Empowered Funds LLC Increases Stock Holdings in Arch Resources, Inc. (NYSE:ARCH)

Empowered Funds LLC boosted its stake in shares of Arch Resources, Inc. (NYSE:ARCH - Free Report) by 12.1% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 68,024 shares of the energy company's stock after acquiring an additional 7,364 shares during the period. Empowered Funds LLC owned 0.38% of Arch Resources worth $9,398,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of ARCH. 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 acquiring an additional 99 shares during the last quarter. Blue Trust Inc. lifted its position in Arch Resources by 5,500.0% during the second quarter. Blue Trust Inc. now owns 336 shares of the energy company's stock valued at $54,000 after purchasing an additional 330 shares during the last quarter. Innealta Capital LLC purchased a new position in shares of Arch Resources in the 2nd quarter worth $55,000. KBC Group NV increased its holdings in shares of Arch Resources by 43.3% in the 3rd quarter. KBC Group NV now owns 569 shares of the energy company's stock worth $79,000 after buying an additional 172 shares during the last quarter. Finally, Virtus Investment Advisers Inc. purchased a new stake in shares of Arch Resources during the 1st quarter valued at about $149,000. 88.14% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, VP Deck Slone sold 253 shares of Arch Resources stock in a transaction that occurred on Monday, October 14th. The shares were 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 of the company's stock, valued at $4,215,120. The trade was a 0.86 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 5.40% of the stock is currently owned by insiders.

Arch Resources Stock Performance

ARCH traded up $0.94 during trading on Friday, hitting $164.14. 198,422 shares of the stock were exchanged, compared to its average volume of 403,177. Arch Resources, Inc. has a 1 year low of $116.44 and a 1 year high of $187.60. The firm has a market cap of $2.97 billion, a price-to-earnings ratio of 17.22 and a beta of 0.59. The firm has a 50 day simple moving average of $141.93 and a 200 day simple moving average of $147.62.

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

Arch Resources Announces Dividend

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

Analyst Upgrades and Downgrades

ARCH has been the subject of several recent research reports. B. Riley dropped their price target 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. StockNews.com started coverage on Arch Resources in a report on Monday, November 11th. They issued a "hold" rating on the stock. Jefferies Financial Group lowered Arch Resources from a "buy" rating to a "hold" rating and increased their target price for the stock from $155.00 to $165.00 in a research note on Wednesday. Finally, Benchmark reissued a "buy" rating and set a $180.00 target price on shares of Arch Resources in a research note on Friday, July 26th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to MarketBeat.com, Arch Resources presently has a consensus rating of "Hold" and an average price target of $173.60.

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.