Key Points
- Director Kenneth Courtis bought 36,000 shares on December 8 at an average price of $175.26, a $6.31 million purchase that raised his direct stake to 770,537 shares (a 4.90% increase) valued at about $135.0 million.
- Alpha's recent results were weak: the company missed quarterly EPS and revenue expectations, reported a negative net margin and ROE, and saw revenue decline 21.6% year-over-year, while the stock trades around $179 with a market cap of ~$2.3 billion.
- Investor sentiment is mixed: institutional investors hold about 84.3% of the stock, and analysts' ratings average to a "Hold" with an average target price of $160.50.
Alpha Metallurgical Resources, Inc. (NYSE:AMR - Get Free Report) Director Kenneth Courtis acquired 36,000 shares of the business's stock in a transaction that occurred on Monday, December 8th. The shares were purchased at an average cost of $175.26 per share, for a total transaction of $6,309,360.00. Following the completion of the transaction, the director directly owned 770,537 shares in the company, valued at $135,044,314.62. The trade was a 4.90% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
Alpha Metallurgical Resources Stock Up 0.0%
Shares of NYSE AMR opened at $178.92 on Thursday. Alpha Metallurgical Resources, Inc. has a twelve month low of $97.41 and a twelve month high of $237.84. The company has a 50 day moving average of $165.03 and a 200 day moving average of $143.00. The firm has a market cap of $2.30 billion, a P/E ratio of -50.26 and a beta of 0.91.
Alpha Metallurgical Resources (NYSE:AMR - Get Free Report) last released its quarterly earnings data on Thursday, November 6th. The energy company reported ($0.42) EPS for the quarter, missing the consensus estimate of ($0.35) by ($0.07). The business had revenue of $526.78 million for the quarter, compared to analysts' expectations of $543.77 million. Alpha Metallurgical Resources had a negative net margin of 2.09% and a negative return on equity of 2.88%. The company's quarterly revenue was down 21.6% on a year-over-year basis. During the same period last year, the business earned $0.29 earnings per share. As a group, equities analysts expect that Alpha Metallurgical Resources, Inc. will post 14.31 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Several institutional investors have recently made changes to their positions in the stock. Quadrature Capital Ltd bought a new stake in Alpha Metallurgical Resources during the second quarter valued at about $958,000. AQR Capital Management LLC grew its position in shares of Alpha Metallurgical Resources by 267.9% during the first quarter. AQR Capital Management LLC now owns 42,161 shares of the energy company's stock worth $5,281,000 after purchasing an additional 30,700 shares in the last quarter. LPL Financial LLC bought a new stake in Alpha Metallurgical Resources during the 1st quarter valued at approximately $1,618,000. Caxton Associates LLP purchased a new position in Alpha Metallurgical Resources in the 1st quarter worth approximately $450,000. Finally, AlphaQuest LLC bought a new position in Alpha Metallurgical Resources in the 1st quarter worth approximately $566,000. Institutional investors own 84.29% of the company's stock.
Wall Street Analyst Weigh In
AMR has been the topic of several research reports. Weiss Ratings restated a "sell (d)" rating on shares of Alpha Metallurgical Resources in a report on Monday. Wall Street Zen raised Alpha Metallurgical Resources from a "sell" rating to a "hold" rating in a report on Saturday, August 16th. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $160.50.
Read Our Latest Research Report on Alpha Metallurgical Resources
Alpha Metallurgical Resources Company Profile
(
Get Free Report)
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.
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