Alpha Metallurgical Resources (NYSE:AMR) Director Michael Gorzynski Acquires 38,576 Shares of Stock

Alpha Metallurgical Resources, Inc. (NYSE:AMR) Director Michael Gorzynski purchased 38,576 shares of the company’s stock in a transaction that occurred on Monday, December 15th. The stock was bought at an average cost of $188.50 per share, with a total value of $7,271,576.00. Following the purchase, the director owned 644,025 shares of the company’s stock, valued at $121,398,712.50. This represents a 6.37% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Alpha Metallurgical Resources Trading Up 6.5%

Shares of NYSE AMR opened at $198.75 on Thursday. The stock has a 50-day moving average price of $167.23 and a two-hundred day moving average price of $145.59. Alpha Metallurgical Resources, Inc. has a 12 month low of $97.41 and a 12 month high of $217.25. The company has a market cap of $2.56 billion, a price-to-earnings ratio of -55.83 and a beta of 0.91.

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

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Alpha Metallurgical Resources in a research note on Monday. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Alpha Metallurgical Resources has a consensus rating of “Hold” and a consensus price target of $160.50.

Institutional Investors Weigh In On Alpha Metallurgical Resources

Hedge funds and other institutional investors have recently made changes to their positions in the business. Financial Management Professionals Inc. bought a new position in shares of Alpha Metallurgical Resources in the third quarter valued at approximately $25,000. Hantz Financial Services Inc. increased its holdings 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 worth $39,000 after acquiring an additional 188 shares during the period. CWM LLC increased its stake in Alpha Metallurgical Resources by 146.0% in the 3rd quarter. CWM LLC now owns 246 shares of the energy company’s stock worth $40,000 after acquiring an additional 146 shares during the last quarter. Farther Finance Advisors LLC increased its position in shares of Alpha Metallurgical Resources by 48.9% in the third quarter. Farther Finance Advisors LLC now owns 265 shares of the energy company’s stock worth $43,000 after purchasing an additional 87 shares during the last quarter. Finally, Summit Securities Group LLC purchased a new stake in Alpha Metallurgical Resources during the first quarter valued at about $38,000. 84.29% of the stock is owned by 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.