Alpha Metallurgical Resources (NYSE:AMR) Sets New 12-Month Low – What’s Next?

Alpha Metallurgical Resources, Inc. (NYSE:AMR)’s stock price reached a new 52-week low during trading on Friday . The stock traded as low as $158.78 and last traded at $161.03, with a volume of 274844 shares trading hands. The stock had previously closed at $162.44.

Analyst Ratings Changes

Separately, Benchmark restated a “hold” rating on shares of Alpha Metallurgical Resources in a research note on Monday, November 4th.

Alpha Metallurgical Resources Stock Down 0.9 %

The business has a fifty day moving average price of $190.87 and a 200-day moving average price of $214.80. The company has a market cap of $2.10 billion, a P/E ratio of 5.91 and a beta of 1.43.

Insider Activity at Alpha Metallurgical Resources

In other news, Director Kenneth S. Courtis sold 10,621 shares of Alpha Metallurgical Resources stock in a transaction that occurred on Friday, December 13th. The shares were 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 directly owns 603,342 shares in the company, valued at approximately $138,002,415.66. The trade was a 1.73 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 15.00% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Alpha Metallurgical Resources

Hedge funds have recently added to or reduced their stakes in the stock. Harbor Capital Advisors Inc. bought a new stake in shares of Alpha Metallurgical Resources during the 3rd quarter valued at $36,000. New Age Alpha Advisors LLC bought a new stake in Alpha Metallurgical Resources during the fourth quarter worth about $40,000. FNY Investment Advisers LLC acquired a new stake in Alpha Metallurgical Resources during the fourth quarter worth about $50,000. PNC Financial Services Group Inc. increased its holdings in Alpha Metallurgical Resources by 127.6% in the 4th quarter. PNC Financial Services Group Inc. now owns 289 shares of the energy company’s stock valued at $58,000 after buying an additional 162 shares during the period. Finally, Public Employees Retirement System of Ohio acquired a new position in shares of Alpha Metallurgical Resources in the 4th quarter valued at approximately $60,000. Institutional investors own 84.29% of the company’s stock.

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.