Insider Selling: Alpha Metallurgical Resources, Inc. (NYSE:AMR) Director Sells $2,429,341.33 in Stock

Alpha Metallurgical Resources, Inc. (NYSE:AMR) Director Kenneth S. Courtis sold 10,621 shares of Alpha Metallurgical Resources stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $228.73, for a total value of $2,429,341.33. Following the completion of the sale, the director now owns 603,342 shares of the company’s stock, valued at $138,002,415.66. The trade was a 1.73 % 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 link.

Alpha Metallurgical Resources Trading Down 1.7 %

AMR opened at $204.83 on Friday. The firm has a market cap of $2.67 billion, a price-to-earnings ratio of 7.52 and a beta of 1.46. Alpha Metallurgical Resources, Inc. has a 12 month low of $185.00 and a 12 month high of $452.00. The stock has a fifty day moving average price of $227.12 and a 200-day moving average price of $250.06.

Alpha Metallurgical Resources (NYSE:AMR) last announced its earnings results on Friday, November 1st. The energy company reported $0.29 EPS for the quarter, missing analysts’ consensus estimates of $1.60 by ($1.31). The firm had revenue of $671.90 million during the quarter, compared to the consensus estimate of $672.95 million. Alpha Metallurgical Resources had a return on equity of 22.65% and a net margin of 11.08%. The business’s revenue for the quarter was down 9.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $6.65 earnings per share. On average, equities research analysts forecast that Alpha Metallurgical Resources, Inc. will post 16.87 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of AMR. Stratos Wealth Advisors LLC boosted its stake in Alpha Metallurgical Resources by 50.3% in the third quarter. Stratos Wealth Advisors LLC now owns 9,878 shares of the energy company’s stock valued at $2,333,000 after acquiring an additional 3,305 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in shares of Alpha Metallurgical Resources by 22.4% during the 3rd quarter. Victory Capital Management Inc. now owns 15,441 shares of the energy company’s stock valued at $3,647,000 after purchasing an additional 2,823 shares during the last quarter. Impala Asset Management LLC acquired a new stake in shares of Alpha Metallurgical Resources in the 3rd quarter worth $1,181,000. Old West Investment Management LLC grew its stake in Alpha Metallurgical Resources by 177.2% during the 3rd quarter. Old West Investment Management LLC now owns 6,446 shares of the energy company’s stock worth $1,522,000 after buying an additional 4,121 shares during the last quarter. Finally, Wellington Management Group LLP increased its position in Alpha Metallurgical Resources by 26.5% during the 3rd quarter. Wellington Management Group LLP now owns 48,515 shares of the energy company’s stock valued at $11,458,000 after buying an additional 10,161 shares in the last quarter. Institutional investors own 84.29% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have commented on AMR shares. Benchmark reissued a “hold” rating on shares of Alpha Metallurgical Resources in a research report on Monday, November 4th. B. Riley cut their price objective on shares of Alpha Metallurgical Resources from $374.00 to $336.00 and set a “buy” rating on the stock in a report on Friday, September 6th.

Alpha Metallurgical Resources Company Profile

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.