Alpha Metallurgical Resources (NYSE:AMR) Hits New 1-Year Low – Here’s What Happened

Alpha Metallurgical Resources, Inc. (NYSE:AMR)’s share price reached a new 52-week low during trading on Thursday . The company traded as low as $146.85 and last traded at $148.95, with a volume of 335476 shares. The stock had previously closed at $150.78.

Analysts Set New Price Targets

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

Alpha Metallurgical Resources Trading Down 1.2 %

The stock has a 50-day simple moving average of $185.73 and a 200 day simple moving average of $211.69. The stock has a market capitalization of $1.94 billion, a price-to-earnings ratio of 5.47 and a beta of 1.43.

Insider Transactions at Alpha Metallurgical Resources

In other Alpha Metallurgical Resources news, Director Kenneth S. Courtis sold 10,621 shares of the company’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 transaction, the director now directly owns 603,342 shares of the company’s stock, valued at $138,002,415.66. This represents a 1.73 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 16.40% of the stock is owned by insiders.

Institutional Trading of Alpha Metallurgical Resources

A number of institutional investors have recently added to or reduced their stakes in the business. Pacer Advisors Inc. increased its position in Alpha Metallurgical Resources by 30.2% during the third quarter. Pacer Advisors Inc. now owns 798,584 shares of the energy company’s stock worth $188,610,000 after buying an additional 185,376 shares during the last quarter. Norges Bank acquired a new stake in Alpha Metallurgical Resources in the 4th quarter worth approximately $26,332,000. Jacobs Levy Equity Management Inc. bought a new stake in Alpha Metallurgical Resources during the fourth quarter worth approximately $6,958,000. American Century Companies Inc. grew its holdings in Alpha Metallurgical Resources by 9.8% during the fourth quarter. American Century Companies Inc. now owns 359,006 shares of the energy company’s stock valued at $71,844,000 after purchasing an additional 32,027 shares during the last quarter. Finally, Nomura Holdings Inc. grew its holdings in Alpha Metallurgical Resources by 1,706.0% during the fourth quarter. Nomura Holdings Inc. now owns 30,702 shares of the energy company’s stock valued at $6,144,000 after purchasing an additional 29,002 shares during the last quarter. 84.29% of the stock is currently owned by institutional investors and hedge funds.

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.