Barclays PLC Increases Stock Position in Arch Resources, Inc. (NYSE:ARCH)

Barclays PLC increased its stake in Arch Resources, Inc. (NYSE:ARCH - Free Report) by 143.8% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 51,602 shares of the energy company's stock after acquiring an additional 30,437 shares during the quarter. Barclays PLC owned about 0.28% of Arch Resources worth $7,130,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the stock. CWM LLC boosted its position in shares of Arch Resources by 132.0% during the 2nd quarter. CWM LLC now owns 174 shares of the energy company's stock valued at $26,000 after purchasing an additional 99 shares in the last quarter. Blue Trust Inc. increased its stake in shares of Arch Resources by 5,500.0% in the 2nd quarter. Blue Trust Inc. now owns 336 shares of the energy company's stock valued at $54,000 after acquiring an additional 330 shares in the last quarter. Innealta Capital LLC acquired a new position in shares of Arch Resources during the 2nd quarter valued at $55,000. Quest Partners LLC acquired a new position in shares of Arch Resources during the 3rd quarter valued at $50,000. Finally, KBC Group NV raised its holdings in shares of Arch Resources by 43.3% during 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 institutional investors.

Arch Resources Stock Down 1.6 %

Arch Resources stock traded down $2.30 during midday trading on Thursday, hitting $143.63. 179,552 shares of the stock were exchanged, compared to its average volume of 385,935. Arch Resources, Inc. has a 52-week low of $116.44 and a 52-week high of $187.60. The business's 50-day moving average price is $156.52 and its 200-day moving average price is $147.43. The stock has a market capitalization of $2.60 billion, a price-to-earnings ratio of 15.09 and a beta of 0.64.

Arch Resources (NYSE:ARCH - Get Free Report) last announced its earnings results on Tuesday, November 5th. The energy company reported ($0.34) earnings per share for the quarter, missing analysts' consensus estimates of $1.83 by ($2.17). The business had revenue of $617.90 million during the quarter, compared to analysts' expectations of $587.71 million. Arch Resources had a return on equity of 13.22% and a net margin of 6.69%. Arch Resources's quarterly revenue was down 17.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.91 EPS. On average, 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 announced 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. This represents a $1.00 annualized dividend and a dividend yield of 0.70%. The ex-dividend date of this dividend was Friday, November 15th. Arch Resources's dividend payout ratio is presently 10.50%.

Wall Street Analysts Forecast Growth

ARCH has been the subject of several research reports. StockNews.com started coverage on shares of Arch Resources in a research report on Friday, December 13th. They issued a "hold" rating for the company. B. Riley decreased their target price on shares of Arch Resources from $198.00 to $188.00 and set a "buy" rating for the company in a research report on Friday, September 6th. Benchmark reaffirmed a "buy" rating and issued a $180.00 price target on shares of Arch Resources in a research report on Monday, November 18th. Finally, Jefferies Financial Group lowered 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 report on Wednesday, November 13th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, Arch Resources presently has a consensus rating of "Hold" and an average price target of $173.60.

Insider Transactions 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 value of $36,621.75. Following 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 document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 5.40% 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.