Properties Ltd. Golden Sells 118,892 Shares of American Resources (NASDAQ:AREC) Stock

American Resources Corporation (NASDAQ:AREC) major shareholder Properties Ltd. Golden sold 118,892 shares of the firm’s stock in a transaction on Wednesday, November 5th. The shares were sold at an average price of $4.02, for a total transaction of $477,945.84. Following the completion of the transaction, the insider directly owned 11,178,095 shares of the company’s stock, valued at approximately $44,935,941.90. The trade was a 1.05% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Large shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Properties Ltd. Golden also recently made the following trade(s):

• On Tuesday, November 4th, Properties Ltd. Golden sold 92,973 shares of American Resources stock. The shares were sold at an average price of $4.00, for a total transaction of $371,892.00.
• On Tuesday, August 19th, Properties Ltd. Golden sold 1,000,000 shares of American Resources stock. The stock was sold at an average price of $1.26, for a total transaction of $1,260,000.00.
• On Friday, October 17th, Properties Ltd. Golden sold 980,000 shares of American Resources stock. The shares were sold at an average price of $4.06, for a total transaction of $3,978,800.00.
• On Monday, October 20th, Properties Ltd. Golden sold 20,000 shares of American Resources stock. The shares were sold at an average price of $4.12, for a total transaction of $82,400.00.

American Resources Stock Down 1.4%

Shares of NASDAQ AREC traded down $0.05 during midday trading on Thursday, hitting $3.66. The stock had a trading volume of 5,200,615 shares, compared to its average volume of 4,846,772. The business’s 50 day moving average is $3.22 and its 200-day moving average is $1.82. American Resources Corporation has a 52 week low of $0.38 and a 52 week high of $7.11. The company has a market cap of $364.16 million, a P/E ratio of -7.86 and a beta of 1.15.

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Northwest Financial Advisors purchased a new stake in American Resources in the 3rd quarter worth $27,000. Belvedere Trading LLC purchased a new stake in American Resources during the 3rd quarter valued at about $30,000. CWM LLC acquired a new position in American Resources in the 3rd quarter valued at about $429,000. Jane Street Group LLC acquired a new position in shares of American Resources in the 2nd quarter worth approximately $139,000. Finally, XTX Topco Ltd acquired a new stake in American Resources during the 2nd quarter worth approximately $33,000. 9.32% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. D. Boral Capital initiated coverage on shares of American Resources in a research note on Monday, September 15th. They issued a “buy” rating and a $6.00 target price for the company. William Blair began coverage on shares of American Resources in a report on Monday, October 20th. They issued an “outperform” rating on the stock. Weiss Ratings restated a “sell (d-)” rating on shares of American Resources in a research report on Wednesday, October 8th. Roth Capital reaffirmed a “buy” rating and set a $5.00 price target on shares of American Resources in a research note on Monday, October 13th. Finally, Wall Street Zen upgraded American Resources from a “sell” rating to a “hold” rating in a report on Sunday, September 28th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, American Resources presently has a consensus rating of “Moderate Buy” and an average target price of $5.50.

About American Resources

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.