American Resources Sees Unusually High Options Volume (NASDAQ:AREC)

American Resources Corporation (NASDAQ:AREC) saw some unusual options trading activity on Monday. Investors acquired 16,635 call options on the stock. This represents an increase of 215% compared to the typical volume of 5,285 call options.

Insiders Place Their Bets

In other news, major shareholder Properties Ltd. Golden sold 20,000 shares of American Resources stock in a transaction on Monday, October 20th. The shares were sold at an average price of $4.12, for a total transaction of $82,400.00. Following the completion of the sale, the insider directly owned 11,389,960 shares in the company, valued at approximately $46,926,635.20. The trade was a 0.18% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders have sold 2,000,000 shares of company stock valued at $5,321,200 in the last three months. 16.80% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in AREC. Jane Street Group LLC acquired a new position in shares of American Resources in the second quarter worth about $139,000. CWM LLC acquired a new position in shares of American Resources in the third quarter worth about $429,000. JPMorgan Chase & Co. raised its position in shares of American Resources by 86,418.3% in the second quarter. JPMorgan Chase & Co. now owns 122,856 shares of the company’s stock worth $102,000 after acquiring an additional 122,714 shares during the period. Virtu Financial LLC raised its position in shares of American Resources by 271.3% in the first quarter. Virtu Financial LLC now owns 101,913 shares of the company’s stock worth $48,000 after acquiring an additional 74,464 shares during the period. Finally, XTX Topco Ltd acquired a new position in shares of American Resources in the second quarter worth about $33,000. 9.32% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on AREC shares. D. Boral Capital started coverage on shares of American Resources in a research note on Monday, September 15th. They set a “buy” rating and a $6.00 price objective for the company. Wall Street Zen upgraded shares of American Resources from a “sell” rating to a “hold” rating in a research note on Sunday, September 28th. D Boral Capital upgraded shares of American Resources to a “strong-buy” rating in a research note on Monday, September 15th. Roth Capital reiterated a “buy” rating and set a $5.00 price objective on shares of American Resources in a research note on Monday, October 13th. Finally, William Blair started coverage on shares of American Resources in a research note on Monday, October 20th. They set an “outperform” rating for the company. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, American Resources currently has an average rating of “Moderate Buy” and a consensus price target of $5.50.

American Resources Stock Performance

NASDAQ AREC traded up $0.17 on Monday, reaching $4.02. 40,386,506 shares of the company’s stock traded hands, compared to its average volume of 4,760,882. The firm has a market cap of $400.10 million, a price-to-earnings ratio of -8.44 and a beta of 1.14. The stock has a 50 day moving average price of $3.11 and a 200-day moving average price of $1.77. American Resources has a fifty-two week low of $0.38 and a fifty-two week high of $7.11.

American Resources (NASDAQ:AREC) last posted its earnings results on Tuesday, August 19th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.05). The company had revenue of $0.01 million for the quarter, compared to the consensus estimate of $16.40 million. As a group, equities research analysts anticipate that American Resources will post -0.38 EPS for the current fiscal year.

American Resources Company Profile

American Resources Corporation, together with its subsidiaries, extracts, processes, transports, and sells metallurgical coal to the steel and industrial industries. It supplies raw materials; and sells coal used in pulverized coal injections. The company was founded in 2006 and is headquartered in Fishers, Indiana.