Alpha Metallurgical Resources (NYSE:AMR) COO Jason Whitehead Sells 3,901 Shares of Stock

Alpha Metallurgical Resources, Inc. (NYSE:AMR) COO Jason Whitehead sold 3,901 shares of Alpha Metallurgical Resources stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $212.28, for a total transaction of $828,104.28. Following the transaction, the chief operating officer directly owned 10,450 shares of the company’s stock, valued at $2,218,326. The trade was a 27.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Alpha Metallurgical Resources Stock Up 1.6%

NYSE:AMR opened at $216.10 on Friday. Alpha Metallurgical Resources, Inc. has a twelve month low of $97.41 and a twelve month high of $253.82. The company has a market cap of $2.75 billion, a price-to-earnings ratio of -72.03 and a beta of 0.62. The stock has a fifty day simple moving average of $196.16 and a 200-day simple moving average of $195.14. 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 released its earnings results on Friday, May 8th. The energy company reported ($0.86) earnings per share for the quarter, hitting the consensus estimate of ($0.86). Alpha Metallurgical Resources had a negative return on equity of 2.47% and a negative net margin of 1.83%.The business had revenue of $447.32 million during the quarter, compared to the consensus estimate of $535.15 million. During the same period last year, the company earned ($2.60) earnings per share. The business’s revenue for the quarter was down 1.3% compared to the same quarter last year. 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 large investors have recently modified their holdings of the business. California State Teachers Retirement System grew its stake in shares of Alpha Metallurgical Resources by 23.0% during the first quarter. California State Teachers Retirement System now owns 13,237 shares of the energy company’s stock worth $2,717,000 after acquiring an additional 2,474 shares during the last quarter. Empowered Funds LLC grew its stake in shares of Alpha Metallurgical Resources by 79.4% during the first quarter. Empowered Funds LLC now owns 37,347 shares of the energy company’s stock worth $7,666,000 after acquiring an additional 16,525 shares during the last quarter. Quantinno Capital Management LP grew its stake in shares of Alpha Metallurgical Resources by 12.6% during the first quarter. Quantinno Capital Management LP now owns 1,280 shares of the energy company’s stock worth $263,000 after acquiring an additional 143 shares during the last quarter. Sei Investments Co. lifted its holdings in shares of Alpha Metallurgical Resources by 86.0% during the first quarter. Sei Investments Co. now owns 38,213 shares of the energy company’s stock worth $7,844,000 after purchasing an additional 17,673 shares during the period. Finally, State of Wyoming lifted its holdings in shares of Alpha Metallurgical Resources by 163.4% during the first quarter. State of Wyoming now owns 2,766 shares of the energy company’s stock worth $568,000 after purchasing an additional 1,716 shares during the period. Hedge funds and other institutional investors own 84.29% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently commented on AMR. B. Riley Financial raised their price target on Alpha Metallurgical Resources from $203.00 to $207.00 and gave the company a “neutral” rating in a research note on Thursday, March 5th. Benchmark reaffirmed a “hold” rating on shares of Alpha Metallurgical Resources in a research note on Monday, March 2nd. Zacks Research downgraded shares of Alpha Metallurgical Resources from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 5th. Atlantic Securities set a $194.00 target price on shares of Alpha Metallurgical Resources in a research report on Thursday, April 30th. Finally, Jefferies Financial Group reissued a “hold” rating and set a $185.00 target price on shares of Alpha Metallurgical Resources in a research report on Monday, March 2nd. Four analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Reduce” and a consensus 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.