Jason E. Whitehead Sells 12,004 Shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR) 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 on Tuesday, August 12th. The stock was sold at an average price of $161.84, for a total value of $1,942,727.36. Following the completion of the sale, the chief operating officer owned 9,673 shares in the company, valued at $1,565,478.32. This trade represents a 55.38% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Alpha Metallurgical Resources Price Performance

NYSE AMR traded down $6.90 during trading hours on Thursday, reaching $159.62. 407,587 shares of the stock traded hands, compared to its average volume of 332,270. The stock has a 50 day simple moving average of $120.16 and a two-hundred day simple moving average of $130.46. Alpha Metallurgical Resources, Inc. has a 1 year low of $97.41 and a 1 year high of $255.04. The company 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 (NYSE:AMR - Get Free Report) last released its quarterly earnings results on Friday, August 8th. The energy company reported ($0.38) earnings per share for the quarter, beating analysts' consensus estimates 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 business had revenue of $550.27 million for the quarter, compared to the consensus estimate of $552.15 million. During the same quarter last year, the business posted $4.49 earnings per share. The company's revenue for the quarter was down 31.6% on a year-over-year basis. On average, sell-side analysts forecast that Alpha Metallurgical Resources, Inc. will post 14.31 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

AMR has been the topic of a number of recent analyst reports. Jefferies Financial Group increased their price objective on Alpha Metallurgical Resources from $110.00 to $150.00 and gave the stock a "hold" rating in a research report on Monday. Wall Street Zen downgraded Alpha Metallurgical Resources from a "hold" rating to a "sell" rating in a research report on Thursday, May 22nd. Finally, B. Riley lowered their price objective on Alpha Metallurgical Resources from $173.00 to $171.00 and set a "buy" rating on the stock in a research report on Tuesday, August 5th.

Institutional Inflows and Outflows

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

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.

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