Alpha Metallurgical Resources, Inc. (NYSE:AMR) Short Interest Update

Alpha Metallurgical Resources, Inc. (NYSE:AMRGet Free Report) was the target of a large growth in short interest during the month of March. As of March 15th, there was short interest totalling 1,370,000 shares, a growth of 13.2% from the February 29th total of 1,210,000 shares. Approximately 12.7% of the shares of the company are short sold. Based on an average daily volume of 251,400 shares, the short-interest ratio is presently 5.4 days.

Alpha Metallurgical Resources Stock Performance

NYSE:AMR opened at $331.17 on Monday. Alpha Metallurgical Resources has a 52 week low of $132.72 and a 52 week high of $452.00. The firm has a 50-day moving average price of $365.72 and a two-hundred day moving average price of $309.48. The firm has a market cap of $4.31 billion, a price-to-earnings ratio of 6.80 and a beta of 1.37.

Alpha Metallurgical Resources (NYSE:AMRGet Free Report) last posted its quarterly earnings data on Monday, February 26th. The energy company reported $12.88 EPS for the quarter, beating the consensus estimate of $8.78 by $4.10. The business had revenue of $959.90 million for the quarter, compared to the consensus estimate of $796.65 million. Alpha Metallurgical Resources had a return on equity of 46.22% and a net margin of 20.80%. Alpha Metallurgical Resources’s revenue for the quarter was up 16.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $13.37 earnings per share. As a group, sell-side analysts forecast that Alpha Metallurgical Resources will post 37.3 earnings per share for the current year.

Insider Buying and Selling

In other news, insider Daniel E. Horn sold 100 shares of the company’s stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $360.29, for a total value of $36,029.00. Following the sale, the insider now directly owns 6,462 shares in the company, valued at approximately $2,328,193.98. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, insider Daniel E. Horn sold 100 shares of the firm’s stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $360.29, for a total transaction of $36,029.00. Following the sale, the insider now owns 6,462 shares of the company’s stock, valued at approximately $2,328,193.98. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director David J. Stetson sold 4,502 shares of the stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $388.26, for a total value of $1,747,946.52. Following the transaction, the director now owns 20,104 shares of the company’s stock, valued at approximately $7,805,579.04. The disclosure for this sale can be found here. In the last 90 days, insiders sold 153,971 shares of company stock valued at $55,479,986. Insiders own 15.00% of the company’s stock.

Institutional Trading of Alpha Metallurgical Resources

Large investors have recently modified their holdings of the business. Stratos Wealth Advisors LLC boosted its position in shares of Alpha Metallurgical Resources by 0.5% during the fourth quarter. Stratos Wealth Advisors LLC now owns 6,631 shares of the energy company’s stock valued at $2,247,000 after buying an additional 31 shares during the last quarter. SummerHaven Investment Management LLC raised its stake in shares of Alpha Metallurgical Resources by 0.7% in the fourth quarter. SummerHaven Investment Management LLC now owns 4,802 shares of the energy company’s stock worth $1,627,000 after buying an additional 35 shares during the period. Advisor Group Holdings Inc. raised its stake in shares of Alpha Metallurgical Resources by 9.9% in the fourth quarter. Advisor Group Holdings Inc. now owns 730 shares of the energy company’s stock worth $107,000 after buying an additional 66 shares during the period. American International Group Inc. grew its position in shares of Alpha Metallurgical Resources by 1.1% during the fourth quarter. American International Group Inc. now owns 6,300 shares of the energy company’s stock worth $2,135,000 after purchasing an additional 67 shares in the last quarter. Finally, Sei Investments Co. grew its position in shares of Alpha Metallurgical Resources by 3.1% during the second quarter. Sei Investments Co. now owns 2,460 shares of the energy company’s stock worth $404,000 after purchasing an additional 73 shares in the last quarter. 84.29% of the stock is owned by institutional investors.

About Alpha Metallurgical Resources

(Get Free Report)

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.

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