American Resources (NASDAQ:AREC) Shares Down 3.8% - What's Next?

Key Points

• Shares of American Resources Corporation (NASDAQ:AREC) fell by 3.8%, with trading activity showing a decline in volume of 33% compared to its average.
• The company reported an earnings per share (EPS) of (-$0.24) for the last quarter, with anticipated future EPS of (-$0.38) for the current year.
• A hedge fund, Jane Street Group LLC, increased its stake in the company by 84.5%, holding approximately 0.06% of the stock now valued at $44,000.

American Resources Corporation (NASDAQ:AREC - Get Free Report)'s share price dropped 3.8% on Wednesday . The company traded as low as $1.23 and last traded at $1.26. Approximately 1,625,507 shares traded hands during trading, a decline of 33% from the average daily volume of 2,414,567 shares. The stock had previously closed at $1.31.

American Resources Price Performance

The stock has a market cap of $129.63 million, a price-to-earnings ratio of -3.29 and a beta of 0.89. The stock's 50-day moving average is $1.03 and its 200 day moving average is $0.80.

American Resources (NASDAQ:AREC - Get Free Report) last released its quarterly earnings data on Monday, May 19th. The company reported ($0.24) EPS for the quarter. The company had revenue of $0.05 million for the quarter. Analysts anticipate that American Resources Corporation will post -0.38 EPS for the current year.

Institutional Investors Weigh In On American Resources

Several hedge funds have recently made changes to their positions in the business. Creative Planning boosted its holdings in American Resources by 65.5% in the 2nd quarter. Creative Planning now owns 37,892 shares of the company's stock worth $31,000 after acquiring an additional 15,000 shares during the period. Virtu Financial LLC boosted its position in shares of American Resources by 271.3% during the first quarter. Virtu Financial LLC now owns 101,913 shares of the company's stock worth $48,000 after buying an additional 74,464 shares during the period. Finally, Jane Street Group LLC lifted its stake in shares of American Resources by 84.5% in the 4th quarter. Jane Street Group LLC now owns 43,809 shares of the company's stock worth $44,000 after acquiring an additional 20,070 shares during the period. Institutional investors and hedge funds own 9.32% of the company's stock.

About American Resources

American Resources Corporation, together with its subsidiaries, extracts, processes, transports, and sells metallurgical coal to the steel and industrial industries. It supplies raw materials; and sells coal used in pulverized coal injections. The company was founded in 2006 and is headquartered in Fishers, Indiana.