Mark Matthew Manno Sells 460 Shares of Alpha Metallurgical Resources (NYSE:AMR) Stock

Alpha Metallurgical Resources, Inc. (NYSE:AMR) EVP Mark Matthew Manno sold 460 shares of the firm’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of $214.64, for a total transaction of $98,734.40. Following the sale, the executive vice president directly owned 3,966 shares of the company’s stock, valued at approximately $851,262.24. The trade was a 10.39% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Alpha Metallurgical Resources Stock Up 0.4%

AMR traded up $0.97 during trading hours on Tuesday, reaching $216.68. 332,695 shares of the stock traded hands, compared to its average volume of 267,815. The firm’s fifty day simple moving average is $195.51 and its two-hundred day simple moving average is $194.03. The company has a market cap of $2.76 billion, a price-to-earnings ratio of -71.97 and a beta of 0.60. Alpha Metallurgical Resources, Inc. has a fifty-two week low of $97.41 and a fifty-two week high of $253.82. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.67 and a quick ratio of 2.81.

Alpha Metallurgical Resources (NYSE:AMR) last released its quarterly earnings results on Friday, May 8th. The energy company reported ($0.86) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.86). The business had revenue of $447.32 million during the quarter, compared to analyst estimates of $535.15 million. Alpha Metallurgical Resources had a negative net margin of 1.83% and a negative return on equity of 2.47%. The business’s revenue was down 1.3% on a year-over-year basis. During the same period last year, the business earned ($2.60) EPS. As a group, analysts forecast that Alpha Metallurgical Resources, Inc. will post 11.98 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. State Street Corp grew its holdings in Alpha Metallurgical Resources by 27.2% during the 2nd quarter. State Street Corp now owns 865,934 shares of the energy company’s stock worth $97,400,000 after acquiring an additional 185,281 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Alpha Metallurgical Resources by 5.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 721,872 shares of the energy company’s stock worth $148,192,000 after buying an additional 38,300 shares during the last quarter. Continental General Insurance Co. lifted its position in shares of Alpha Metallurgical Resources by 6.4% in the 4th quarter. Continental General Insurance Co. now owns 644,025 shares of the energy company’s stock worth $128,728,000 after buying an additional 38,576 shares during the last quarter. Dalal Street LLC lifted its position in shares of Alpha Metallurgical Resources by 2.1% in the 4th quarter. Dalal Street LLC now owns 543,000 shares of the energy company’s stock worth $108,535,000 after buying an additional 11,000 shares during the last quarter. Finally, Gendell Jeffrey L lifted its position in shares of Alpha Metallurgical Resources by 4.0% in the 4th quarter. Gendell Jeffrey L now owns 494,072 shares of the energy company’s stock worth $98,755,000 after buying an additional 19,033 shares during the last quarter. 84.29% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Benchmark reissued a “hold” rating on shares of Alpha Metallurgical Resources in a report on Monday, March 2nd. Jefferies Financial Group reissued a “hold” rating and set a $185.00 price objective on shares of Alpha Metallurgical Resources in a report on Monday, March 2nd. Weiss Ratings reissued a “sell (d)” rating on shares of Alpha Metallurgical Resources in a report on Friday, March 27th. Atlantic Securities set a $194.00 price objective on shares of Alpha Metallurgical Resources in a report on Thursday, April 30th. Finally, B. Riley Financial raised their price objective on shares of Alpha Metallurgical Resources from $203.00 to $207.00 and gave the stock a “neutral” rating in a report on Thursday, March 5th. Four equities research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Reduce” and an average price target of $195.33.

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.