Fmr LLC Has $90.86 Million Holdings in Arch Resources, Inc. (NYSE:ARCH)

FMR LLC boosted its stake in Arch Resources, Inc. (NYSE:ARCH - Free Report) by 159.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 657,654 shares of the energy company's stock after buying an additional 404,249 shares during the quarter. FMR LLC owned approximately 3.63% of Arch Resources worth $90,862,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the stock. Intech Investment Management LLC bought a new stake in shares of Arch Resources in the 3rd quarter worth about $1,488,000. Envestnet Asset Management Inc. bought a new position 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 purchasing an additional 50,819 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Arch Resources by 6.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 973,208 shares of the energy company's stock worth $148,146,000 after buying an additional 58,821 shares in the last quarter. Finally, Denali Advisors LLC grew its holdings 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 acquiring an additional 5,500 shares during the last quarter. 88.14% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, VP Deck Slone sold 253 shares of the business'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 in the company, valued at approximately $4,215,120. The trade was a 0.86 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 5.40% of the stock is owned by corporate insiders.

Analyst Ratings Changes

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

Arch Resources Stock Performance

NYSE:ARCH traded down $9.15 on Friday, reaching $155.29. The company's stock had a trading volume of 227,639 shares, compared to its average volume of 392,881. The firm has a market cap of $2.81 billion, a PE ratio of 17.27 and a beta of 0.64. The business's 50-day moving average price is $153.84 and its two-hundred day moving average price is $148.66. 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 released its quarterly earnings results 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 company had revenue of $617.90 million during the quarter, compared to analyst estimates of $587.71 million. Arch Resources had a net margin of 6.69% and a return on equity of 13.22%. The firm's quarterly revenue was down 17.0% compared to the same quarter last year. During the same quarter last year, the company earned $3.91 EPS. As a group, sell-side analysts expect that Arch Resources, Inc. will post 5.86 EPS for the current year.

Arch Resources Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 26th. Stockholders of record on Friday, November 15th were paid 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 dividend yield of 0.64%. Arch Resources's dividend payout ratio is currently 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.