Alpha Metallurgical Resources (NYSE:AMR) Sets New 12-Month Low – Here’s What Happened

Alpha Metallurgical Resources, Inc. (NYSE:AMR) shares hit a new 52-week low during trading on Saturday . The company traded as low as $168.04 and last traded at $168.48, with a volume of 431448 shares traded. The stock had previously closed at $184.51.

Analyst Ratings Changes

Separately, Benchmark reaffirmed a “hold” rating on shares of Alpha Metallurgical Resources in a research report on Monday, November 4th.

Alpha Metallurgical Resources Trading Down 8.7 %

The stock has a 50-day simple moving average of $197.30 and a 200 day simple moving average of $218.86. The company has a market cap of $2.19 billion, a price-to-earnings ratio of 6.18 and a beta of 1.43.

Insiders Place Their Bets

In other news, Director Kenneth S. Courtis sold 10,621 shares of the business’s stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $228.73, for a total value of $2,429,341.33. Following the completion of the transaction, the director now owns 603,342 shares of the company’s stock, valued at $138,002,415.66. The trade was a 1.73 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 15.00% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Alpha Metallurgical Resources

Several institutional investors and hedge funds have recently modified their holdings of AMR. GAMMA Investing LLC lifted its holdings in shares of Alpha Metallurgical Resources by 124.6% in the 3rd quarter. GAMMA Investing LLC now owns 137 shares of the energy company’s stock valued at $32,000 after buying an additional 76 shares during the period. Harbor Capital Advisors Inc. acquired a new position in shares of Alpha Metallurgical Resources in the 3rd quarter valued at about $36,000. New Age Alpha Advisors LLC acquired a new position in shares of Alpha Metallurgical Resources in the 4th quarter valued at about $40,000. FNY Investment Advisers LLC purchased a new position in shares of Alpha Metallurgical Resources in the 4th quarter valued at about $50,000. Finally, PNC Financial Services Group Inc. increased its stake in shares of Alpha Metallurgical Resources by 127.6% in the 4th quarter. PNC Financial Services Group Inc. now owns 289 shares of the energy company’s stock valued at $58,000 after purchasing an additional 162 shares in the last quarter. Institutional investors and hedge funds 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.