Alpha Metallurgical Resources (NYSE:AMR) Director Buys $399,392.00 in Stock

by · The Cerbat Gem

Alpha Metallurgical Resources, Inc. (NYSE:AMR – Get Free Report) Director Kenneth Courtis acquired 2,240 shares of the business’s stock in a transaction that occurred on Wednesday, December 10th. The shares were acquired at an average cost of $178.30 per share, with a total value of $399,392.00. Following the completion of the transaction, the director directly owned 772,777 shares in the company, valued at approximately $137,786,139.10. The trade was a 0.29% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Alpha Metallurgical Resources Price Performance

Shares of NYSE:AMR traded down $4.96 during mid-day trading on Friday, reaching $184.98. 213,861 shares of the company were exchanged, compared to its average volume of 242,938. Alpha Metallurgical Resources, Inc. has a 1 year low of $97.41 and a 1 year high of $231.99. The firm’s 50-day simple moving average is $165.80 and its 200 day simple moving average is $143.80. The firm has a market cap of $2.38 billion, a price-to-earnings ratio of -51.96 and a beta of 0.91.

Alpha Metallurgical Resources (NYSE:AMR – Get Free Report) last posted its quarterly earnings data on Thursday, November 6th. The energy company reported ($0.42) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.35) by ($0.07). The firm had revenue of $526.78 million during the quarter, compared to analysts’ expectations of $543.77 million. Alpha Metallurgical Resources had a negative net margin of 2.09% and a negative return on equity of 2.88%. Alpha Metallurgical Resources’s quarterly revenue was down 21.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.29 EPS. On average, research analysts forecast that Alpha Metallurgical Resources, Inc. will post 14.31 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. The Manufacturers Life Insurance Company raised its stake in shares of Alpha Metallurgical Resources by 1.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 6,256 shares of the energy company’s stock worth $704,000 after buying an additional 76 shares during the last quarter. GAMMA Investing LLC increased its holdings in Alpha Metallurgical Resources by 26.5% during the 3rd quarter. GAMMA Investing LLC now owns 391 shares of the energy company’s stock valued at $64,000 after acquiring an additional 82 shares in the last quarter. Farther Finance Advisors LLC raised its position in Alpha Metallurgical Resources by 48.9% during the third quarter. Farther Finance Advisors LLC now owns 265 shares of the energy company’s stock worth $43,000 after acquiring an additional 87 shares during the last quarter. Illinois Municipal Retirement Fund lifted its holdings in shares of Alpha Metallurgical Resources by 1.6% in the third quarter. Illinois Municipal Retirement Fund now owns 6,022 shares of the energy company’s stock valued at $988,000 after purchasing an additional 94 shares in the last quarter. Finally, Amalgamated Bank grew its position in shares of Alpha Metallurgical Resources by 3.5% in the third quarter. Amalgamated Bank now owns 3,233 shares of the energy company’s stock valued at $531,000 after purchasing an additional 108 shares during the last quarter. Hedge funds and other institutional investors own 84.29% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. Wall Street Zen upgraded Alpha Metallurgical Resources from a “sell” rating to a “hold” rating in a research note on Saturday, August 16th. Weiss Ratings reissued a “sell (d)” rating on shares of Alpha Metallurgical Resources in a report on Monday. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Alpha Metallurgical Resources presently has an average rating of “Hold” and an average price target of $160.50.

Read Our Latest Analysis on Alpha Metallurgical Resources

Alpha Metallurgical Resources Company Profile

(Get Free Report)

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.

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