Key Points
- Insider Daniel Horn sold 8,125 shares on December 11 at an average price of $188.32 for a total of $1,530,100, cutting his position by 61.96% to 4,989 shares worth about $939,528.
- Alpha reported quarterly EPS of ($0.42) (missed estimates) and revenue of $526.78M (also a miss), with a negative net margin and a 21.6% year‑over‑year revenue decline.
- The stock trades between a 52‑week low of $97.41 and high of $229.00, has a market cap of $2.46B, and carries an average analyst rating of "Hold" with a consensus price target of $160.50 while Weiss Ratings reiterated a "sell."
Alpha Metallurgical Resources, Inc. (NYSE:AMR - Get Free Report) insider Daniel Horn sold 8,125 shares of the business's stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $188.32, for a total value of $1,530,100.00. Following the completion of the sale, the insider owned 4,989 shares of the company's stock, valued at $939,528.48. The trade was a 61.96% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Alpha Metallurgical Resources Stock Performance
Shares of Alpha Metallurgical Resources stock opened at $191.29 on Tuesday. Alpha Metallurgical Resources, Inc. has a 52-week low of $97.41 and a 52-week high of $229.00. The company's 50 day moving average price is $166.22 and its 200-day moving average price is $144.70. The stock has a market capitalization of $2.46 billion, a price-to-earnings ratio of -53.73 and a beta of 0.91.
Alpha Metallurgical Resources (NYSE:AMR - Get Free Report) last posted its quarterly earnings results on Thursday, November 6th. The energy company reported ($0.42) EPS for the quarter, missing analysts' consensus estimates of ($0.35) by ($0.07). The firm had revenue of $526.78 million for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.29 earnings per share. As a group, equities research analysts forecast that Alpha Metallurgical Resources, Inc. will post 14.31 earnings per share for the current fiscal year.
Institutional Trading of Alpha Metallurgical Resources
A number of institutional investors and hedge funds have recently modified their holdings of AMR. State Street Corp lifted its holdings in shares of Alpha Metallurgical Resources by 27.2% during the second quarter. State Street Corp now owns 865,934 shares of the energy company's stock valued at $97,400,000 after purchasing an additional 185,281 shares in the last quarter. Contrarius Group Holdings Ltd purchased a new position in Alpha Metallurgical Resources in the 3rd quarter worth about $12,146,000. Dalal Street LLC lifted its stake in Alpha Metallurgical Resources by 15.6% during the 3rd quarter. Dalal Street LLC now owns 532,000 shares of the energy company's stock valued at $87,296,000 after acquiring an additional 71,673 shares during the period. Millennium Management LLC boosted its holdings in shares of Alpha Metallurgical Resources by 208.0% during the 1st quarter. Millennium Management LLC now owns 106,107 shares of the energy company's stock valued at $13,290,000 after acquiring an additional 71,653 shares during the last quarter. Finally, Gendell Jeffrey L grew its stake in shares of Alpha Metallurgical Resources by 30.9% in the second quarter. Gendell Jeffrey L now owns 296,396 shares of the energy company's stock worth $33,339,000 after acquiring an additional 69,950 shares during the period. Institutional investors own 84.29% of the company's stock.
Wall Street Analyst Weigh In
Separately, Weiss Ratings reiterated a "sell (d)" rating on shares of Alpha Metallurgical Resources in a report on Monday, December 8th. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $160.50.
Read Our Latest Report on AMR
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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