Daniel Horn Sells 8,125 Shares of Alpha Metallurgical Resources (NYSE:AMR) Stock

Alpha Metallurgical Resources, Inc. (NYSE:AMR) insider Daniel Horn sold 8,125 shares of the company’s stock in a transaction 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 sale, the insider directly owned 4,989 shares in the company, valued at approximately $939,528.48. The trade was a 61.96% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Alpha Metallurgical Resources Stock Up 3.4%

NYSE:AMR traded up $6.26 during mid-day trading on Monday, hitting $191.29. 348,746 shares of the stock traded hands, compared to its average volume of 244,147. The firm’s 50 day moving average is $166.22 and its two-hundred day moving average is $144.70. Alpha Metallurgical Resources, Inc. has a 52 week low of $97.41 and a 52 week high of $229.00. The stock has a market capitalization of $2.46 billion, a price-to-earnings ratio of -53.73 and a beta of 0.91.

Alpha Metallurgical Resources (NYSE:AMR) last released its quarterly earnings data on Thursday, November 6th. The energy company reported ($0.42) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.35) by ($0.07). The company had revenue of $526.78 million during the quarter, compared to analysts’ expectations of $543.77 million. Alpha Metallurgical Resources had a negative net margin of 2.09% and a negative return on equity of 2.88%. Alpha Metallurgical Resources’s quarterly revenue was down 21.6% on a year-over-year basis. During the same period last year, the firm earned $0.29 earnings per share. As a group, research analysts predict that Alpha Metallurgical Resources, Inc. will post 14.31 EPS for the current year.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Alpha Metallurgical Resources in a research report on Monday, December 8th. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $160.50.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. CIBC Bancorp USA Inc. purchased a new stake in Alpha Metallurgical Resources in the 3rd quarter worth approximately $205,000. PDT Partners LLC boosted its holdings in Alpha Metallurgical Resources by 82.0% during the third quarter. PDT Partners LLC now owns 46,964 shares of the energy company’s stock worth $7,706,000 after buying an additional 21,159 shares in the last quarter. Dark Forest Capital Management LP purchased a new stake in shares of Alpha Metallurgical Resources during the 3rd quarter worth about $1,515,000. Virtus Advisers LLC acquired a new stake in Alpha Metallurgical Resources in the third quarter valued at approximately $550,000. Finally, Wexford Capital LP acquired a new position in Alpha Metallurgical Resources in the 3rd quarter valued at $222,000. 84.29% of the stock is currently owned by hedge funds and other institutional investors.

Alpha Metallurgical Resources Company Profile

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.