Insider Selling: Alpha Metallurgical Resources, Inc. (NYSE:AMR) CFO Sells 2,135 Shares of 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 stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $157.00, for a total transaction 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 represents a 32.34% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Alpha Metallurgical Resources Price Performance

Shares of AMR stock traded down $6.90 on Thursday, hitting $159.62. The stock had a trading volume of 407,587 shares, compared to its average volume of 332,270. The business has a 50 day moving average of $120.16 and a 200 day moving average of $130.46. The stock has a market cap of $2.08 billion, a price-to-earnings ratio of -56.01 and a beta of 0.59. Alpha Metallurgical Resources, Inc. has a 12-month low of $97.41 and a 12-month high of $255.04.

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

Institutional Trading of Alpha Metallurgical Resources

A number of large investors have recently added to or reduced their stakes in the stock. State Street Corp increased its holdings in Alpha Metallurgical Resources by 27.2% during the second quarter. State Street Corp now owns 865,934 shares of the energy company's stock worth $97,400,000 after buying an additional 185,281 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Alpha Metallurgical Resources by 4.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 736,379 shares of the energy company's stock worth $147,366,000 after buying an additional 28,225 shares during the last quarter. Dalal Street LLC increased its holdings in Alpha Metallurgical Resources by 11.0% during the second quarter. Dalal Street LLC now owns 460,327 shares of the energy company's stock worth $51,778,000 after buying an additional 45,711 shares during the last quarter. American Century Companies Inc. increased its holdings in Alpha Metallurgical Resources by 3.4% during the second quarter. American Century Companies Inc. now owns 394,334 shares of the energy company's stock worth $44,355,000 after buying an additional 12,884 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings in Alpha Metallurgical Resources by 6.1% during the second quarter. Geode Capital Management LLC now owns 268,609 shares of the energy company's stock worth $30,219,000 after buying an additional 15,525 shares during the last quarter. Hedge funds and other institutional investors own 84.29% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on AMR shares. Jefferies Financial Group raised 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 note on Monday. B. Riley dropped their price objective on shares of Alpha Metallurgical Resources from $173.00 to $171.00 and set a "buy" rating on the stock in a research note on Tuesday, August 5th. Finally, Wall Street Zen downgraded shares of Alpha Metallurgical Resources from a "hold" rating to a "sell" rating in a report on Thursday, May 22nd.

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.

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