Alpha Metallurgical Resources (NYSE:AMR) Stock Price Down 6% – Should You Sell?

Alpha Metallurgical Resources, Inc. (NYSE:AMR) shares traded down 6% on Wednesday . The stock traded as low as $133.27 and last traded at $133.09. 156,791 shares were traded during trading, a decline of 27% from the average session volume of 215,083 shares. The stock had previously closed at $141.59.

Alpha Metallurgical Resources Stock Down 8.0 %

The business’s 50 day simple moving average is $174.15 and its 200 day simple moving average is $205.15. The company has a market capitalization of $1.70 billion, a PE ratio of 4.78 and a beta of 1.50.

Alpha Metallurgical Resources (NYSE:AMR) last posted its quarterly earnings results on Friday, February 28th. The energy company reported ($0.16) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.09). The company had revenue of $617.30 million for the quarter, compared to analyst estimates of $658.20 million. Alpha Metallurgical Resources had a return on equity of 22.65% and a net margin of 11.08%. The business’s revenue for the quarter was down 35.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $12.88 earnings per share. On average, analysts anticipate that Alpha Metallurgical Resources, Inc. will post 14.31 earnings per share for the current fiscal year.

Insider Buying and Selling at Alpha Metallurgical Resources

In related news, Director Kenneth S. Courtis sold 10,621 shares of the firm’s stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $228.73, for a total transaction of $2,429,341.33. Following the transaction, the director now owns 603,342 shares of the company’s stock, valued at approximately $138,002,415.66. This trade represents a 1.73 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 15.00% of the company’s stock.

Institutional Investors Weigh In On Alpha Metallurgical Resources

Several institutional investors and hedge funds have recently modified their holdings of AMR. New Age Alpha Advisors LLC acquired a new stake in shares of Alpha Metallurgical Resources in the fourth quarter worth about $40,000. FNY Investment Advisers LLC acquired a new stake in Alpha Metallurgical Resources in the 4th quarter worth approximately $50,000. PNC Financial Services Group Inc. boosted its position in Alpha Metallurgical Resources by 127.6% during the fourth quarter. PNC Financial Services Group Inc. now owns 289 shares of the energy company’s stock worth $58,000 after purchasing an additional 162 shares during the period. Public Employees Retirement System of Ohio acquired a new position in Alpha Metallurgical Resources during the fourth quarter valued at approximately $60,000. Finally, GAMMA Investing LLC raised its position in shares of Alpha Metallurgical Resources by 127.7% in the fourth quarter. GAMMA Investing LLC now owns 312 shares of the energy company’s stock valued at $62,000 after purchasing an additional 175 shares during the period. 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.