Alpha Metallurgical Resources (NYSE:AMR) CFO Sells $462,314.52 in Stock

Alpha Metallurgical Resources, Inc. (NYSE:AMR) CFO Joshua Todd Munsey sold 2,523 shares of Alpha Metallurgical Resources stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $183.24, for a total transaction of $462,314.52. Following the completion of the transaction, the chief financial officer directly owned 4,735 shares in the company, valued at $867,641.40. The trade was a 34.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Alpha Metallurgical Resources Stock Performance

Alpha Metallurgical Resources stock traded down $13.32 during midday trading on Thursday, hitting $169.37. 345,543 shares of the company’s stock were exchanged, compared to its average volume of 295,381. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.53 and a current ratio of 4.47. The stock has a market cap of $2.17 billion, a price-to-earnings ratio of -35.73 and a beta of 0.79. Alpha Metallurgical Resources, Inc. has a 12-month low of $97.41 and a 12-month high of $253.82. The firm’s 50 day simple moving average is $204.98 and its 200 day simple moving average is $178.23.

Alpha Metallurgical Resources (NYSE:AMR) last announced its earnings results on Friday, February 27th. The energy company reported ($1.34) EPS for the quarter, meeting analysts’ consensus estimates of ($1.34). Alpha Metallurgical Resources had a negative net margin of 2.90% and a negative return on equity of 3.88%. The business had revenue of $520.47 million during the quarter, compared to analysts’ expectations of $538.45 million. During the same period in the prior year, the company earned ($0.16) earnings per share. The business’s revenue was down 15.7% compared to the same quarter last year. Equities research analysts predict that Alpha Metallurgical Resources, Inc. will post 14.31 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Systrade AG acquired a new stake in Alpha Metallurgical Resources in the fourth quarter valued at $55,966,000. Crocodile Capital Partners GmbH purchased a new position in shares of Alpha Metallurgical Resources in the 4th quarter valued at about $40,999,000. State Street Corp increased its holdings in shares of Alpha Metallurgical Resources by 27.2% in the 2nd quarter. State Street Corp now owns 865,934 shares of the energy company’s stock valued at $97,400,000 after purchasing an additional 185,281 shares in the last quarter. Contrarius Group Holdings Ltd acquired a new stake in shares of Alpha Metallurgical Resources in the third quarter valued at about $12,146,000. Finally, Dalal Street LLC boosted its holdings in Alpha Metallurgical Resources by 15.6% during the third quarter. Dalal Street LLC now owns 532,000 shares of the energy company’s stock worth $87,296,000 after buying an additional 71,673 shares in the last quarter. Hedge funds and other institutional investors own 84.29% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on AMR shares. Weiss Ratings reissued a “sell (d)” rating on shares of Alpha Metallurgical Resources in a report on Monday, December 29th. Benchmark reiterated a “hold” rating on shares of Alpha Metallurgical Resources in a research report on Monday. Zacks Research cut shares of Alpha Metallurgical Resources from a “hold” rating to a “strong sell” rating in a research note on Thursday, February 5th. Texas Capital cut shares of Alpha Metallurgical Resources from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 29th. Finally, Jefferies Financial Group reaffirmed a “hold” rating and issued a $185.00 target price on shares of Alpha Metallurgical Resources in a report on Monday. Four analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Reduce” and a consensus price target of $196.00.

About Alpha Metallurgical Resources

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.