Alpha Metallurgical Resources (NYSE:AMR) Stock Price Down 4.8% Following Insider Selling

Key Points

• Alpha Metallurgical Resources stock fell by 4.8% after insider sales by CFO Joshua Todd Munsey and COO Jason E. Whitehead, indicating potential market concern over management confidence.
• Recent changes in analyst ratings show Jefferies Financial Group raised its price target while Wall Street Zen downgraded the stock, highlighting mixed investor sentiment.
• The company reported a quarterly revenue of $550.27 million, down 31.6% year-over-year, with a significant earnings surprise but still a negative net margin.

Alpha Metallurgical Resources, Inc. (NYSE:AMR - Get Free Report) shares dropped 4.8% during trading on Friday after an insider sold shares in the company. The stock traded as low as $151.91 and last traded at $152.14. Approximately 84,498 shares traded hands during trading, a decline of 74% from the average daily volume of 330,472 shares. The stock had previously closed at $159.76.

Specifically, CFO Joshua Todd Munsey sold 2,135 shares of the firm's stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $157.00, for a total value of $335,195.00. Following the transaction, the chief financial officer directly owned 4,466 shares in the company, valued at approximately $701,162. This trade represents a 32.34% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, COO Jason E. Whitehead sold 12,004 shares of the business's stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $161.84, for a total transaction of $1,942,727.36. Following the sale, the chief operating officer directly owned 9,673 shares of the company's stock, valued at approximately $1,565,478.32. This represents a 55.38% decrease in their position. The disclosure for this sale can be found here.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Jefferies Financial Group boosted their price objective on shares of Alpha Metallurgical Resources from $110.00 to $150.00 and gave the company a "hold" rating in a research report on Monday, August 11th. Wall Street Zen raised shares of Alpha Metallurgical Resources from a "sell" rating to a "hold" rating in a research report on Saturday. Finally, B. Riley lowered their price objective on shares of Alpha Metallurgical Resources from $173.00 to $171.00 and set a "buy" rating for the company in a research report on Tuesday, August 5th. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $160.50.

Alpha Metallurgical Resources Stock Performance

The firm has a 50 day simple moving average of $123.54 and a two-hundred day simple moving average of $129.02. The stock has a market cap of $1.82 billion, a P/E ratio of -48.91 and a beta of 0.59.

Alpha Metallurgical Resources (NYSE:AMR - Get Free Report) last issued its quarterly earnings results on Friday, August 8th. The energy company reported ($0.38) EPS for the quarter, beating analysts' consensus estimates of ($2.38) by $2.00. The company had revenue of $550.27 million for the quarter, compared to analyst estimates of $552.15 million. Alpha Metallurgical Resources had a negative return on equity of 2.28% and a negative net margin of 1.57%.The company's quarterly revenue was down 31.6% compared to the same quarter last year. During the same period last year, the company earned $4.49 earnings per share. As a group, equities research 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 made changes to their positions in the stock. Signaturefd LLC raised its position in shares of Alpha Metallurgical Resources by 306.1% during the 1st quarter. Signaturefd LLC now owns 199 shares of the energy company's stock worth $25,000 after buying an additional 150 shares in the last quarter. AdvisorNet Financial Inc lifted its holdings in shares of Alpha Metallurgical Resources by 214.3% in the first quarter. AdvisorNet Financial Inc now owns 220 shares of the energy company's stock valued at $28,000 after buying an additional 150 shares during the period. Summit Securities Group LLC bought a new position in Alpha Metallurgical Resources during the first quarter valued at about $38,000. Public Employees Retirement System of Ohio acquired a new position in Alpha Metallurgical Resources during the fourth quarter worth about $60,000. Finally, Opal Wealth Advisors LLC bought a new stake in Alpha Metallurgical Resources in the first quarter worth about $64,000. 84.29% of the stock is currently owned by institutional investors.

Alpha Metallurgical Resources Company Profile

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.