Alpha Metallurgical Resources (NYSE:AMR) Insider Daniel Horn Sells 971 Shares of Stock

Alpha Metallurgical Resources, Inc. (NYSE:AMR) insider Daniel Horn sold 971 shares of the firm’s stock in a transaction dated Thursday, March 5th. The stock was sold at an average price of $170.05, for a total transaction of $165,118.55. Following the sale, the insider owned 7,320 shares of the company’s stock, valued at approximately $1,244,766. This represents a 11.71% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Alpha Metallurgical Resources Stock Up 4.2%

Shares of AMR opened at $175.72 on Tuesday. The firm has a market cap of $2.25 billion, a P/E ratio of -37.07 and a beta of 0.79. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.53 and a current ratio of 4.47. Alpha Metallurgical Resources, Inc. has a 52 week low of $97.41 and a 52 week high of $253.82. The firm’s 50-day simple moving average is $203.65 and its 200 day simple moving average is $179.26.

Alpha Metallurgical Resources (NYSE:AMR) last issued its quarterly earnings data on Friday, February 27th. The energy company reported ($1.34) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($1.34). Alpha Metallurgical Resources had a negative net margin of 2.90% and a negative return on equity of 3.88%. The firm had revenue of $436.33 million during the quarter, compared to the consensus estimate of $538.45 million. During the same period last year, the business posted ($0.16) earnings per share. The business’s revenue for the quarter was down 15.7% compared to the same quarter last year. On average, analysts forecast that Alpha Metallurgical Resources, Inc. will post 14.31 earnings per share for the current year.

Institutional Investors Weigh In On Alpha Metallurgical Resources

Several institutional investors have recently made changes to their positions in the stock. State Street Corp increased its stake in Alpha Metallurgical Resources by 27.2% during the 2nd quarter. State Street Corp now owns 865,934 shares of the energy company’s stock worth $97,400,000 after acquiring an additional 185,281 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Alpha Metallurgical Resources by 2.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 683,572 shares of the energy company’s stock valued at $136,636,000 after acquiring an additional 15,348 shares during the period. Continental General Insurance Co. lifted its position in shares of Alpha Metallurgical Resources by 6.4% during the 4th quarter. Continental General Insurance Co. now owns 644,025 shares of the energy company’s stock valued at $128,728,000 after acquiring an additional 38,576 shares during the period. Dalal Street LLC grew its holdings in shares of Alpha Metallurgical Resources by 2.1% during the 4th 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 in the last quarter. Finally, Gendell Jeffrey L grew its holdings in shares of Alpha Metallurgical Resources by 4.0% during the 4th 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 in the last quarter. 84.29% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

AMR has been the subject of several recent research reports. B. Riley Financial boosted their price target on Alpha Metallurgical Resources from $203.00 to $207.00 and gave the company a “neutral” rating in a research note on Thursday, March 5th. Weiss Ratings reiterated a “sell (d)” rating on shares of Alpha Metallurgical Resources in a research report on Monday, December 29th. Zacks Research downgraded Alpha Metallurgical Resources from a “hold” rating to a “strong sell” rating in a report on Thursday, February 5th. Texas Capital cut shares of Alpha Metallurgical Resources from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 29th. Finally, Benchmark restated a “hold” rating on shares of Alpha Metallurgical Resources in a research note on Monday, March 2nd. Four research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus price target of $196.00.

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.