Joshua Todd Munsey Sells 2,135 Shares of Alpha Metallurgical Resources (NYSE:AMR) Stock

Key Points

• Alpha Metallurgical Resources' CFO, Joshua Todd Munsey, sold 2,135 shares for a total of $335,195, reducing his ownership by 32.34% to 4,466 shares valued at approximately $701,162.
• The company's latest earnings report showed a negative EPS of ($0.38), beating expectations but demonstrating a 31.6% year-over-year revenue decline.
• Several institutional investors have increased their stakes, with State Street Corp raising its holdings by 27.2% during the second quarter.

Alpha Metallurgical Resources, Inc. (NYSE:AMR - Get Free Report) CFO Joshua Todd Munsey sold 2,135 shares of the company's stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $157.00, for a total value of $335,195.00. Following the sale, the chief financial officer owned 4,466 shares of the company's stock, valued at $701,162. This represents a 32.34% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Alpha Metallurgical Resources Stock Performance

Shares of NYSE:AMR traded down $4.5120 during trading on Tuesday, hitting $136.6080. The company's stock had a trading volume of 628,216 shares, compared to its average volume of 470,156. Alpha Metallurgical Resources, Inc. has a fifty-two week low of $97.41 and a fifty-two week high of $255.04. The stock's 50-day moving average price is $122.99 and its two-hundred day moving average price is $128.95. The company has a market capitalization of $1.78 billion, a PE ratio of -47.93 and a beta of 0.59.

Alpha Metallurgical Resources (NYSE:AMR - Get Free Report) last announced its quarterly earnings data on Friday, August 8th. The energy company reported ($0.38) earnings per share (EPS) for the quarter, topping the consensus estimate of ($2.38) by $2.00. Alpha Metallurgical Resources had a negative return on equity of 2.28% and a negative net margin of 1.57%.The firm had revenue of $550.27 million for the quarter, compared to analysts' expectations of $552.15 million. During the same period last year, the business posted $4.49 earnings per share. The firm's revenue for the quarter was down 31.6% on a year-over-year basis. On average, equities analysts predict that Alpha Metallurgical Resources, Inc. will post 14.31 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

AMR has been the subject of a number of analyst reports. Jefferies Financial Group boosted their target price on shares of Alpha Metallurgical Resources from $110.00 to $150.00 and gave the company a "hold" rating in a research note on Monday, August 11th. B. Riley decreased their price objective on Alpha Metallurgical Resources from $173.00 to $171.00 and set a "buy" rating for the company in a report on Tuesday, August 5th. Finally, Wall Street Zen raised Alpha Metallurgical Resources from a "sell" rating to a "hold" rating in a research note on Saturday. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $160.50.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Signaturefd LLC raised its position in Alpha Metallurgical Resources by 306.1% in the first quarter. Signaturefd LLC now owns 199 shares of the energy company's stock worth $25,000 after acquiring an additional 150 shares in the last quarter. AdvisorNet Financial Inc grew its stake in shares of Alpha Metallurgical Resources by 214.3% in the 1st quarter. AdvisorNet Financial Inc now owns 220 shares of the energy company's stock worth $28,000 after purchasing an additional 150 shares during the last quarter. Summit Securities Group LLC bought a new stake in shares of Alpha Metallurgical Resources in the 1st quarter worth approximately $38,000. Public Employees Retirement System of Ohio bought a new stake in shares of Alpha Metallurgical Resources in the 4th quarter worth approximately $60,000. Finally, Opal Wealth Advisors LLC bought a new stake in Alpha Metallurgical Resources during the first quarter worth approximately $64,000. Institutional investors own 84.29% of the company's stock.

About Alpha Metallurgical Resources

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.