Alpha Metallurgical Resources (NYSE:AMR) Director Kenneth Courtis Purchases 2,240 Shares of Stock

Alpha Metallurgical Resources, Inc. (NYSE:AMR) Director Kenneth Courtis acquired 2,240 shares of the stock in a transaction dated Wednesday, December 10th. The stock was bought at an average cost of $178.30 per share, with a total value of $399,392.00. Following the completion of the purchase, the director owned 772,777 shares of the company’s stock, valued at approximately $137,786,139.10. The trade was a 0.29% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Alpha Metallurgical Resources Stock Down 2.6%

AMR stock opened at $184.98 on Friday. The firm has a market capitalization of $2.38 billion, a PE ratio of -51.96 and a beta of 0.91. Alpha Metallurgical Resources, Inc. has a twelve month low of $97.41 and a twelve month high of $231.99. The stock’s 50 day moving average is $165.80 and its 200-day moving average is $143.80.

Alpha Metallurgical Resources (NYSE:AMR) last announced its quarterly earnings results on Thursday, November 6th. The energy company reported ($0.42) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.35) by ($0.07). Alpha Metallurgical Resources had a negative return on equity of 2.88% and a negative net margin of 2.09%.The company had revenue of $526.78 million for the quarter, compared to the consensus estimate of $543.77 million. During the same quarter last year, the company posted $0.29 EPS. The company’s quarterly revenue was down 21.6% compared to the same quarter last year. On average, equities research analysts anticipate that Alpha Metallurgical Resources, Inc. will post 14.31 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages have recently commented on AMR. Wall Street Zen upgraded shares of Alpha Metallurgical Resources from a “sell” rating to a “hold” rating in a report on Saturday, August 16th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Alpha Metallurgical Resources in a research report on Monday. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $160.50.

Institutional Investors Weigh In On Alpha Metallurgical Resources

A number of hedge funds have recently made changes to their positions in AMR. The Manufacturers Life Insurance Company boosted its holdings in shares of Alpha Metallurgical Resources by 1.2% during the second 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. GAMMA Investing LLC increased its holdings in Alpha Metallurgical Resources by 26.5% during the 3rd quarter. GAMMA Investing LLC now owns 391 shares of the energy company’s stock valued at $64,000 after purchasing an additional 82 shares during the period. Farther Finance Advisors LLC raised its position in Alpha Metallurgical Resources by 48.9% during the 3rd quarter. Farther Finance Advisors LLC now owns 265 shares of the energy company’s stock valued at $43,000 after purchasing an additional 87 shares during the last quarter. Illinois Municipal Retirement Fund raised its position in Alpha Metallurgical Resources by 1.6% during the 3rd quarter. Illinois Municipal Retirement Fund now owns 6,022 shares of the energy company’s stock valued at $988,000 after purchasing an additional 94 shares during the last quarter. Finally, Amalgamated Bank lifted its holdings in Alpha Metallurgical Resources by 3.5% in the 3rd quarter. Amalgamated Bank now owns 3,233 shares of the energy company’s stock worth $531,000 after buying an additional 108 shares during the period. 84.29% of the stock is currently owned by institutional investors.

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.