Alpha Metallurgical Resources (NYSE:AMR) EVP Mark Matthew Manno Sells 460 Shares of Stock

Alpha Metallurgical Resources, Inc. (NYSE:AMR) EVP Mark Matthew Manno sold 460 shares of the business’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $214.64, for a total transaction of $98,734.40. Following the completion of the sale, the executive vice president owned 3,966 shares of the company’s stock, valued at approximately $851,262.24. This represents a 10.39% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.

Alpha Metallurgical Resources Trading Up 0.6%

NYSE:AMR opened at $216.68 on Wednesday. Alpha Metallurgical Resources, Inc. has a one year low of $97.41 and a one year high of $253.82. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.81 and a current ratio of 3.67. The firm has a market cap of $2.76 billion, a P/E ratio of -72.23 and a beta of 0.62. The firm has a 50-day simple moving average of $195.51 and a 200-day simple moving average of $194.03.

Alpha Metallurgical Resources (NYSE:AMR) last posted its quarterly earnings results on Friday, May 8th. The energy company reported ($0.86) EPS for the quarter, meeting the consensus estimate of ($0.86). Alpha Metallurgical Resources had a negative net margin of 1.83% and a negative return on equity of 2.47%. The business had revenue of $447.32 million during the quarter, compared to analyst estimates of $535.15 million. During the same quarter in the previous year, the business posted ($2.60) EPS. The company’s quarterly revenue was down 1.3% compared to the same quarter last year. Equities analysts anticipate that Alpha Metallurgical Resources, Inc. will post 11.98 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently commented on AMR shares. Jefferies Financial Group restated a “hold” rating and issued a $185.00 price target on shares of Alpha Metallurgical Resources in a report on Monday, March 2nd. Benchmark restated a “hold” rating on shares of Alpha Metallurgical Resources in a report on Monday, March 2nd. B. Riley Financial increased their target price on shares of Alpha Metallurgical Resources from $203.00 to $207.00 and gave the company a “neutral” rating in a research report on Thursday, March 5th. Atlantic Securities set a $194.00 target price on shares of Alpha Metallurgical Resources in a research report on Thursday, April 30th. Finally, Zacks Research cut shares of Alpha Metallurgical Resources from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 5th. Four investment analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Reduce” and an average price target of $195.33.

Institutional Investors Weigh In On Alpha Metallurgical Resources

A number of hedge funds and other institutional investors have recently bought and sold shares of AMR. Los Angeles Capital Management LLC purchased a new stake in Alpha Metallurgical Resources during the fourth quarter valued at approximately $29,000. Caitong International Asset Management Co. Ltd lifted its position in Alpha Metallurgical Resources by 215.4% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 164 shares of the energy company’s stock valued at $33,000 after acquiring an additional 112 shares during the last quarter. Leonteq Securities AG acquired a new position in Alpha Metallurgical Resources during the 1st quarter valued at approximately $37,000. Hantz Financial Services Inc. raised its holdings in shares of Alpha Metallurgical Resources by 361.5% in the third quarter. Hantz Financial Services Inc. now owns 240 shares of the energy company’s stock worth $39,000 after buying an additional 188 shares during the last quarter. Finally, Aster Capital Management DIFC Ltd purchased a new position in shares of Alpha Metallurgical Resources in the fourth quarter worth $45,000. Hedge funds and other institutional investors own 84.29% of the company’s stock.

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.