Alpha Metallurgical Resources (NYSE:AMR) Director Kenneth Courtis Purchases 15,000 Shares

Key Points

• Kenneth Courtis bought 15,000 shares at an average price of $181.84 on March 10, a $2.73M purchase that raised his stake to 856,537 shares (a 1.78% increase) valued at roughly $155.75M.
• Recent results showed weakness: AMR reported (−$1.34) EPS (in line with estimates) but missed revenue ($436.3M vs. $538.5M), posted negative margins and ROE, and carries a consensus analyst rating of "Reduce" with an average target of $196.
• Stock movement and ownership: Shares traded up about 1.2% to $189.80 on higher-than-average volume, sit within a 1‑year range of $97.41–$253.82, and are 84.29% institutionally owned.

Alpha Metallurgical Resources, Inc. (NYSE:AMR - Get Free Report) Director Kenneth Courtis acquired 15,000 shares of the stock in a transaction dated Tuesday, March 10th. The shares were purchased at an average cost of $181.84 per share, with a total value of $2,727,600.00. Following the completion of the purchase, the director owned 856,537 shares of the company's stock, valued at approximately $155,752,688.08. The trade was a 1.78% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Alpha Metallurgical Resources Trading Up 1.2%

Shares of NYSE:AMR traded up $2.25 on Thursday, hitting $189.80. The company had a trading volume of 435,173 shares, compared to its average volume of 295,954. Alpha Metallurgical Resources, Inc. has a 1 year low of $97.41 and a 1 year high of $253.82. The firm's 50-day simple moving average is $202.78 and its two-hundred day simple moving average is $179.66. 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 - Get Free Report) last issued 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 company had revenue of $436.33 million during the quarter, compared to analyst estimates of $538.45 million. During the same period last year, the business earned ($0.16) EPS. Alpha Metallurgical Resources's quarterly revenue was down 15.7% compared to the same quarter last year. On average, equities analysts predict that Alpha Metallurgical Resources, Inc. will post 14.31 earnings per share for the current year.

Analyst Ratings Changes

AMR has been the topic of a number of recent analyst reports. Weiss Ratings reiterated a "sell (d)" rating on shares of Alpha Metallurgical Resources in a report on Monday, December 29th. Jefferies Financial Group reiterated a "hold" rating and set a $185.00 target price on shares of Alpha Metallurgical Resources in a research note on Monday, March 2nd. Benchmark reiterated a "hold" rating on shares of Alpha Metallurgical Resources in a research report on Monday, March 2nd. Texas Capital cut Alpha Metallurgical Resources from a "strong-buy" rating to a "hold" rating in a research report on Thursday, January 29th. Finally, B. Riley Financial upped their target price 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 investment analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Reduce" and an average price target of $196.00.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Financial Management Professionals Inc. purchased a new position in Alpha Metallurgical Resources in the third quarter valued at about $25,000. Los Angeles Capital Management LLC bought a new stake in shares of Alpha Metallurgical Resources in the 4th quarter valued at about $29,000. Caitong International Asset Management Co. Ltd boosted its holdings in shares of Alpha Metallurgical Resources by 215.4% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 164 shares of the energy company's stock valued at $33,000 after buying an additional 112 shares in the last quarter. Hantz Financial Services Inc. grew its position in shares of Alpha Metallurgical Resources by 361.5% in the 3rd quarter. Hantz Financial Services Inc. now owns 240 shares of the energy company's stock worth $39,000 after buying an additional 188 shares during the last quarter. Finally, CWM LLC grew its position in shares of Alpha Metallurgical Resources by 146.0% in the 3rd quarter. CWM LLC now owns 246 shares of the energy company's stock worth $40,000 after buying an additional 146 shares during the last quarter. Institutional investors own 84.29% of the company's stock.

About Alpha Metallurgical Resources

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.

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