Alpine Associates Management Inc. Acquires New Stake in Arch Resources, Inc. (NYSE:ARCH)

Alpine Associates Management Inc. bought a new stake in Arch Resources, Inc. (NYSE:ARCH - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 60,830 shares of the energy company's stock, valued at approximately $8,404,000. Alpine Associates Management Inc. owned approximately 0.34% of Arch Resources as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of ARCH. Nisa Investment Advisors LLC lifted its holdings in shares of Arch Resources by 5.1% in the second quarter. Nisa Investment Advisors LLC now owns 1,856 shares of the energy company's stock worth $283,000 after acquiring an additional 90 shares during the last quarter. CWM LLC raised its holdings in shares of Arch Resources by 132.0% in the 2nd quarter. CWM LLC now owns 174 shares of the energy company's stock valued at $26,000 after acquiring an additional 99 shares in the last quarter. AlphaMark Advisors LLC lifted its stake in Arch Resources by 6.6% in the second quarter. AlphaMark Advisors LLC now owns 1,956 shares of the energy company's stock worth $298,000 after purchasing an additional 121 shares during the last quarter. Linden Thomas Advisory Services LLC grew its holdings in shares of Arch Resources by 1.4% during the 2nd quarter. Linden Thomas Advisory Services LLC now owns 9,475 shares of the energy company's stock worth $1,442,000 after acquiring an additional 127 shares during the period. Finally, Hsbc Holdings PLC grew its holdings in shares of Arch Resources by 6.5% during the second quarter. Hsbc Holdings PLC now owns 2,250 shares of the energy company's stock valued at $343,000 after buying an additional 137 shares during the last quarter. Institutional investors and hedge funds own 88.14% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on ARCH. Benchmark reissued a "buy" rating and issued a $180.00 price target on shares of Arch Resources in a research report on Monday. StockNews.com assumed coverage on Arch Resources in a research note on Tuesday. They issued a "hold" rating for the company. B. Riley decreased their target price 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. Finally, Jefferies Financial Group downgraded shares of Arch Resources from a "buy" rating to a "hold" rating and increased their price objective for the company from $155.00 to $165.00 in a research report on Wednesday, November 13th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $173.60.

Arch Resources Stock Performance

Shares of NYSE ARCH traded down $0.22 during trading hours on Wednesday, hitting $167.30. 88,043 shares of the stock were exchanged, compared to its average volume of 400,700. The company has a market cap of $3.03 billion, a PE ratio of 17.60 and a beta of 0.59. The company's fifty day simple moving average is $143.78 and its two-hundred day simple moving average is $147.57. Arch Resources, Inc. has a 1-year low of $116.44 and a 1-year high of $187.60.

Arch Resources (NYSE:ARCH - Get Free Report) last issued its 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). The company had revenue of $617.90 million for the quarter, compared to the consensus estimate of $587.71 million. Arch Resources had a return on equity of 13.22% and a net margin of 6.69%. The firm's revenue was down 17.0% compared to the same quarter last year. During the same period in the prior year, the company earned $3.91 earnings per share. As a group, sell-side 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 will be paid on Tuesday, November 26th. Stockholders of record on Friday, November 15th will be issued a $0.25 dividend. The ex-dividend date is Friday, November 15th. This represents a $1.00 annualized dividend and a dividend yield of 0.60%. Arch Resources's payout ratio is currently 10.50%.

Insider Buying and Selling at Arch Resources

In related news, VP Deck Slone sold 253 shares of the company's stock in a transaction that occurred on Monday, October 14th. The stock was 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 $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 this hyperlink. 5.90% of the stock is currently owned by company insiders.

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.