Key Points
- Director Kenneth Courtis bought 12,760 shares at an average price of $181.85 on Dec. 11 for a total of $2,320,406, increasing his stake to 785,537 shares (a 1.65% rise) — the transaction was disclosed in an SEC filing.
- Recent results and price action: the company missed estimates with ($0.42) EPS vs. ($0.35) expected and reported revenue of $526.8M (down 21.6% YoY), and the stock opened at $184.98 and was trading about 2.6% lower.
- Market context: institutional investors own 84.29% of the stock and analysts have an average rating of "Hold" with a consensus price target of $160.50.
Alpha Metallurgical Resources, Inc. (NYSE:AMR - Get Free Report) Director Kenneth Courtis bought 2,240 shares of the stock in a transaction dated Wednesday, December 10th. The stock was purchased at an average price of $178.30 per share, with a total value of $399,392.00. Following the purchase, the director owned 772,777 shares in the company, valued at $137,786,139.10. This trade represents a 0.29% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Alpha Metallurgical Resources Stock Down 2.6%
Shares of AMR stock opened at $184.98 on Friday. The business's fifty day moving average is $165.80 and its 200 day moving average is $143.80. The stock has a market cap of $2.38 billion, a price-to-earnings ratio of -51.96 and a beta of 0.91. Alpha Metallurgical Resources, Inc. has a twelve month low of $97.41 and a twelve month high of $231.99.
Alpha Metallurgical Resources (NYSE:AMR - Get Free Report) last announced 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). Alpha Metallurgical Resources had a negative net margin of 2.09% and a negative return on equity of 2.88%. The firm had revenue of $526.78 million for the quarter, compared to analysts' expectations of $543.77 million. During the same period in the prior year, the business posted $0.29 EPS. The business's quarterly revenue was down 21.6% compared to the same quarter last year. Equities research analysts expect that Alpha Metallurgical Resources, Inc. will post 14.31 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Alpha Metallurgical Resources
Several large investors have recently modified their holdings of the stock. The Manufacturers Life Insurance Company increased its stake in Alpha Metallurgical Resources by 1.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 6,256 shares of the energy company's stock valued at $704,000 after purchasing an additional 76 shares in the last quarter. GAMMA Investing LLC lifted its stake in shares of Alpha Metallurgical Resources by 26.5% in the third quarter. GAMMA Investing LLC now owns 391 shares of the energy company's stock worth $64,000 after buying an additional 82 shares in the last quarter. Farther Finance Advisors LLC grew its holdings in shares of Alpha Metallurgical Resources by 48.9% during the third quarter. Farther Finance Advisors LLC now owns 265 shares of the energy company's stock valued at $43,000 after buying an additional 87 shares during the last quarter. Illinois Municipal Retirement Fund increased its position in shares of Alpha Metallurgical Resources by 1.6% during the third quarter. Illinois Municipal Retirement Fund now owns 6,022 shares of the energy company's stock valued at $988,000 after acquiring an additional 94 shares in the last quarter. Finally, Amalgamated Bank increased its position in shares of Alpha Metallurgical Resources by 3.5% during the third quarter. Amalgamated Bank now owns 3,233 shares of the energy company's stock valued at $531,000 after acquiring an additional 108 shares in the last quarter. Hedge funds and other institutional investors own 84.29% of the company's stock.
Analysts Set New Price Targets
Several research firms recently commented on AMR. Weiss Ratings reissued a "sell (d)" rating on shares of Alpha Metallurgical Resources in a research note on Monday. Wall Street Zen upgraded shares of 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, Alpha Metallurgical Resources has a consensus rating of "Hold" and an average target price of $160.50.
Check Out Our Latest Report on AMR
About Alpha Metallurgical Resources
(
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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