Alpha Metallurgical Resources, Inc. (NYSE:AMR – Get Free Report) Director Kenneth Courtis acquired 5,000 shares of the stock in a transaction that occurred on Friday, August 28th. The shares were bought at an average cost of $228.99 per share, with a total value of $1,144,950.00. Following the transaction, the director directly owned 1,025,394 shares in the company, valued at $234,804,972.06. This trade represents a 0.49% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link.
Alpha Metallurgical Resources Trading Up 4.2%
NYSE AMR traded up $9.61 on Monday, reaching $235.84. The stock had a trading volume of 417,847 shares, compared to its average volume of 287,487. The company has a quick ratio of 2.37, a current ratio of 3.41 and a debt-to-equity ratio of 0.01. The stock has a fifty day moving average price of $162.65 and a two-hundred day moving average price of $181.34. Alpha Metallurgical Resources, Inc. has a 12-month low of $133.64 and a 12-month high of $253.82. The firm has a market capitalization of $2.99 billion, a price-to-earnings ratio of -65.88 and a beta of 0.65.
Alpha Metallurgical Resources (NYSE:AMR – Get Free Report) last released its quarterly earnings results on Friday, August 7th. The energy company reported ($0.96) EPS for the quarter, topping the consensus estimate of ($0.97) by $0.01. The business had revenue of $421.29 million during the quarter, compared to analyst estimates of $521.61 million. Alpha Metallurgical Resources had a negative return on equity of 2.99% and a negative net margin of 2.23%.The company’s quarterly revenue was down 10.4% on a year-over-year basis. During the same period last year, the business posted ($0.38) earnings per share. As a group, sell-side analysts forecast that Alpha Metallurgical Resources, Inc. will post -2.4 EPS for the current fiscal year.
Analyst Ratings Changes
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Institutional Investors Weigh In On Alpha Metallurgical Resources
Large investors have recently modified their holdings of the company. First Citizens Bank & Trust Co. grew its position in shares of Alpha Metallurgical Resources by 1.8% during the fourth quarter. First Citizens Bank & Trust Co. now owns 4,058 shares of the energy company’s stock worth $811,000 after acquiring an additional 72 shares during the last quarter. ProShare Advisors LLC raised its position in Alpha Metallurgical Resources by 3.3% in the 4th quarter. ProShare Advisors LLC now owns 2,266 shares of the energy company’s stock valued at $453,000 after purchasing an additional 73 shares during the last quarter. The Manufacturers Life Insurance Company boosted 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 worth $704,000 after purchasing an additional 76 shares during the period. Envestnet Portfolio Solutions Inc. grew its position in Alpha Metallurgical Resources by 2.0% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 3,907 shares of the energy company’s stock worth $781,000 after purchasing an additional 78 shares during the last quarter. Finally, Virtus Advisers LLC increased its stake in Alpha Metallurgical Resources by 2.8% in the fourth quarter. Virtus Advisers LLC now owns 3,443 shares of the energy company’s stock valued at $688,000 after purchasing an additional 93 shares during the period. 84.29% of the stock is owned by hedge funds and other institutional investors.
Alpha Metallurgical Resources Company Profile
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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