Stock Traders Buy High Volume of American Resources Call Options (NASDAQ:AREC)

American Resources Corporation (NASDAQ:AREC) was the recipient of some unusual options trading activity on Monday. Stock investors purchased 16,635 call options on the stock. This represents an increase of 215% compared to the typical daily volume of 5,285 call options.

American Resources Price Performance

Shares of NASDAQ AREC opened at $4.00 on Tuesday. The stock has a market capitalization of $398.20 million, a price-to-earnings ratio of -8.51 and a beta of 1.14. The business has a 50-day moving average of $3.15 and a 200-day moving average of $1.79. American Resources has a fifty-two week low of $0.38 and a fifty-two week high of $7.11.

American Resources (NASDAQ:AREC) last announced its quarterly earnings data on Tuesday, August 19th. The company reported ($0.10) earnings per share for the quarter, missing the consensus estimate of ($0.05) by ($0.05). The firm had revenue of $0.01 million during the quarter, compared to the consensus estimate of $16.40 million. On average, sell-side analysts expect that American Resources will post -0.38 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. D Boral Capital raised American Resources to a “strong-buy” rating in a research report on Monday, September 15th. William Blair assumed coverage on American Resources in a research note on Monday, October 20th. They issued an “outperform” rating for the company. Roth Capital restated a “buy” rating and set a $5.00 price target on shares of American Resources in a research note on Monday, October 13th. D. Boral Capital assumed coverage on American Resources in a research note on Monday, September 15th. They set a “buy” rating and a $6.00 price target for the company. Finally, Wall Street Zen upgraded American Resources from a “sell” rating to a “hold” rating in a research note on Sunday, September 28th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $5.50.

Insider Transactions at American Resources

In related news, major shareholder Properties Ltd. Golden sold 20,000 shares of the business’s stock in a transaction dated Monday, October 20th. The shares were sold at an average price of $4.12, for a total value of $82,400.00. Following the sale, the insider directly owned 11,389,960 shares in the company, valued at approximately $46,926,635.20. The trade was a 0.18% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In the last 90 days, insiders have sold 2,000,000 shares of company stock valued at $5,321,200. 16.80% of the stock is currently owned by insiders.

Hedge Funds Weigh In On American Resources

A number of hedge funds and other institutional investors have recently bought and sold shares of AREC. Jane Street Group LLC acquired a new stake in American Resources during the second quarter worth approximately $139,000. CWM LLC acquired a new stake in shares of American Resources in the third quarter valued at approximately $429,000. JPMorgan Chase & Co. raised its position in shares of American Resources by 86,418.3% in the second quarter. JPMorgan Chase & Co. now owns 122,856 shares of the company’s stock valued at $102,000 after buying an additional 122,714 shares in the last quarter. Virtu Financial LLC raised its position in shares of American Resources by 271.3% in the first quarter. Virtu Financial LLC now owns 101,913 shares of the company’s stock valued at $48,000 after buying an additional 74,464 shares in the last quarter. Finally, XTX Topco Ltd acquired a new stake in shares of American Resources in the second quarter valued at approximately $33,000. Institutional investors own 9.32% of the company’s stock.

About American Resources

American Resources Corporation, together with its subsidiaries, extracts, processes, transports, and sells metallurgical coal to the steel and industrial industries. It supplies raw materials; and sells coal used in pulverized coal injections. The company was founded in 2006 and is headquartered in Fishers, Indiana.