Alpha Metallurgical Resources, Inc. (NYSE:AMR) Director Kenneth S. Courtis Sells 10,621 Shares

Alpha Metallurgical Resources, Inc. (NYSE:AMR) Director Kenneth S. Courtis sold 10,621 shares of Alpha Metallurgical Resources stock in a transaction that occurred 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Alpha Metallurgical Resources Price Performance

NYSE AMR opened at $211.41 on Wednesday. The stock has a market capitalization of $2.75 billion, a P/E ratio of 7.76 and a beta of 1.46. The business has a 50 day simple moving average of $227.78 and a 200 day simple moving average of $250.67. Alpha Metallurgical Resources, Inc. has a one year low of $185.00 and a one year high of $452.00.

Alpha Metallurgical Resources (NYSE:AMR) last posted its quarterly earnings results on Friday, November 1st. The energy company reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.60 by ($1.31). The business had revenue of $671.90 million for the quarter, compared to the consensus estimate of $672.95 million. Alpha Metallurgical Resources had a return on equity of 22.65% and a net margin of 11.08%. Alpha Metallurgical Resources’s quarterly revenue was down 9.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $6.65 earnings per share. Equities analysts expect that Alpha Metallurgical Resources, Inc. will post 16.87 earnings per share for the current year.

Analyst Upgrades and Downgrades

AMR has been the topic of a number of recent analyst reports. B. Riley dropped their price target on shares of Alpha Metallurgical Resources from $374.00 to $336.00 and set a “buy” rating on the stock in a research report on Friday, September 6th. Benchmark restated a “hold” rating on shares of Alpha Metallurgical Resources in a report on Monday, November 4th.

Institutional Investors Weigh In On Alpha Metallurgical Resources

Large investors have recently bought and sold shares of the stock. Federated Hermes Inc. acquired a new position in shares of Alpha Metallurgical Resources during the second quarter valued at about $25,000. GAMMA Investing LLC increased its position in Alpha Metallurgical Resources by 124.6% in the 3rd quarter. GAMMA Investing LLC now owns 137 shares of the energy company’s stock valued at $32,000 after buying an additional 76 shares in the last quarter. Harbor Capital Advisors Inc. acquired a new position in Alpha Metallurgical Resources during the 3rd quarter worth approximately $36,000. Sound Income Strategies LLC bought a new position in Alpha Metallurgical Resources in the third quarter worth approximately $40,000. Finally, Quest Partners LLC acquired a new stake in Alpha Metallurgical Resources in the third quarter valued at approximately $116,000. 84.29% of the stock is currently owned by institutional investors and hedge funds.

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.