Alpha Metallurgical Resources (NYSE:AMR) Shares Down 4.6%

Alpha Metallurgical Resources, Inc. (NYSE:AMR - Get Free Report)'s stock price fell 4.6% during mid-day trading on Tuesday . The company traded as low as $316.95 and last traded at $317.81. 43,109 shares traded hands during mid-day trading, a decline of 82% from the average session volume of 241,361 shares. The stock had previously closed at $333.00.

Wall Street Analyst Weigh In

Separately, B. Riley cut their price target on Alpha Metallurgical Resources from $381.00 to $374.00 and set a "buy" rating for the company in a report on Monday, April 15th.

Alpha Metallurgical Resources Price Performance

The stock has a fifty day moving average price of $346.27 and a 200 day moving average price of $318.40. The stock has a market capitalization of $4.19 billion, a P/E ratio of 6.84 and a beta of 1.35.

Alpha Metallurgical Resources (NYSE:AMR - Get Free Report) last posted its quarterly earnings results on Monday, February 26th. The energy company reported $12.88 EPS for the quarter, topping analysts' consensus estimates of $8.78 by $4.10. Alpha Metallurgical Resources had a return on equity of 46.22% and a net margin of 20.80%. The firm had revenue of $959.90 million during the quarter, compared to analyst estimates of $796.65 million. During the same period last year, the company earned $13.37 earnings per share. The business's revenue for the quarter was up 16.6% on a year-over-year basis. Research analysts anticipate that Alpha Metallurgical Resources, Inc. will post 29.82 earnings per share for the current year.

Insider Activity at Alpha Metallurgical Resources

In related news, Director David J. Stetson sold 30,694 shares of Alpha Metallurgical Resources stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $392.30, for a total transaction of $12,041,256.20. Following the completion of the sale, the director now owns 26,054 shares of the company's stock, valued at $10,220,984.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Alpha Metallurgical Resources news, COO Jason E. Whitehead sold 23,187 shares of the firm's stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $366.04, for a total transaction of $8,487,369.48. Following the sale, the chief operating officer now owns 25,384 shares in the company, valued at $9,291,559.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director David J. Stetson sold 30,694 shares of Alpha Metallurgical Resources stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $392.30, for a total value of $12,041,256.20. Following the completion of the transaction, the director now owns 26,054 shares in the company, valued at approximately $10,220,984.20. The disclosure for this sale can be found here. Over the last quarter, insiders sold 153,971 shares of company stock valued at $55,479,986. Company insiders own 16.40% of the company's stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of AMR. Fuller & Thaler Asset Management Inc. purchased a new position in Alpha Metallurgical Resources during the 3rd quarter valued at about $128,857,000. Pacer Advisors Inc. purchased a new position in shares of Alpha Metallurgical Resources during the 4th quarter worth approximately $139,291,000. J.P. Morgan Private Wealth Advisors LLC purchased a new position in shares of Alpha Metallurgical Resources during the 3rd quarter worth approximately $28,239,000. Dalal Street LLC grew its holdings in shares of Alpha Metallurgical Resources by 21.7% during the 3rd quarter. Dalal Street LLC now owns 441,510 shares of the energy company's stock worth $114,673,000 after acquiring an additional 78,861 shares during the period. Finally, Invesco Ltd. grew its holdings in shares of Alpha Metallurgical Resources by 180.9% during the 3rd quarter. Invesco Ltd. now owns 115,816 shares of the energy company's stock worth $30,081,000 after acquiring an additional 74,583 shares during the period. Hedge funds and other institutional investors own 84.29% of the company's stock.

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.