Alpha Metallurgical Resources (NYSE:AMR) Trading Down 5.3% – Should You Sell?

Alpha Metallurgical Resources, Inc. (NYSE:AMR)’s share price was down 5.3% on Friday . The company traded as low as $174.25 and last traded at $174.70. Approximately 87,584 shares were traded during mid-day trading, a decline of 53% from the average daily volume of 185,589 shares. The stock had previously closed at $184.51.

Analyst Ratings Changes

Separately, Benchmark restated a “hold” rating on shares of Alpha Metallurgical Resources in a research note on Monday, November 4th.

Alpha Metallurgical Resources Stock Down 8.7 %

The stock has a 50 day simple moving average of $196.18 and a 200 day simple moving average of $217.50. The company has a market cap of $2.19 billion, a price-to-earnings ratio of 6.18 and a beta of 1.43.

Insiders Place Their Bets

In other news, Director Kenneth S. Courtis sold 10,621 shares of Alpha Metallurgical Resources stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $228.73, for a total transaction of $2,429,341.33. Following the sale, the director now directly owns 603,342 shares of the company’s stock, valued at approximately $138,002,415.66. The trade was a 1.73 % 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. 15.00% of the stock is currently owned by insiders.

Institutional Trading of Alpha Metallurgical Resources

Hedge funds and other institutional investors have recently modified their holdings of the business. Barclays PLC increased its position in shares of Alpha Metallurgical Resources by 309.2% during the third quarter. Barclays PLC now owns 18,646 shares of the energy company’s stock worth $4,402,000 after acquiring an additional 14,089 shares during the last quarter. Stratos Wealth Advisors LLC increased its position in shares of Alpha Metallurgical Resources by 50.3% during the third quarter. Stratos Wealth Advisors LLC now owns 9,878 shares of the energy company’s stock worth $2,333,000 after acquiring an additional 3,305 shares during the last quarter. Victory Capital Management Inc. increased its holdings in Alpha Metallurgical Resources by 22.4% in the third quarter. Victory Capital Management Inc. now owns 15,441 shares of the energy company’s stock valued at $3,647,000 after buying an additional 2,823 shares during the last quarter. Empowered Funds LLC increased its holdings in Alpha Metallurgical Resources by 69.7% in the fourth quarter. Empowered Funds LLC now owns 12,139 shares of the energy company’s stock valued at $2,429,000 after buying an additional 4,985 shares during the last quarter. Finally, Impala Asset Management LLC bought a new stake in Alpha Metallurgical Resources in the third quarter valued at about $1,181,000. 84.29% of the stock is owned by hedge funds and other institutional investors.

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.