Alpha Metallurgical Resources (NYSE:AMR) Reaches New 1-Year Low - Here's Why

Alpha Metallurgical Resources, Inc. (NYSE:AMR - Get Free Report) shares hit a new 52-week low during mid-day 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 Upgrades and Downgrades

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

Alpha Metallurgical Resources Stock Performance

The stock has a market cap of $2.11 billion, a price-to-earnings ratio of 5.96 and a beta of 1.43. The business has a 50-day simple moving average of $192.28 and a two-hundred day simple moving average of $215.17.

Insider Activity

In other news, Director Kenneth S. Courtis sold 10,621 shares of the business's stock in a transaction dated 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 directly owns 603,342 shares in the company, valued at $138,002,415.66. The trade was a 1.73 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 16.40% of the stock is owned by corporate insiders.

Institutional Trading of Alpha Metallurgical Resources

A number of hedge funds have recently made changes to their positions in AMR. Creative Planning lifted its position in Alpha Metallurgical Resources by 17.6% during the third quarter. Creative Planning now owns 1,798 shares of the energy company's stock worth $425,000 after acquiring an additional 269 shares during the last quarter. Blue Trust Inc. boosted its holdings in shares of Alpha Metallurgical Resources by 69.5% in the 3rd quarter. Blue Trust Inc. now owns 1,722 shares of the energy company's stock valued at $407,000 after purchasing an additional 706 shares in the last quarter. Jade Capital Advisors LLC grew its position in Alpha Metallurgical Resources by 180.0% in the third quarter. Jade Capital Advisors LLC now owns 7,000 shares of the energy company's stock valued at $1,653,000 after acquiring an additional 4,500 shares during the last quarter. X Square Capital LLC increased its position in Alpha Metallurgical Resources by 6.6% during the 3rd quarter. X Square Capital LLC now owns 2,921 shares of the energy company's stock worth $690,000 after purchasing an additional 180 shares in the last quarter. Finally, Arkadios Wealth Advisors acquired a new position in shares of Alpha Metallurgical Resources during the third quarter worth $269,000. 84.29% of the stock is owned by institutional investors and hedge funds.

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.