Alpha Metallurgical Resources, Inc. (NYSE:AMR) Short Interest Up 17.2% in February

Alpha Metallurgical Resources, Inc. (NYSE:AMR) was the recipient of a significant growth in short interest in the month of February. As of February 27th, there was short interest totaling 1,963,390 shares, a growth of 17.2% from the February 12th total of 1,675,954 shares. Based on an average daily trading volume, of 324,757 shares, the short-interest ratio is presently 6.0 days. Approximately 18.3% of the company’s shares are short sold. Approximately 18.3% of the company’s shares are short sold. Based on an average daily trading volume, of 324,757 shares, the short-interest ratio is presently 6.0 days.

Analysts Set New Price Targets

A number of brokerages recently weighed in on AMR. Benchmark reaffirmed a “hold” rating on shares of Alpha Metallurgical Resources in a research report on Monday, March 2nd. Jefferies Financial Group reissued a “hold” rating and issued a $185.00 price objective on shares of Alpha Metallurgical Resources in a research report on Monday, March 2nd. Zacks Research cut Alpha Metallurgical Resources from a “hold” rating to a “strong sell” rating in a research note on Thursday, February 5th. Texas Capital downgraded Alpha Metallurgical Resources from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 29th. Finally, B. Riley Financial increased their target price on Alpha Metallurgical Resources from $203.00 to $207.00 and gave the company a “neutral” rating in a research note on Thursday, March 5th. Four analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, Alpha Metallurgical Resources presently has an average rating of “Reduce” and a consensus price target of $196.00.

Insider Buying and Selling at Alpha Metallurgical Resources

In other Alpha Metallurgical Resources news, Director Kenneth S. Courtis acquired 25,000 shares of the company’s stock in a transaction dated Monday, March 9th. The stock was bought at an average price of $176.23 per share, with a total value of $4,405,750.00. Following the completion of the transaction, the director directly owned 841,537 shares of the company’s stock, valued at approximately $148,304,065.51. The trade was a 3.06% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Joshua Todd Munsey sold 2,523 shares of the firm’s stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $183.24, for a total transaction of $462,314.52. Following the completion of the transaction, the chief financial officer directly owned 4,735 shares in the company, valued at approximately $867,641.40. This represents a 34.76% decrease in their position. The SEC filing for this sale provides additional information. Insiders have acquired a total of 50,000 shares of company stock valued at $9,002,050 over the last ninety days. Corporate insiders own 16.00% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of AMR. First Citizens Bank & Trust Co. lifted its stake in shares of Alpha Metallurgical Resources by 1.8% in the fourth quarter. First Citizens Bank & Trust Co. now owns 4,058 shares of the energy company’s stock worth $811,000 after acquiring an additional 72 shares in the last quarter. EP Wealth Advisors LLC acquired a new stake in Alpha Metallurgical Resources during the 4th quarter valued at approximately $233,000. Regal Partners Ltd purchased a new stake in Alpha Metallurgical Resources during the 4th quarter worth approximately $977,000. Empowered Funds LLC increased its holdings in Alpha Metallurgical Resources by 47.3% during the 4th quarter. Empowered Funds LLC now owns 20,822 shares of the energy company’s stock worth $4,162,000 after purchasing an additional 6,684 shares during the last quarter. Finally, XTX Topco Ltd acquired a new position in shares of Alpha Metallurgical Resources in the 4th quarter valued at approximately $1,145,000. Institutional investors and hedge funds own 84.29% of the company’s stock.

Alpha Metallurgical Resources Price Performance

Shares of AMR stock opened at $196.24 on Thursday. The firm has a fifty day simple moving average of $201.21 and a 200-day simple moving average of $181.13. The company has a market capitalization of $2.51 billion, a PE ratio of -41.40 and a beta of 0.79. Alpha Metallurgical Resources has a twelve month low of $97.41 and a twelve month high of $253.82. The company has a current ratio of 4.47, a quick ratio of 3.53 and a debt-to-equity ratio of 0.01.

Alpha Metallurgical Resources (NYSE:AMR) last released its quarterly earnings results on Friday, February 27th. The energy company reported ($1.34) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($1.34). Alpha Metallurgical Resources had a negative net margin of 2.90% and a negative return on equity of 3.88%. The firm had revenue of $436.33 million for the quarter, compared to the consensus estimate of $538.45 million. During the same quarter in the previous year, the firm posted ($0.16) EPS. The firm’s quarterly revenue was down 15.7% on a year-over-year basis. Equities research analysts anticipate that Alpha Metallurgical Resources will post 14.31 earnings per share for the current fiscal year.

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.