Arch Resources, Inc. (NYSE:ARCH) Shares Bought by Maverick Capital Ltd.

Maverick Capital Ltd. increased its position in shares of Arch Resources, Inc. (NYSE:ARCH - Free Report) by 55.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,795 shares of the energy company's stock after purchasing an additional 3,510 shares during the period. Maverick Capital Ltd. owned 0.05% of Arch Resources worth $1,353,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of ARCH. Westchester Capital Management LLC acquired a new stake in Arch Resources during the third quarter worth $157,000. FMR LLC boosted its stake in Arch Resources by 159.5% during the third quarter. FMR LLC now owns 657,654 shares of the energy company's stock worth $90,862,000 after buying an additional 404,249 shares during the period. Algert Global LLC increased its position in shares of Arch Resources by 19.1% during the third quarter. Algert Global LLC now owns 9,480 shares of the energy company's stock valued at $1,310,000 after acquiring an additional 1,523 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Arch Resources by 6.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 190,202 shares of the energy company's stock worth $26,278,000 after acquiring an additional 11,884 shares during the last quarter. Finally, Thompson Siegel & Walmsley LLC boosted its position in shares of Arch Resources by 33.1% during the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 49,745 shares of the energy company's stock worth $6,873,000 after purchasing an additional 12,364 shares during the period. 88.14% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Jefferies Financial Group lowered Arch Resources from a "buy" rating to a "hold" rating and boosted their target price for the company from $155.00 to $165.00 in a research report on Wednesday, November 13th. Benchmark reissued a "buy" rating and set a $180.00 target price on shares of Arch Resources in a research note on Monday, November 18th. StockNews.com assumed coverage on Arch Resources in a research report on Wednesday. They issued a "hold" rating for the company. Finally, B. Riley reduced their price target on shares of Arch Resources from $198.00 to $188.00 and set a "buy" rating on the stock in a research report on Friday, September 6th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $173.60.

Insiders Place Their Bets

In other Arch Resources news, VP Deck Slone sold 253 shares of the firm's stock in a transaction on Monday, October 14th. The shares were sold at an average price of $144.75, for a total transaction of $36,621.75. Following the transaction, the vice president now directly owns 29,120 shares of the company's stock, valued at approximately $4,215,120. This trade represents a 0.86 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 5.40% of the stock is owned by corporate insiders.

Arch Resources Trading Down 0.8 %

NYSE:ARCH traded down $1.44 during mid-day trading on Friday, hitting $171.92. The stock had a trading volume of 76,421 shares, compared to its average volume of 391,579. Arch Resources, Inc. has a twelve month low of $116.44 and a twelve month high of $187.60. The company has a market capitalization of $3.11 billion, a PE ratio of 18.06 and a beta of 0.59. The stock has a 50-day simple moving average of $151.19 and a two-hundred day simple moving average of $148.32.

Arch Resources (NYSE:ARCH - Get Free Report) last issued its earnings results on Tuesday, November 5th. The energy company reported ($0.34) EPS for the quarter, missing analysts' consensus estimates of $1.83 by ($2.17). The firm had revenue of $617.90 million for the quarter, compared to analyst estimates of $587.71 million. Arch Resources had a return on equity of 13.22% and a net margin of 6.69%. The business's revenue for the quarter was down 17.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.91 EPS. Sell-side analysts predict that Arch Resources, Inc. will post 5.86 EPS for the current fiscal year.

Arch Resources Announces Dividend

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

Arch Resources 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.