Alpha Metallurgical Resources (NYSE:AMR) Reaches New 1-Year Low – Here’s Why

Alpha Metallurgical Resources, Inc. (NYSE:AMR)’s share price reached a new 52-week low on Thursday . The company traded as low as $146.85 and last traded at $148.95, with a volume of 335476 shares traded. The stock had previously closed at $150.78.

Analysts Set New Price Targets

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 1.2 %

The firm has a market cap of $1.94 billion, a P/E ratio of 5.47 and a beta of 1.43. The stock’s 50-day moving average is $185.73 and its 200-day moving average is $211.69.

Insider Transactions at Alpha Metallurgical Resources

In related news, Director Kenneth S. Courtis sold 10,621 shares of the company’s stock in a transaction on Friday, December 13th. The stock was sold at an average price of $228.73, for a total value of $2,429,341.33. Following the completion of the transaction, the director now directly owns 603,342 shares in the company, valued at approximately $138,002,415.66. This represents a 1.73 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 16.40% of the company’s stock.

Institutional Investors Weigh In On Alpha Metallurgical Resources

Institutional investors have recently bought and sold shares of the business. Harbor Capital Advisors Inc. bought a new position in shares of Alpha Metallurgical Resources during the 3rd quarter worth about $36,000. New Age Alpha Advisors LLC bought a new position in Alpha Metallurgical Resources during the fourth quarter worth about $40,000. FNY Investment Advisers LLC acquired a new stake in Alpha Metallurgical Resources in the 4th quarter valued at about $50,000. PNC Financial Services Group Inc. lifted its position in shares of Alpha Metallurgical Resources by 127.6% during the fourth quarter. PNC Financial Services Group Inc. now owns 289 shares of the energy company’s stock worth $58,000 after purchasing an additional 162 shares in the last quarter. Finally, Public Employees Retirement System of Ohio acquired a new position in shares of Alpha Metallurgical Resources during the fourth quarter worth approximately $60,000. Institutional investors and hedge funds own 84.29% of the company’s stock.

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.