Key Points
- Alpha Metallurgical Resources COO Jason Whitehead sold 3,901 shares on June 3 at an average price of $212.28, totaling about $828,104.
- After the transaction, Whitehead still owned 10,450 shares valued at roughly $2.22 million, representing a 27.18% decrease in his position.
- The stock was trading up 1.6% at $216.10, while analysts currently hold a Reduce consensus rating with an average price target of $195.33.
Alpha Metallurgical Resources, Inc. (NYSE:AMR - Get Free Report) COO Jason Whitehead sold 3,901 shares of Alpha Metallurgical Resources stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $212.28, for a total value of $828,104.28. Following the sale, the chief operating officer directly owned 10,450 shares of the company's stock, valued at $2,218,326. This trade represents a 27.18% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Alpha Metallurgical Resources Trading Up 1.6%
Alpha Metallurgical Resources stock opened at $216.10 on Friday. The company has a quick ratio of 2.81, a current ratio of 3.67 and a debt-to-equity ratio of 0.01. Alpha Metallurgical Resources, Inc. has a 52 week low of $97.41 and a 52 week high of $253.82. The company has a market capitalization of $2.75 billion, a price-to-earnings ratio of -72.03 and a beta of 0.62. The stock has a 50-day moving average price of $196.16 and a 200 day moving average price of $195.14.
Alpha Metallurgical Resources (NYSE:AMR - Get Free Report) last released its earnings results on Friday, May 8th. The energy company reported ($0.86) EPS for the quarter, hitting analysts' consensus estimates of ($0.86). Alpha Metallurgical Resources had a negative return on equity of 2.47% and a negative net margin of 1.83%.The firm had revenue of $447.32 million during the quarter, compared to the consensus estimate of $535.15 million. During the same quarter in the previous year, the company posted ($2.60) earnings per share. The company's revenue was down 1.3% compared to the same quarter last year. Sell-side analysts anticipate that Alpha Metallurgical Resources, Inc. will post 11.98 EPS for the current year.
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in the company. State Street Corp raised its stake in Alpha Metallurgical Resources by 27.2% in the 2nd 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 during the last quarter. Dimensional Fund Advisors LP raised its stake in Alpha Metallurgical Resources by 5.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 721,872 shares of the energy company's stock valued at $148,192,000 after purchasing an additional 38,300 shares during the last quarter. Continental General Insurance Co. raised its stake in Alpha Metallurgical Resources by 6.4% in the 4th quarter. Continental General Insurance Co. now owns 644,025 shares of the energy company's stock valued at $128,728,000 after purchasing an additional 38,576 shares during the last quarter. Dalal Street LLC raised its stake in Alpha Metallurgical Resources by 2.1% in the 4th quarter. Dalal Street LLC now owns 543,000 shares of the energy company's stock valued at $108,535,000 after purchasing an additional 11,000 shares during the last quarter. Finally, Gendell Jeffrey L raised its stake in Alpha Metallurgical Resources by 4.0% in the 4th quarter. Gendell Jeffrey L now owns 494,072 shares of the energy company's stock valued at $98,755,000 after purchasing an additional 19,033 shares during the last quarter. 84.29% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of brokerages have issued reports on AMR. Zacks Research downgraded Alpha Metallurgical Resources from a "hold" rating to a "strong sell" rating in a report on Tuesday, May 5th. Jefferies Financial Group reissued a "hold" rating and issued a $185.00 price target on shares of Alpha Metallurgical Resources in a report on Monday, March 2nd. Benchmark reissued a "hold" rating on shares of Alpha Metallurgical Resources in a report on Monday, March 2nd. Atlantic Securities set a $194.00 price target on Alpha Metallurgical Resources in a report on Thursday, April 30th. Finally, B. Riley Financial boosted their price target on Alpha Metallurgical Resources from $203.00 to $207.00 and gave the company a "neutral" rating in a report on Thursday, March 5th. Four equities research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Reduce" and an average price target of $195.33.
Get Our Latest Stock Analysis on Alpha Metallurgical Resources
Alpha Metallurgical Resources Company Profile
(
Get Free Report)
Alpha Metallurgical Resources, Inc (NYSE: AMR) is a leading pure-play producer of high-grade metallurgical coal, primarily serving the global steelmaking industry. Headquartered in Bristol, Virginia, the company operates multiple underground and surface mining complexes across the central Appalachian and Illinois basins. Its production portfolio focuses on premium raw and semi-soft coking coal products tailored to meet the specifications of steel producers worldwide.
Formed in July 2021 through the spin-out of Contura Energy's metallurgical coal business, Alpha Metallurgical Resources has built a reputation for operational excellence and cost-efficient mining.
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