Alpha Metallurgical Resources (NYSE:AMR) COO Jason Whitehead Sells 3,901 Shares

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 stock was sold at an average price of $212.28, for a total value of $828,104.28. Following the completion of the transaction, the chief operating officer owned 10,450 shares in the company, valued at $2,218,326. The trade was a 27.18% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Alpha Metallurgical Resources Price Performance

Shares of NYSE AMR traded up $3.32 during mid-day trading on Thursday, reaching $216.10. The company had a trading volume of 195,402 shares, compared to its average volume of 281,769. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.81 and a current ratio of 3.67. Alpha Metallurgical Resources, Inc. has a one year low of $97.41 and a one year high of $253.82. The firm has a market cap of $2.75 billion, a price-to-earnings ratio of -72.03 and a beta of 0.62. The business’s 50-day simple moving average is $196.21 and its 200 day simple moving average is $194.74.

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

Analyst Ratings Changes

AMR has been the topic of a number of recent analyst reports. Atlantic Securities set a $194.00 target price on Alpha Metallurgical Resources in a research report on Thursday, April 30th. Weiss Ratings reiterated a “sell (d)” rating on shares of Alpha Metallurgical Resources in a research report on Friday, March 27th. Benchmark reiterated a “hold” rating on shares of Alpha Metallurgical Resources in a research 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 company a “neutral” rating in a research report on Thursday, March 5th. Finally, Jefferies Financial Group reiterated a “hold” rating and issued a $185.00 target price on shares of Alpha Metallurgical Resources in a research report on Monday, March 2nd. Four analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Reduce” and a consensus price target of $195.33.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. State Street Corp grew its position in Alpha Metallurgical Resources by 27.2% in the second quarter. State Street Corp now owns 865,934 shares of the energy company’s stock valued at $97,400,000 after acquiring an additional 185,281 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Alpha Metallurgical Resources by 5.6% during the first quarter. Dimensional Fund Advisors LP now owns 721,872 shares of the energy company’s stock worth $148,192,000 after purchasing an additional 38,300 shares during the last quarter. Continental General Insurance Co. grew its holdings in shares of Alpha Metallurgical Resources by 6.4% during the fourth quarter. Continental General Insurance Co. now owns 644,025 shares of the energy company’s stock worth $128,728,000 after purchasing an additional 38,576 shares during the last quarter. Dalal Street LLC grew its holdings in shares of Alpha Metallurgical Resources by 2.1% during the fourth quarter. Dalal Street LLC now owns 543,000 shares of the energy company’s stock worth $108,535,000 after purchasing an additional 11,000 shares during the last quarter. Finally, Gendell Jeffrey L grew its holdings in shares of Alpha Metallurgical Resources by 4.0% during the fourth quarter. Gendell Jeffrey L now owns 494,072 shares of the energy company’s stock worth $98,755,000 after purchasing an additional 19,033 shares during the last quarter. Institutional investors own 84.29% of the company’s stock.

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.