Alpha Metallurgical Resources (NYSE:AMR) Hits New 12-Month Low - Time to Sell?

Shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR - Get Free Report) reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as $146.85 and last traded at $148.95, with a volume of 335476 shares trading hands. The stock had previously closed at $150.78.

Alpha Metallurgical Resources Trading Up 0.9 %

The firm has a market capitalization of $1.74 billion, a PE ratio of 4.90 and a beta of 1.51. The firm has a 50 day simple moving average of $179.23 and a 200 day simple moving average of $207.98.

Alpha Metallurgical Resources (NYSE:AMR - Get Free Report) last issued its earnings results on Friday, February 28th. The energy company reported ($0.16) earnings per share for the quarter, missing analysts' consensus estimates of ($0.07) by ($0.09). Alpha Metallurgical Resources had a return on equity of 22.65% and a net margin of 11.08%. The business had revenue of $617.30 million during the quarter, compared to analysts' expectations of $658.20 million. During the same period last year, the firm posted $12.88 EPS. Alpha Metallurgical Resources's quarterly revenue was down 35.7% compared to the same quarter last year. Research analysts forecast that Alpha Metallurgical Resources, Inc. will post 14.31 earnings per share for the current year.

Insider Activity

In other Alpha Metallurgical Resources news, Director Kenneth S. Courtis sold 10,621 shares of the stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $228.73, for a total value of $2,429,341.33. Following the transaction, the director now directly owns 603,342 shares in the company, valued at approximately $138,002,415.66. This trade represents a 1.73 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 16.40% of the company's stock.

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Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Empowered Funds LLC increased its holdings in Alpha Metallurgical Resources by 69.7% in the 4th quarter. Empowered Funds LLC now owns 12,139 shares of the energy company's stock worth $2,429,000 after acquiring an additional 4,985 shares in the last quarter. Barclays PLC raised its position in shares of Alpha Metallurgical Resources by 309.2% during the 3rd quarter. Barclays PLC now owns 18,646 shares of the energy company's stock valued at $4,402,000 after purchasing an additional 14,089 shares during the period. Victory Capital Management Inc. raised its position in shares of Alpha Metallurgical Resources by 22.4% during the 3rd quarter. Victory Capital Management Inc. now owns 15,441 shares of the energy company's stock valued at $3,647,000 after purchasing an additional 2,823 shares during the period. Impala Asset Management LLC purchased a new position in shares of Alpha Metallurgical Resources during the 3rd quarter valued at $1,181,000. Finally, HighTower Advisors LLC bought a new position in Alpha Metallurgical Resources in the 3rd quarter worth $640,000. 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.