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 the company’s stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $183.24, for a total value of $462,314.52. Following the transaction, the chief financial officer owned 4,735 shares in the company, valued at $867,641.40. This trade represents a 34.76% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Alpha Metallurgical Resources Trading Down 7.3%

Shares of AMR traded down $13.32 during midday trading on Thursday, hitting $169.37. 345,543 shares of the stock were exchanged, compared to its average volume of 295,381. Alpha Metallurgical Resources, Inc. has a 52-week low of $97.41 and a 52-week high of $253.82. 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 fifty day simple moving average of $204.98 and a 200 day simple moving average of $178.23. The firm has a market cap of $2.17 billion, a P/E ratio of -35.73 and a beta of 0.79.

Alpha Metallurgical Resources (NYSE:AMR) last posted its earnings results on Friday, February 27th. The energy company reported ($1.34) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($1.34). The firm had revenue of $520.47 million for the quarter, compared to analyst estimates of $538.45 million. Alpha Metallurgical Resources had a negative return on equity of 3.88% and a negative net margin of 2.90%.Alpha Metallurgical Resources’s revenue was down 15.7% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.16) EPS. On average, research analysts anticipate that Alpha Metallurgical Resources, Inc. will post 14.31 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have issued reports on AMR. Texas Capital lowered shares of Alpha Metallurgical Resources from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 29th. B. Riley Financial upped their price objective on Alpha Metallurgical Resources from $203.00 to $207.00 and gave the stock a “neutral” rating in a research report on Thursday. Weiss Ratings reiterated a “sell (d)” rating on shares of Alpha Metallurgical Resources in a report on Monday, December 29th. Jefferies Financial Group restated a “hold” rating and set a $185.00 price target on shares of Alpha Metallurgical Resources in a report on Monday. Finally, Zacks Research lowered shares of Alpha Metallurgical Resources from a “hold” rating to a “strong sell” rating in a research note on Thursday, February 5th. Four research analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, Alpha Metallurgical Resources has an average rating of “Reduce” and a consensus price target of $196.00.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Financial Management Professionals Inc. purchased a new stake in Alpha Metallurgical Resources in the third quarter valued at $25,000. Los Angeles Capital Management LLC purchased a new stake in shares of Alpha Metallurgical Resources in the 4th quarter valued at about $29,000. Caitong International Asset Management Co. Ltd boosted its position in shares of Alpha Metallurgical Resources by 215.4% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 164 shares of the energy company’s stock valued at $33,000 after purchasing an additional 112 shares during the period. Hantz Financial Services Inc. grew its stake in Alpha Metallurgical Resources by 361.5% during the 3rd 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, CWM LLC grew its stake in Alpha Metallurgical Resources by 146.0% during the 3rd quarter. CWM LLC now owns 246 shares of the energy company’s stock worth $40,000 after buying an additional 146 shares during the last quarter. 84.29% of the stock is owned by hedge funds and other institutional investors.

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.