Alpha Metallurgical Resources (NYSE:AMR) Shares Down 4.6%

Alpha Metallurgical Resources, Inc. (NYSE:AMR)’s share price traded down 4.6% on Tuesday . The stock traded as low as $316.95 and last traded at $317.81. 43,109 shares were traded during mid-day trading, a decline of 82% from the average session volume of 241,361 shares. The stock had previously closed at $333.00.

Analyst Ratings Changes

Separately, B. Riley cut their price objective on shares of Alpha Metallurgical Resources from $381.00 to $374.00 and set a “buy” rating on the stock in a research report on Monday, April 15th.

Alpha Metallurgical Resources Trading Down 3.5 %

The company has a 50 day simple moving average of $346.27 and a 200 day simple moving average of $318.40. The stock has a market cap of $4.18 billion, a P/E ratio of 6.84 and a beta of 1.35.

Alpha Metallurgical Resources (NYSE:AMR) last issued its quarterly earnings results on Monday, February 26th. The energy company reported $12.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $8.78 by $4.10. Alpha Metallurgical Resources had a net margin of 20.80% and a return on equity of 46.22%. The firm had revenue of $959.90 million for the quarter, compared to analyst estimates of $796.65 million. During the same period in the previous year, the business earned $13.37 EPS. The company’s revenue was up 16.6% compared to the same quarter last year. As a group, sell-side analysts expect that Alpha Metallurgical Resources, Inc. will post 29.82 earnings per share for the current year.

Insider Transactions at Alpha Metallurgical Resources

In related news, insider Daniel E. Horn sold 100 shares of Alpha Metallurgical Resources stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $360.29, for a total transaction of $36,029.00. Following the completion of the transaction, the insider now owns 6,462 shares in the company, valued at $2,328,193.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, insider Daniel E. Horn sold 100 shares of the firm’s stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $360.29, for a total transaction of $36,029.00. Following the completion of the sale, the insider now owns 6,462 shares in the company, valued at approximately $2,328,193.98. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CAO Roger Lee Nicholson sold 6,629 shares of Alpha Metallurgical Resources stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $369.71, for a total transaction of $2,450,807.59. Following the sale, the chief accounting officer now directly owns 10,720 shares of the company’s stock, valued at approximately $3,963,291.20. The disclosure for this sale can be found here. Insiders have sold a total of 153,971 shares of company stock worth $55,479,986 in the last 90 days. Corporate insiders own 16.40% of the company’s stock.

Hedge Funds Weigh In On Alpha Metallurgical Resources

A number of hedge funds have recently added to or reduced their stakes in AMR. State of Alaska Department of Revenue acquired a new position in shares of Alpha Metallurgical Resources during the 4th quarter worth $2,465,000. Raymond James & Associates grew its position in Alpha Metallurgical Resources by 203.8% during the 3rd quarter. Raymond James & Associates now owns 9,546 shares of the energy company’s stock worth $2,479,000 after acquiring an additional 6,404 shares during the last quarter. Invesco Ltd. boosted its stake in shares of Alpha Metallurgical Resources by 180.9% during the third quarter. Invesco Ltd. now owns 115,816 shares of the energy company’s stock valued at $30,081,000 after purchasing an additional 74,583 shares in the last quarter. J.P. Morgan Private Wealth Advisors LLC bought a new stake in shares of Alpha Metallurgical Resources during the third quarter worth about $28,239,000. Finally, Dalal Street LLC grew its holdings in shares of Alpha Metallurgical Resources by 21.7% during the third quarter. Dalal Street LLC now owns 441,510 shares of the energy company’s stock worth $114,673,000 after purchasing an additional 78,861 shares during the last quarter. Institutional investors own 84.29% of the company’s stock.

About Alpha Metallurgical Resources

Alpha Metallurgical Resources, Inc, a mining company, produces, processes, and sells met and thermal coal in Virginia and West Virginia. The company offers metallurgical coal products. It operates twenty-two active mines and nine coal preparation and load-out facilities. The company was formerly known as Contura Energy, Inc and changed its name to Alpha Metallurgical Resources, Inc in February 2021.