Cwm LLC Makes New Investment in American Resources Corporation $AREC

Cwm LLC bought a new stake in American Resources Corporation (NASDAQ:AREC) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 159,067 shares of the company’s stock, valued at approximately $429,000. Cwm LLC owned 0.19% of American Resources as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. Jane Street Group LLC acquired a new stake in American Resources in the 2nd quarter worth about $139,000. 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. XTX Topco Ltd bought a new stake in shares of American Resources in the second quarter valued at approximately $33,000. Finally, Creative Planning grew its position in American Resources by 65.5% during the second quarter. Creative Planning now owns 37,892 shares of the company’s stock worth $31,000 after buying an additional 15,000 shares in the last quarter. 9.32% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

AREC has been the subject of a number of recent analyst reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of American Resources in a research report on Wednesday, October 8th. Maxim Group started coverage on shares of American Resources in a research report on Wednesday, November 26th. They set a “buy” rating and a $7.00 price objective for the company. Wall Street Zen raised shares of American Resources from a “sell” rating to a “hold” rating in a report on Sunday, December 28th. Roth Capital reaffirmed a “buy” rating and set a $5.00 price target on shares of American Resources in a report on Monday, October 13th. Finally, D Boral Capital upgraded shares of American Resources to a “strong-buy” rating in a research report on Monday, September 15th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, American Resources has a consensus rating of “Moderate Buy” and an average price target of $6.00.

Insider Buying and Selling at American Resources

In other news, major shareholder Properties Ltd. Golden sold 290,000 shares of the company’s stock in a transaction on Monday, November 10th. The shares were sold at an average price of $4.13, for a total transaction of $1,197,700.00. Following the completion of the transaction, the insider directly owned 10,288,832 shares in the company, valued at approximately $42,492,876.16. This represents a 2.74% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold a total of 2,564,818 shares of company stock worth $10,405,579 over the last quarter. Insiders own 16.80% of the company’s stock.

American Resources Trading Down 2.0%

Shares of NASDAQ AREC opened at $3.37 on Friday. The company has a market cap of $341.68 million, a price-to-earnings ratio of -8.22 and a beta of 1.13. American Resources Corporation has a 12 month low of $0.38 and a 12 month high of $7.11. The stock has a 50-day moving average price of $2.96 and a two-hundred day moving average price of $2.49.

American Resources (NASDAQ:AREC) last posted its quarterly earnings results on Friday, November 14th. The company reported ($0.07) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.05. The company had revenue of $0.05 million during the quarter, compared to analyst estimates of $0.01 million. On average, sell-side analysts predict that American Resources Corporation will post -0.38 earnings per share for the current year.

About American Resources

American Resources Corporation (NASDAQ:AREC) is a diversified energy and critical minerals company focused on reclaiming coal refuse and mining high‐quality steam and metallurgical coal. The firm employs a vertically integrated business model that encompasses raw material extraction, on‐site processing and product delivery, supplying coal to power generators, steel manufacturers and industrial users.

Operating primarily in the Central Appalachian region of the United States, American Resources holds mining leases and reclamation permits across multiple sites in Kentucky, West Virginia and Indiana.