Insider Selling: Alpha Metallurgical Resources (NYSE:AMR) COO Sells 12,004 Shares of Stock

Key Points

• Jason E. Whitehead, COO of Alpha Metallurgical Resources, sold 12,004 shares at an average price of $161.84, totaling approximately $1.94 million, representing a 55.38% decrease in his holdings.
• Alpha Metallurgical's recent earnings report revealed a loss of ($0.38) per share, better than analysts' expectations, but a 31.6% decline in revenue year-over-year, totaling $550.27 million.
• Institutional investors hold 84.29% of the stock, with significant increases in holdings from firms like State Street Corp and Dimensional Fund Advisors in the latest quarter.

Alpha Metallurgical Resources, Inc. (NYSE:AMR - Get Free Report) COO Jason E. Whitehead sold 12,004 shares of the stock in a transaction that occurred on 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 transaction, the chief operating officer owned 9,673 shares in the company, valued at $1,565,478.32. The trade was a 55.38% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Alpha Metallurgical Resources Trading Down 3.2%

Shares of AMR traded down $4.5120 during mid-day trading on Tuesday, reaching $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 52 week low of $97.41 and a 52 week high of $255.04. The stock has a market cap of $1.78 billion, a PE ratio of -47.93 and a beta of 0.59. The company's fifty day moving average price is $122.99 and its two-hundred day moving average price is $128.95.

Alpha Metallurgical Resources (NYSE:AMR - Get Free Report) last released 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. 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 net margin of 1.57% and a negative return on equity of 2.28%. The firm's quarterly revenue was down 31.6% compared to the same quarter last year. During the same quarter last year, the firm earned $4.49 EPS. Research analysts anticipate that Alpha Metallurgical Resources, Inc. will post 14.31 EPS for the current year.

Wall Street Analysts Forecast Growth

AMR has been the subject of several analyst reports. Wall Street Zen upgraded Alpha Metallurgical Resources from a "sell" rating to a "hold" rating in a report on Saturday. Jefferies Financial Group increased their price objective on Alpha Metallurgical Resources from $110.00 to $150.00 and gave the company a "hold" rating in a research note on Monday, August 11th. Finally, B. Riley decreased their target price 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. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, Alpha Metallurgical Resources currently has an average rating of "Hold" and a consensus price target of $160.50.

Hedge Funds Weigh In On Alpha Metallurgical Resources

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. GAMMA Investing LLC raised its holdings in Alpha Metallurgical Resources by 11,100.3% in the 1st quarter. GAMMA Investing LLC now owns 34,945 shares of the energy company's stock worth $4,377,000 after purchasing an additional 34,633 shares in the last quarter. Mutual Advisors LLC purchased a new position in shares of Alpha Metallurgical Resources during the first quarter valued at about $603,000. SG Americas Securities LLC raised its stake in Alpha Metallurgical Resources by 204.5% in the first quarter. SG Americas Securities LLC now owns 8,376 shares of the energy company's stock worth $1,049,000 after buying an additional 5,625 shares in the last quarter. DekaBank Deutsche Girozentrale lifted its holdings in Alpha Metallurgical Resources by 40.2% in the first quarter. DekaBank Deutsche Girozentrale now owns 1,385 shares of the energy company's stock worth $173,000 after buying an additional 397 shares during the period. Finally, Federated Hermes Inc. lifted its holdings in Alpha Metallurgical Resources by 59,520.9% in the first quarter. Federated Hermes Inc. now owns 25,637 shares of the energy company's stock worth $3,211,000 after buying an additional 25,594 shares during the period. 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.