Alpha Metallurgical Resources (NYSE:AMR) Sets New 52-Week Low – Time to Sell?

Alpha Metallurgical Resources, Inc. (NYSE:AMR)’s stock price hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $100.00 and last traded at $101.86, with a volume of 25151 shares traded. The stock had previously closed at $108.52.

Alpha Metallurgical Resources Stock Performance

The company has a fifty day simple moving average of $150.41 and a 200 day simple moving average of $194.14. The stock has a market capitalization of $1.41 billion, a price-to-earnings ratio of 3.97 and a beta of 1.08.

Alpha Metallurgical Resources (NYSE:AMR) last posted its quarterly earnings data on Friday, February 28th. The energy company reported ($0.16) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.09). The company had revenue of $617.30 million during the quarter, compared to analyst estimates of $658.20 million. Alpha Metallurgical Resources had a return on equity of 22.65% and a net margin of 11.08%. Alpha Metallurgical Resources’s revenue was down 35.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $12.88 earnings per share. As a group, equities analysts predict that Alpha Metallurgical Resources, Inc. will post 14.31 earnings per share for the current fiscal year.

Institutional Trading of Alpha Metallurgical Resources

Several large investors have recently made changes to their positions in AMR. AdvisorNet Financial Inc grew its holdings in shares of Alpha Metallurgical Resources by 214.3% during the first quarter. AdvisorNet Financial Inc now owns 220 shares of the energy company’s stock valued at $28,000 after buying an additional 150 shares during the last quarter. New Age Alpha Advisors LLC bought a new position in Alpha Metallurgical Resources in the 4th quarter valued at about $40,000. FNY Investment Advisers LLC acquired a new position in Alpha Metallurgical Resources during the 4th quarter valued at about $50,000. PNC Financial Services Group Inc. increased its holdings in Alpha Metallurgical Resources by 127.6% during the 4th quarter. PNC Financial Services Group Inc. now owns 289 shares of the energy company’s stock worth $58,000 after purchasing an additional 162 shares in the last quarter. Finally, Public Employees Retirement System of Ohio purchased a new stake in shares of Alpha Metallurgical Resources in the fourth quarter worth approximately $60,000. 84.29% of the stock is currently owned by institutional investors and hedge funds.

About Alpha Metallurgical Resources

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.