Insider Selling: Alpha Metallurgical Resources (NYSE:AMR) EVP Sells $98,734.40 in Stock

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

Alpha Metallurgical Resources Trading Up 1.6%

Alpha Metallurgical Resources stock opened at $216.10 on Friday. The firm’s 50-day moving average is $196.16 and its 200-day moving average is $195.14. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.81 and a current ratio of 3.67. Alpha Metallurgical Resources, Inc. has a 1 year low of $97.41 and a 1 year high of $253.82. The company has a market cap of $2.75 billion, a P/E ratio of -72.03 and a beta of 0.62.

Alpha Metallurgical Resources (NYSE:AMR) last issued its quarterly earnings data on Friday, May 8th. The energy company reported ($0.86) earnings per share for the quarter, meeting the consensus estimate of ($0.86). The firm had revenue of $447.32 million for the quarter, compared to the consensus estimate of $535.15 million. Alpha Metallurgical Resources had a negative net margin of 1.83% and a negative return on equity of 2.47%. Alpha Metallurgical Resources’s quarterly revenue was down 1.3% compared to the same quarter last year. During the same period last year, the firm posted ($2.60) EPS. On average, equities analysts expect that Alpha Metallurgical Resources, Inc. will post 11.98 earnings per share for the current year.

Analyst Ratings Changes

Several analysts recently weighed in on AMR shares. Atlantic Securities set a $194.00 price objective on shares of Alpha Metallurgical Resources in a research report on Thursday, April 30th. Weiss Ratings reiterated a “sell (d)” rating on shares of Alpha Metallurgical Resources in a research report on Friday, March 27th. B. Riley Financial lifted their price objective 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. Zacks Research downgraded shares of Alpha Metallurgical Resources from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 5th. Finally, Jefferies Financial Group reiterated a “hold” rating and issued a $185.00 price objective on shares of Alpha Metallurgical Resources in a research report on Monday, March 2nd. Four investment analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Reduce” and an average price target of $195.33.

Hedge Funds Weigh In On Alpha Metallurgical Resources

Large investors have recently bought and sold shares of the stock. Los Angeles Capital Management LLC acquired a new position in Alpha Metallurgical Resources during the 4th quarter valued at about $29,000. Caitong International Asset Management Co. Ltd increased its stake in Alpha Metallurgical Resources by 215.4% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 164 shares of the energy company’s stock valued at $33,000 after buying an additional 112 shares during the period. Leonteq Securities AG acquired a new position in Alpha Metallurgical Resources during the 1st quarter valued at about $37,000. Aster Capital Management DIFC Ltd acquired a new position in Alpha Metallurgical Resources during the 4th quarter valued at about $45,000. Finally, Hantz Financial Services Inc. increased 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 valued at $39,000 after buying an additional 188 shares during the period. Institutional investors and hedge funds 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.