Alpha Metallurgical Resources (NYSE:AMR) Director Kenneth Courtis Purchases 15,000 Shares of Stock

Alpha Metallurgical Resources, Inc. (NYSE:AMR) Director Kenneth Courtis acquired 15,000 shares of the firm’s stock in a transaction dated Tuesday, May 12th. The stock was purchased at an average cost of $189.22 per share, with a total value of $2,838,300.00. Following the completion of the acquisition, the director directly owned 975,394 shares of the company’s stock, valued at approximately $184,564,052.68. This trade represents a 1.56% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Alpha Metallurgical Resources Price Performance

AMR stock opened at $179.72 on Friday. The company has a market capitalization of $2.29 billion, a P/E ratio of -59.91 and a beta of 0.60. Alpha Metallurgical Resources, Inc. has a twelve month low of $97.41 and a twelve month high of $253.82. The business has a 50 day simple moving average of $194.58 and a 200-day simple moving average of $192.31. The company has a current ratio of 3.67, a quick ratio of 2.81 and a debt-to-equity ratio of 0.01.

Alpha Metallurgical Resources (NYSE:AMR) last posted its quarterly earnings data on Friday, May 8th. The energy company reported ($0.86) earnings per share for the quarter, meeting the consensus estimate of ($0.86). The business had revenue of $447.32 million during the quarter, compared to the consensus estimate of $535.15 million. Alpha Metallurgical Resources had a negative return on equity of 2.47% and a negative net margin of 1.83%.The company’s revenue was down 1.3% compared to the same quarter last year. During the same period in the prior year, the company earned ($2.60) earnings per share. As a group, equities analysts anticipate that Alpha Metallurgical Resources, Inc. will post 11.98 EPS for the current year.

Institutional Investors Weigh In On Alpha Metallurgical Resources

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. First Citizens Bank & Trust Co. lifted its holdings in Alpha Metallurgical Resources by 1.8% in the fourth quarter. First Citizens Bank & Trust Co. now owns 4,058 shares of the energy company’s stock valued at $811,000 after acquiring an additional 72 shares during the period. ProShare Advisors LLC lifted its holdings in Alpha Metallurgical Resources by 3.3% in the fourth quarter. ProShare Advisors LLC now owns 2,266 shares of the energy company’s stock valued at $453,000 after acquiring an additional 73 shares during the period. Mainstay Capital Management LLC ADV lifted its holdings in Alpha Metallurgical Resources by 5.9% in the fourth quarter. Mainstay Capital Management LLC ADV now owns 1,326 shares of the energy company’s stock valued at $265,000 after acquiring an additional 74 shares during the period. The Manufacturers Life Insurance Company lifted its holdings in Alpha Metallurgical Resources by 1.2% in the second quarter. The Manufacturers Life Insurance Company now owns 6,256 shares of the energy company’s stock valued at $704,000 after acquiring an additional 76 shares during the period. Finally, Envestnet Portfolio Solutions Inc. lifted its holdings in Alpha Metallurgical Resources by 2.0% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 3,907 shares of the energy company’s stock valued at $781,000 after acquiring an additional 78 shares during the period. Institutional investors and hedge funds own 84.29% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on AMR shares. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Alpha Metallurgical Resources in a report on Friday, March 27th. Atlantic Securities set a $194.00 price target on Alpha Metallurgical Resources in a report on Thursday, April 30th. Zacks Research downgraded Alpha Metallurgical Resources from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 5th. Benchmark reaffirmed a “hold” rating on shares of Alpha Metallurgical Resources in a report on Monday, March 2nd. Finally, Jefferies Financial Group reaffirmed a “hold” rating and set a $185.00 price target on shares of Alpha Metallurgical Resources in a report on Monday, March 2nd. Four equities research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Alpha Metallurgical Resources currently has a consensus rating of “Reduce” and an average target price of $195.33.

About Alpha Metallurgical Resources

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.