Kenneth S. Courtis Sells 10,621 Shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR) Stock

Alpha Metallurgical Resources, Inc. (NYSE:AMR) Director Kenneth S. Courtis sold 10,621 shares of Alpha Metallurgical Resources stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $228.73, for a total value of $2,429,341.33. Following the completion of the sale, the director now owns 603,342 shares of the company’s stock, valued at approximately $138,002,415.66. The trade was a 1.73 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Alpha Metallurgical Resources Trading Down 1.6 %

NYSE:AMR opened at $208.31 on Thursday. Alpha Metallurgical Resources, Inc. has a 12 month low of $185.00 and a 12 month high of $452.00. The firm’s 50 day moving average is $227.54 and its 200 day moving average is $250.38. The stock has a market capitalization of $2.71 billion, a PE ratio of 7.64 and a beta of 1.46.

Alpha Metallurgical Resources (NYSE:AMR) last posted its earnings results on Friday, November 1st. The energy company reported $0.29 earnings per share for the quarter, missing the consensus estimate of $1.60 by ($1.31). The business had revenue of $671.90 million during the quarter, compared to analysts’ expectations of $672.95 million. Alpha Metallurgical Resources had a return on equity of 22.65% and a net margin of 11.08%. Alpha Metallurgical Resources’s revenue for the quarter was down 9.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $6.65 EPS. Research analysts predict that Alpha Metallurgical Resources, Inc. will post 16.87 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Creative Planning increased its stake in Alpha Metallurgical Resources by 2.9% in the second quarter. Creative Planning now owns 1,529 shares of the energy company’s stock valued at $429,000 after acquiring an additional 43 shares during the last quarter. SummerHaven Investment Management LLC raised its holdings in shares of Alpha Metallurgical Resources by 1.0% during the 2nd quarter. SummerHaven Investment Management LLC now owns 4,876 shares of the energy company’s stock valued at $1,368,000 after buying an additional 48 shares in the last quarter. GAMMA Investing LLC lifted its position in Alpha Metallurgical Resources by 124.6% in the 3rd quarter. GAMMA Investing LLC now owns 137 shares of the energy company’s stock worth $32,000 after buying an additional 76 shares during the last quarter. Meixler Investment Management Ltd. boosted its stake in Alpha Metallurgical Resources by 1.4% in the second quarter. Meixler Investment Management Ltd. now owns 5,596 shares of the energy company’s stock worth $1,570,000 after buying an additional 78 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC boosted its stake in Alpha Metallurgical Resources by 9.1% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 997 shares of the energy company’s stock worth $280,000 after buying an additional 83 shares in the last quarter. Institutional investors own 84.29% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on AMR shares. Benchmark reaffirmed a “hold” rating on shares of Alpha Metallurgical Resources in a research report on Monday, November 4th. B. Riley dropped their price objective on Alpha Metallurgical Resources from $374.00 to $336.00 and set a “buy” rating on the stock in a research note on Friday, September 6th.

Alpha Metallurgical Resources Company Profile

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.