Alpha Metallurgical Resources (NYSE:AMR) Reaches New 12-Month Low – Should You Sell?

Alpha Metallurgical Resources, Inc. (NYSE:AMR) reached a new 52-week low during mid-day trading on Saturday . The stock traded as low as $168.04 and last traded at $168.48, with a volume of 431448 shares. The stock had previously closed at $184.51.

Analyst Ratings Changes

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

Alpha Metallurgical Resources Trading Down 8.7 %

The company’s 50-day simple moving average is $196.18 and its 200 day simple moving average is $216.95. The stock has a market cap of $2.19 billion, a P/E ratio of 6.18 and a beta of 1.43.

Insiders Place Their Bets

In related news, Director Kenneth S. Courtis sold 10,621 shares of the firm’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 completion of the sale, the director now 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 filing with the SEC, which is accessible through this link. Insiders own 15.00% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Creative Planning lifted its stake in Alpha Metallurgical Resources by 17.6% in the third quarter. Creative Planning now owns 1,798 shares of the energy company’s stock valued at $425,000 after purchasing an additional 269 shares during the last quarter. nVerses Capital LLC bought a new stake in shares of Alpha Metallurgical Resources in the third quarter valued at $189,000. Stratos Wealth Advisors LLC lifted its position in shares of Alpha Metallurgical Resources by 50.3% during the 3rd quarter. Stratos Wealth Advisors LLC now owns 9,878 shares of the energy company’s stock valued at $2,333,000 after buying an additional 3,305 shares during the last quarter. Blue Trust Inc. grew its stake in shares of Alpha Metallurgical Resources by 69.5% during the 3rd quarter. Blue Trust Inc. now owns 1,722 shares of the energy company’s stock worth $407,000 after acquiring an additional 706 shares during the period. Finally, Jade Capital Advisors LLC increased its holdings in Alpha Metallurgical Resources by 180.0% in the 3rd quarter. Jade Capital Advisors LLC now owns 7,000 shares of the energy company’s stock worth $1,653,000 after acquiring an additional 4,500 shares during the last quarter. 84.29% of the stock is owned by institutional investors.

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.