Intech Investment Management LLC Makes New $1.49 Million Investment in Arch Resources, Inc. (NYSE:ARCH)

Intech Investment Management LLC purchased a new stake in shares of Arch Resources, Inc. (NYSE:ARCH) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 10,770 shares of the energy company’s stock, valued at approximately $1,488,000. Intech Investment Management LLC owned 0.06% of Arch Resources as of its most recent SEC filing.

Several other large investors have also made changes to their positions in ARCH. Vanguard Group Inc. lifted its stake in shares of Arch Resources by 13.9% during the first quarter. Vanguard Group Inc. now owns 2,347,568 shares of the energy company’s stock valued at $377,465,000 after acquiring an additional 286,359 shares during the period. Pacer Advisors Inc. lifted its stake in shares of Arch Resources by 13.6% during the second quarter. Pacer Advisors Inc. now owns 1,001,093 shares of the energy company’s stock valued at $152,396,000 after acquiring an additional 119,505 shares during the period. First Eagle Investment Management LLC acquired a new position in shares of Arch Resources during the second quarter valued at $11,813,000. Alpine Associates Management Inc. acquired a new position in shares of Arch Resources during the third quarter valued at $8,404,000. Finally, American Century Companies Inc. lifted its stake in shares of Arch Resources by 14.1% during the second quarter. American Century Companies Inc. now owns 478,990 shares of the energy company’s stock valued at $72,917,000 after acquiring an additional 59,072 shares during the period. Institutional investors and hedge funds own 88.14% of the company’s stock.

Arch Resources Trading Up 1.1 %

NYSE ARCH opened at $175.55 on Tuesday. The stock has a 50-day simple moving average of $147.52 and a 200 day simple moving average of $147.92. The company has a market capitalization of $3.18 billion, a PE ratio of 18.44 and a beta of 0.59. Arch Resources, Inc. has a 12 month low of $116.44 and a 12 month high of $187.60.

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

Arch Resources Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 26th. Shareholders of record on Friday, November 15th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.00 annualized dividend and a dividend yield of 0.57%. Arch Resources’s dividend payout ratio (DPR) is currently 10.50%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on ARCH. B. Riley cut their price target on Arch Resources from $198.00 to $188.00 and set a “buy” rating on the stock in a research note on Friday, September 6th. Benchmark reiterated a “buy” rating and issued a $180.00 price objective on shares of Arch Resources in a report on Monday, November 18th. StockNews.com began coverage on Arch Resources in a report on Tuesday, November 19th. They issued a “hold” rating for the company. Finally, Jefferies Financial Group downgraded Arch Resources from a “buy” rating to a “hold” rating and upped their price objective for the company from $155.00 to $165.00 in a report on Wednesday, November 13th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, Arch Resources presently has a consensus rating of “Hold” and a consensus target price of $173.60.

Insiders Place Their Bets

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

Arch Resources Company Profile

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.