Daniel Horn Sells 8,125 Shares of Alpha Metallurgical Resources (NYSE:AMR) Stock

Alpha Metallurgical Resources, Inc. (NYSE:AMR) insider Daniel Horn sold 8,125 shares of the company’s stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $188.32, for a total value of $1,530,100.00. Following the completion of the sale, the insider owned 4,989 shares in the company, valued at $939,528.48. The trade was a 61.96% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Alpha Metallurgical Resources Trading Up 3.4%

Alpha Metallurgical Resources stock traded up $6.26 during midday trading on Monday, reaching $191.29. The stock had a trading volume of 348,746 shares, compared to its average volume of 244,147. The company has a market capitalization of $2.46 billion, a P/E ratio of -53.73 and a beta of 0.91. Alpha Metallurgical Resources, Inc. has a 12 month low of $97.41 and a 12 month high of $229.00. The company has a fifty day moving average price of $166.22 and a two-hundred day moving average price of $144.70.

Alpha Metallurgical Resources (NYSE:AMR) last released its quarterly earnings results on Thursday, November 6th. The energy company reported ($0.42) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.35) by ($0.07). Alpha Metallurgical Resources had a negative net margin of 2.09% and a negative return on equity of 2.88%. The company had revenue of $526.78 million for the quarter, compared to analyst estimates of $543.77 million. During the same quarter last year, the firm posted $0.29 EPS. Alpha Metallurgical Resources’s revenue for the quarter was down 21.6% on a year-over-year basis. On average, equities research analysts predict that Alpha Metallurgical Resources, Inc. will post 14.31 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Alpha Metallurgical Resources in a research note on Monday, December 8th. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $160.50.

Institutional Investors Weigh In On Alpha Metallurgical Resources

Several institutional investors and hedge funds have recently modified their holdings of the stock. State Street Corp lifted its position in Alpha Metallurgical Resources by 27.2% during the 2nd quarter. State Street Corp now owns 865,934 shares of the energy company’s stock valued at $97,400,000 after acquiring an additional 185,281 shares during the period. Dalal Street LLC raised its position in Alpha Metallurgical Resources by 15.6% in the 3rd 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 during the last quarter. American Century Companies Inc. boosted its holdings in shares of Alpha Metallurgical Resources by 5.6% during the 3rd quarter. American Century Companies Inc. now owns 416,577 shares of the energy company’s stock valued at $68,356,000 after acquiring an additional 22,243 shares during the last quarter. Gendell Jeffrey L increased its position in Alpha Metallurgical Resources by 30.9% during the second quarter. Gendell Jeffrey L now owns 296,396 shares of the energy company’s stock valued at $33,339,000 after acquiring an additional 69,950 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of Alpha Metallurgical Resources by 6.1% during the 2nd quarter. Geode Capital Management LLC now owns 268,609 shares of the energy company’s stock worth $30,219,000 after acquiring an additional 15,525 shares during the last quarter. 84.29% of the stock is owned by hedge funds and other institutional investors.

About Alpha Metallurgical Resources

Alpha Metallurgical Resources, Inc, a mining company, produces, processes, and sells met and thermal coal in Virginia and West Virginia. The company offers metallurgical coal products. It operates twenty-two active mines and nine coal preparation and load-out facilities. The company was formerly known as Contura Energy, Inc and changed its name to Alpha Metallurgical Resources, Inc in February 2021.