Charles Schwab Investment Management Inc. Has $26.28 Million Position in Arch Resources, Inc. (NYSE:ARCH)

Charles Schwab Investment Management Inc. raised its stake in Arch Resources, Inc. (NYSE:ARCH - Free Report) by 6.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 190,202 shares of the energy company's stock after acquiring an additional 11,884 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 1.05% of Arch Resources worth $26,278,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in ARCH. Intech Investment Management LLC purchased a new stake in Arch Resources during the 3rd quarter worth approximately $1,488,000. Envestnet Asset Management Inc. purchased a new stake in Arch Resources in the 2nd quarter valued at $8,700,000. Allspring Global Investments Holdings LLC grew its holdings in shares of Arch Resources by 437.6% during the third quarter. Allspring Global Investments Holdings LLC now owns 62,433 shares of the energy company's stock worth $8,626,000 after buying an additional 50,819 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Arch Resources by 6.4% in the second quarter. Dimensional Fund Advisors LP now owns 973,208 shares of the energy company's stock valued at $148,146,000 after purchasing an additional 58,821 shares during the period. Finally, Denali Advisors LLC raised its position in Arch Resources by 36.4% during the 2nd quarter. Denali Advisors LLC now owns 20,600 shares of the energy company's stock worth $3,136,000 after buying an additional 5,500 shares during the last quarter. 88.14% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have recently commented on ARCH. Benchmark reiterated a "buy" rating and set a $180.00 price target on shares of Arch Resources in a report on Monday, November 18th. Jefferies Financial Group downgraded shares of Arch Resources from a "buy" rating to a "hold" rating and boosted their target price for the stock from $155.00 to $165.00 in a research report on Wednesday, November 13th. StockNews.com began coverage on shares of Arch Resources in a research note on Thursday. They set a "hold" rating for the company. Finally, B. Riley cut their target price on Arch Resources from $198.00 to $188.00 and set a "buy" rating for the company in a research report on Friday, September 6th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $173.60.

Insiders Place Their Bets

In other news, VP Deck Slone sold 253 shares of the firm's 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 transaction, the vice president now owns 29,120 shares in the company, valued at $4,215,120. This trade represents a 0.86 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 5.40% of the company's stock.

Arch Resources Stock Performance

Shares of ARCH stock traded up $0.26 during mid-day trading on Thursday, reaching $164.44. The company's stock had a trading volume of 124,151 shares, compared to its average volume of 393,584. The company has a market cap of $2.98 billion, a P/E ratio of 17.25 and a beta of 0.64. The firm's 50-day moving average is $153.29 and its two-hundred day moving average is $148.55. 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 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 net margin of 6.69% and a return on equity of 13.22%. The firm had revenue of $617.90 million for the quarter, compared to analyst estimates of $587.71 million. During the same period last year, the company earned $3.91 EPS. The company's revenue was down 17.0% compared to the same quarter last year. Sell-side analysts anticipate that Arch Resources, Inc. will post 5.86 EPS for the current year.

Arch Resources Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 26th. Shareholders of record on Friday, November 15th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, November 15th. This represents a $1.00 annualized dividend and a yield of 0.61%. Arch Resources's dividend payout ratio is presently 10.50%.

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.