Alpha Metallurgical Resources (NYSE:AMR) Insider Daniel Horn Sells 971 Shares

Key Points

• Insider sale: Director Daniel Horn sold 971 shares on March 5 at an average price of $170.05 for proceeds of $165,118.55, trimming his direct holding to 7,320 shares (an 11.71% reduction) worth roughly $1.24 million.
• Operational results: Alpha reported EPS of ($1.34) that met estimates but missed on revenue with $436.33 million vs. a $538.45 million consensus, as revenue fell 15.7% year‑over‑year and the company showed negative margins and ROE.
• Market and analyst stance: AMR traded near $175.72 (50‑/200‑day MAs $204.25/$178.99), has a market cap of about $2.25 billion and a negative P/E, and carries a consensus rating of "Reduce" with an average price target of $196.00.

Alpha Metallurgical Resources, Inc. (NYSE:AMR - Get Free Report) insider Daniel Horn sold 971 shares of Alpha Metallurgical Resources stock in a transaction dated Thursday, March 5th. The stock was sold at an average price of $170.05, for a total value of $165,118.55. Following the sale, the insider directly owned 7,320 shares of the company's stock, valued at approximately $1,244,766. This represents a 11.71% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Alpha Metallurgical Resources Stock Performance

Shares of AMR stock traded up $7.12 during mid-day trading on Monday, reaching $175.72. The stock had a trading volume of 304,343 shares, compared to its average volume of 293,885. The business's fifty day moving average is $204.25 and its 200-day moving average is $178.99. The company has a current ratio of 4.47, a quick ratio of 3.53 and a debt-to-equity ratio of 0.01. The firm has a market cap of $2.25 billion, a price-to-earnings ratio of -37.07 and a beta of 0.79. Alpha Metallurgical Resources, Inc. has a 1-year low of $97.41 and a 1-year high of $253.82.

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

Institutional Inflows and Outflows

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

Analyst Upgrades and Downgrades

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

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.

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