Kenneth Courtis Purchases 9,000 Shares of Alpha Metallurgical Resources (NYSE:AMR) Stock

Alpha Metallurgical Resources, Inc. (NYSE:AMR) Director Kenneth Courtis purchased 9,000 shares of the firm’s stock in a transaction that occurred on Monday, December 15th. The stock was purchased at an average price of $188.16 per share, for a total transaction of $1,693,440.00. Following the acquisition, the director owned 816,537 shares of the company’s stock, valued at $153,639,601.92. The trade was a 1.11% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Alpha Metallurgical Resources Trading Up 4.2%

Shares of NYSE:AMR opened at $206.53 on Friday. Alpha Metallurgical Resources, Inc. has a 1-year low of $97.41 and a 1-year high of $213.96. The stock has a market capitalization of $2.66 billion, a P/E ratio of -58.01 and a beta of 0.91. The business has a 50-day moving average price of $168.01 and a two-hundred day moving average price of $146.02.

Alpha Metallurgical Resources (NYSE:AMR) last issued its quarterly earnings results on Thursday, November 6th. The energy company reported ($0.42) EPS for the quarter, missing the consensus estimate of ($0.35) by ($0.07). The business had revenue of $526.78 million for the quarter, compared to analyst estimates of $543.77 million. Alpha Metallurgical Resources had a negative return on equity of 2.88% and a negative net margin of 2.09%.The firm’s quarterly revenue was down 21.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.29 EPS. As a group, equities analysts predict that Alpha Metallurgical Resources, Inc. will post 14.31 EPS for the current year.

Institutional Trading of Alpha Metallurgical Resources

Hedge funds and other institutional investors have recently modified their holdings of the company. State Street Corp grew its holdings in shares of Alpha Metallurgical Resources by 27.2% during the second quarter. State Street Corp now owns 865,934 shares of the energy company’s stock worth $97,400,000 after buying an additional 185,281 shares in the last quarter. Dalal Street LLC lifted its position in Alpha Metallurgical Resources by 15.6% during the 3rd quarter. Dalal Street LLC now owns 532,000 shares of the energy company’s stock worth $87,296,000 after buying an additional 71,673 shares in the last quarter. American Century Companies Inc. lifted its position in Alpha Metallurgical Resources by 5.6% during the 3rd quarter. American Century Companies Inc. now owns 416,577 shares of the energy company’s stock worth $68,356,000 after buying an additional 22,243 shares in the last quarter. Gendell Jeffrey L grew its holdings in shares of Alpha Metallurgical Resources by 30.9% in the 2nd quarter. Gendell Jeffrey L now owns 296,396 shares of the energy company’s stock valued at $33,339,000 after acquiring an additional 69,950 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in shares of Alpha Metallurgical Resources by 6.1% in the second quarter. Geode Capital Management LLC now owns 268,609 shares of the energy company’s stock valued at $30,219,000 after acquiring an additional 15,525 shares during the last quarter. Institutional investors and hedge funds own 84.29% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Alpha Metallurgical Resources in a report on Monday. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $160.50.

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.