Alpha Metallurgical Resources (NYSE:AMR) Stock Price Down 6.4% – Time to Sell?

Alpha Metallurgical Resources, Inc. (NYSE:AMR) traded down 6.4% on Tuesday . The stock traded as low as $190.08 and last traded at $190.3620. Approximately 303,579 shares traded hands during mid-day trading, an increase of 14% from the average session volume of 265,373 shares. The stock had previously closed at $203.46.

Analyst Ratings Changes

Several equities analysts have commented on AMR shares. B.Riley Securit cut Alpha Metallurgical Resources from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 4th. Texas Capital cut Alpha Metallurgical Resources from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 29th. Zacks Research downgraded shares of Alpha Metallurgical Resources from a “hold” rating to a “strong sell” rating in a research note on Thursday, February 5th. B. Riley Financial lowered shares of Alpha Metallurgical Resources from a “buy” rating to a “neutral” rating and lowered their price target for the company from $204.00 to $203.00 in a report on Wednesday, February 4th. Finally, Jefferies Financial Group raised their price objective on shares of Alpha Metallurgical Resources from $165.00 to $205.00 and gave the stock a “hold” rating in a report on Tuesday, January 20th. Five research analysts have rated the stock with a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, Alpha Metallurgical Resources currently has a consensus rating of “Reduce” and a consensus price target of $203.67.

Alpha Metallurgical Resources Price Performance

The business’s 50 day moving average price is $209.57 and its 200-day moving average price is $173.52. The company has a market cap of $2.44 billion, a P/E ratio of -53.26 and a beta of 0.78.

Insider Activity at Alpha Metallurgical Resources

In related news, insider Daniel E. Horn sold 8,125 shares of the company’s stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $188.32, for a total transaction of $1,530,100.00. Following the transaction, the insider owned 4,989 shares in the company, valued at $939,528.48. This represents a 61.96% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Kenneth S. Courtis acquired 36,000 shares of the stock in a transaction on Monday, December 8th. The stock was bought at an average price of $175.26 per share, with a total value of $6,309,360.00. Following the transaction, the director directly owned 770,537 shares in the company, valued at approximately $135,044,314.62. This represents a 4.90% increase in their position. The SEC filing for this purchase provides additional information. Insiders acquired 98,576 shares of company stock valued at $17,994,174 over the last ninety days. 16.00% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Norges Bank bought a new position in Alpha Metallurgical Resources in the 4th quarter valued at $8,255,000. Legal & General Group Plc lifted its stake in shares of Alpha Metallurgical Resources by 2.8% during the fourth quarter. Legal & General Group Plc now owns 23,051 shares of the energy company’s stock valued at $4,607,000 after acquiring an additional 617 shares during the period. Hantz Financial Services Inc. lifted its stake in shares of Alpha Metallurgical Resources by 67.9% during the fourth quarter. Hantz Financial Services Inc. now owns 403 shares of the energy company’s stock valued at $81,000 after acquiring an additional 163 shares during the period. Mraz Amerine & Associates Inc. boosted its holdings in Alpha Metallurgical Resources by 79.0% in the fourth quarter. Mraz Amerine & Associates Inc. now owns 26,439 shares of the energy company’s stock valued at $5,285,000 after acquiring an additional 11,667 shares during the last quarter. Finally, ProShare Advisors LLC increased its position in Alpha Metallurgical Resources by 3.3% in the fourth quarter. ProShare Advisors LLC now owns 2,266 shares of the energy company’s stock worth $453,000 after purchasing an additional 73 shares during the period. Institutional investors own 84.29% of the company’s stock.

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.