Apis Capital Advisors LLC Sells 4,000 Shares of Arch Resources, Inc. (NYSE:ARCH)

Apis Capital Advisors LLC lessened its holdings in shares of Arch Resources, Inc. (NYSE:ARCHGet Rating) by 25.0% in the second quarter, according to its most recent filing with the SEC. The firm owned 12,000 shares of the energy company’s stock after selling 4,000 shares during the period. Arch Resources accounts for 1.9% of Apis Capital Advisors LLC’s portfolio, making the stock its 16th largest position. Apis Capital Advisors LLC owned 0.06% of Arch Resources worth $1,717,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in ARCH. Denali Advisors LLC bought a new position in Arch Resources during the 2nd quarter worth approximately $29,000. Strs Ohio bought a new position in Arch Resources during the second quarter worth about $42,000. Gladius Capital Management LP acquired a new position in Arch Resources in the second quarter valued at about $44,000. Clear Street Markets LLC increased its holdings in shares of Arch Resources by 59,900.0% in the second quarter. Clear Street Markets LLC now owns 600 shares of the energy company’s stock worth $86,000 after acquiring an additional 599 shares in the last quarter. Finally, Islay Capital Management LLC acquired a new stake in shares of Arch Resources during the second quarter worth about $126,000. Institutional investors own 95.31% of the company’s stock.

Insider Transactions at Arch Resources

In related news, VP John A. Ziegler sold 190 shares of Arch Resources stock in a transaction dated Thursday, October 13th. The stock was sold at an average price of $136.00, for a total value of $25,840.00. Following the sale, the vice president now owns 15,086 shares of the company’s stock, valued at $2,051,696. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Arch Resources news, CFO Matthew C. Giljum sold 253 shares of the stock in a transaction on Thursday, October 13th. The shares were sold at an average price of $136.00, for a total value of $34,408.00. Following the completion of the sale, the chief financial officer now owns 11,069 shares in the company, valued at $1,505,384. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP John A. Ziegler sold 190 shares of Arch Resources stock in a transaction dated Thursday, October 13th. The shares were sold at an average price of $136.00, for a total transaction of $25,840.00. Following the completion of the transaction, the vice president now directly owns 15,086 shares of the company’s stock, valued at approximately $2,051,696. The disclosure for this sale can be found here. Company insiders own 8.00% of the company’s stock.

Arch Resources Stock Up 0.4 %

Arch Resources stock traded up $0.59 during midday trading on Thursday, reaching $155.74. The stock had a trading volume of 282,774 shares, compared to its average volume of 481,230. The stock has a market capitalization of $2.82 billion, a P/E ratio of 2.95 and a beta of 0.69. The firm’s fifty day simple moving average is $140.27 and its 200-day simple moving average is $146.67. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.95 and a current ratio of 2.49. Arch Resources, Inc. has a 1-year low of $73.54 and a 1-year high of $183.53.

Arch Resources (NYSE:ARCHGet Rating) last posted its quarterly earnings data on Thursday, October 27th. The energy company reported $8.68 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $9.14 by ($0.46). Arch Resources had a net margin of 29.61% and a return on equity of 111.61%. The business had revenue of $863.80 million during the quarter, compared to analyst estimates of $746.73 million. During the same quarter last year, the business earned $4.92 earnings per share. Arch Resources’s revenue for the quarter was up 45.3% on a year-over-year basis. As a group, analysts expect that Arch Resources, Inc. will post 51.45 EPS for the current fiscal year.

Arch Resources Announces Dividend

The firm also recently declared a None dividend, which will be paid on Thursday, December 15th. Shareholders of record on Wednesday, November 30th will be given a dividend of $10.75 per share. The ex-dividend date is Tuesday, November 29th. This represents a yield of 7.7%. Arch Resources’s dividend payout ratio (DPR) is presently 1.89%.

Analysts Set New Price Targets

Several brokerages recently issued reports on ARCH. B. Riley boosted their price objective on Arch Resources from $214.00 to $221.00 in a research report on Friday, October 28th. BMO Capital Markets increased their price objective on shares of Arch Resources from $150.00 to $185.00 in a research report on Friday, October 28th. Finally, StockNews.com lowered shares of Arch Resources from a “buy” rating to a “hold” rating in a report on Monday, October 31st.

Arch Resources Profile

(Get Rating)

Arch Resources, Inc produces and sells thermal and metallurgical coal from surface and underground mines. As of December 31, 2021, the company operated seven active mines. It also owned or controlled primarily through long-term leases approximately 28,292 acres of coal land in Ohio; 952 acres of coal land in Maryland; 10,095 acres of coal land in Virginia; 306,033 acres of coal land in West Virginia; 81,470 acres of coal land in Wyoming; 234,543 acres of coal land in Illinois; 33,047 acres of coal land in Kentucky; 362 acres of coal land in Montana; 248 acres of coal land in Pennsylvania; and 19,018 acres of coal land in Colorado, as well as smaller parcels of property in Alabama, Indiana, Washington, Arkansas, California, Utah, and Texas.

Featured Stories

Want to see what other hedge funds are holding ARCH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Arch Resources, Inc. (NYSE:ARCHGet Rating).

Institutional Ownership by Quarter for Arch Resources (NYSE:ARCH)

Receive News & Ratings for Arch Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Arch Resources and related companies with MarketBeat.com's FREE daily email newsletter.