock Up 5.6%

AMR traded up $9.19 during trading hours on Tuesday, hitting $174.37. 386,907 shares of the company’s stock were exchanged, compared to its average volume of 291,732. The stock has a market cap of $2.24 billion, a price-to-earnings ratio of -36.79 and a beta of 0.79. Alpha Metallurgical Resources has a 1-year low of $97.41 and a 1-year high of $253.82. The stock’s 50-day moving average is $206.95 and its two-hundred day moving average is $178.07. 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 (NYSE:AMR) last issued its quarterly earnings results on Friday, February 27th. The energy company reported ($1.34) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($1.34). Alpha Metallurgical Resources had a negative net margin of 2.90% and a negative return on equity of 3.88%. The firm had revenue of $520.47 million for the quarter, compared to analyst estimates of $538.45 million. During the same period in the previous year, the business earned ($0.16) EPS. The company’s revenue was down 15.7% compared to the same quarter last year. Sell-side analysts predict that Alpha Metallurgical Resources will post 14.31 earnings per share for the current fiscal year.

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.