Jason Whitehead Sells 3,901 Shares of Alpha Metallurgical Resources (NYSE:AMR) Stock

Alpha Metallurgical Resources, Inc. (NYSE:AMR) COO Jason Whitehead sold 3,901 shares of the stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $212.28, for a total transaction of $828,104.28. Following the sale, the chief operating officer directly owned 10,450 shares of the company’s stock, valued at approximately $2,218,326. This trade represents a 27.18% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Alpha Metallurgical Resources Price Performance

AMR stock opened at $203.32 on Friday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.81 and a current ratio of 3.67. Alpha Metallurgical Resources, Inc. has a 1 year low of $97.41 and a 1 year high of $253.82. The firm has a market cap of $2.59 billion, a P/E ratio of -67.77 and a beta of 0.62. The stock has a 50-day simple moving average of $195.88 and a 200-day simple moving average of $195.20.

Alpha Metallurgical Resources (NYSE:AMR) last posted its earnings results on Friday, May 8th. The energy company reported ($0.86) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.86). Alpha Metallurgical Resources had a negative return on equity of 2.47% and a negative net margin of 1.83%.The business had revenue of $447.32 million during the quarter, compared to analyst estimates of $535.15 million. During the same quarter last year, the firm earned ($2.60) earnings per share. The company’s revenue for the quarter was down 1.3% compared to the same quarter last year. On average, equities analysts predict that Alpha Metallurgical Resources, Inc. will post 11.98 earnings per share for the current fiscal year.

Analyst Ratings Changes

AMR has been the subject of a number of recent research reports. Zacks Research lowered Alpha Metallurgical Resources from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 5th. Weiss Ratings reiterated a “sell (d)” rating on shares of Alpha Metallurgical Resources in a research note on Friday, March 27th. B. Riley Financial increased their target price on Alpha Metallurgical Resources from $203.00 to $207.00 and gave the company a “neutral” rating in a research note on Thursday, March 5th. Benchmark reissued a “hold” rating on shares of Alpha Metallurgical Resources in a report on Monday, March 2nd. Finally, Jefferies Financial Group reissued a “hold” rating and issued a $185.00 price target on shares of Alpha Metallurgical Resources in a report on Monday, March 2nd. Four research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Reduce” and an average price target of $195.33.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Royal Bank of Canada raised its position in shares of Alpha Metallurgical Resources by 55.0% during the 1st quarter. Royal Bank of Canada now owns 2,029 shares of the energy company’s stock worth $254,000 after purchasing an additional 720 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Alpha Metallurgical Resources by 4.7% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,548 shares of the energy company’s stock valued at $820,000 after purchasing an additional 295 shares during the period. Millennium Management LLC increased its position in shares of Alpha Metallurgical Resources by 208.0% during the 1st quarter. Millennium Management LLC now owns 106,107 shares of the energy company’s stock valued at $13,290,000 after purchasing an additional 71,653 shares during the period. Intech Investment Management LLC boosted its stake in shares of Alpha Metallurgical Resources by 48.3% during the 1st quarter. Intech Investment Management LLC now owns 13,149 shares of the energy company’s stock worth $1,647,000 after acquiring an additional 4,281 shares in the last quarter. Finally, Creative Planning boosted its stake in shares of Alpha Metallurgical Resources by 14.5% during the 2nd quarter. Creative Planning now owns 3,465 shares of the energy company’s stock worth $390,000 after acquiring an additional 438 shares in the last quarter. Hedge funds and other 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.