Algert Global LLC Increases Stake in Arch Resources, Inc. (NYSE:ARCH)

Algert Global LLC increased its stake in Arch Resources, Inc. (NYSE:ARCH) by 19.1% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,480 shares of the energy company’s stock after purchasing an additional 1,523 shares during the quarter. Algert Global LLC owned 0.05% of Arch Resources worth $1,310,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in ARCH. CWM LLC grew its holdings in Arch Resources by 132.0% in the second quarter. CWM LLC now owns 174 shares of the energy company’s stock valued at $26,000 after purchasing an additional 99 shares during the period. Quest Partners LLC purchased a new stake in Arch Resources in the third quarter valued at approximately $50,000. Blue Trust Inc. grew its holdings in Arch Resources by 5,500.0% in the second quarter. Blue Trust Inc. now owns 336 shares of the energy company’s stock valued at $54,000 after purchasing an additional 330 shares during the period. Innealta Capital LLC purchased a new stake in Arch Resources in the second quarter valued at approximately $55,000. Finally, KBC Group NV grew its holdings in Arch Resources by 43.3% in the third quarter. KBC Group NV now owns 569 shares of the energy company’s stock valued at $79,000 after purchasing an additional 172 shares during the period. 88.14% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have issued reports on ARCH. Jefferies Financial Group downgraded shares of Arch Resources from a “buy” rating to a “hold” rating and boosted their price objective for the stock from $155.00 to $165.00 in a research note on Wednesday, November 13th. StockNews.com initiated coverage on shares of Arch Resources in a report on Wednesday. They issued a “hold” rating on the stock. B. Riley cut their price target on shares of Arch Resources from $198.00 to $188.00 and set a “buy” rating on the stock in a report on Friday, September 6th. Finally, Benchmark reaffirmed a “buy” rating and issued a $180.00 price target on shares of Arch Resources in a report on Monday, November 18th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, Arch Resources has an average rating of “Hold” and an average target price of $173.60.

Arch Resources Price Performance

ARCH stock opened at $173.36 on Friday. Arch Resources, Inc. has a 1-year low of $116.44 and a 1-year high of $187.60. The firm has a fifty day moving average price of $150.32 and a two-hundred day moving average price of $148.36. The firm has a market cap of $3.14 billion, a price-to-earnings ratio of 18.21 and a beta of 0.59.

Arch Resources (NYSE:ARCH) last released its earnings results on Tuesday, November 5th. The energy company reported ($0.34) earnings per share for the quarter, missing the consensus estimate of $1.83 by ($2.17). Arch Resources had a net margin of 6.69% and a return on equity of 13.22%. The business had revenue of $617.90 million for the quarter, compared to the consensus estimate of $587.71 million. During the same quarter in the previous year, the firm earned $3.91 EPS. The firm’s revenue for the quarter was down 17.0% on a year-over-year basis. As a group, analysts expect that Arch Resources, Inc. will post 5.86 EPS for the current fiscal year.

Arch Resources Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, November 26th. Stockholders of record on Friday, November 15th were given a dividend of $0.25 per share. The ex-dividend date was Friday, November 15th. This represents a $1.00 annualized dividend and a dividend yield of 0.58%. Arch Resources’s dividend payout ratio is currently 10.50%.

Insider Transactions at Arch Resources

In other news, VP Deck Slone sold 253 shares of the company’s stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $144.75, for a total transaction of $36,621.75. Following the completion of the transaction, the vice president now owns 29,120 shares in the company, valued at approximately $4,215,120. This represents a 0.86 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 5.90% of the company’s stock.

About Arch Resources

Arch Resources, Inc engages in the production and sale of metallurgical products. It operates in two segments, Metallurgical and Thermal. The company operates active mines. It owned or controlled primarily through long-term leases of coal land in Ohio, Maryland, Virginia, West Virginia, Wyoming, Kentucky, Montana, Pennsylvania, Colorado, and Illinois; and smaller parcels of property in Alabama, Indiana, Washington, Arkansas, California, Utah, and Texas.