Holocene Advisors LP Has $34.59 Million Stock Holdings in Arch Resources, Inc. (NYSE:ARCH)

Holocene Advisors LP grew its holdings in Arch Resources, Inc. (NYSE:ARCH - Free Report) by 422.4% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 250,349 shares of the energy company's stock after buying an additional 202,425 shares during the quarter. Holocene Advisors LP owned 1.38% of Arch Resources worth $34,588,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Nisa Investment Advisors LLC grew its holdings in Arch Resources by 5.1% in the 2nd quarter. Nisa Investment Advisors LLC now owns 1,856 shares of the energy company's stock valued at $283,000 after buying an additional 90 shares in the last quarter. CWM LLC lifted its stake in Arch Resources by 132.0% during the 2nd quarter. CWM LLC now owns 174 shares of the energy company's stock worth $26,000 after acquiring an additional 99 shares in the last quarter. AlphaMark Advisors LLC increased its holdings in Arch Resources by 6.6% during the 2nd quarter. AlphaMark Advisors LLC now owns 1,956 shares of the energy company's stock worth $298,000 after purchasing an additional 121 shares during the period. Linden Thomas Advisory Services LLC increased its holdings in Arch Resources by 1.4% during the 2nd quarter. Linden Thomas Advisory Services LLC now owns 9,475 shares of the energy company's stock worth $1,442,000 after purchasing an additional 127 shares during the period. Finally, Hsbc Holdings PLC increased its holdings in shares of Arch Resources by 6.5% in the 2nd quarter. Hsbc Holdings PLC now owns 2,250 shares of the energy company's stock valued at $343,000 after acquiring an additional 137 shares during the last quarter. 88.14% of the stock is currently owned by hedge funds and other institutional investors.

Arch Resources Trading Down 0.5 %

Shares of Arch Resources stock traded down $0.77 during trading hours on Tuesday, reaching $168.03. The stock had a trading volume of 95,280 shares, compared to its average volume of 395,255. The firm has a 50 day simple moving average of $152.00 and a two-hundred day simple moving average of $148.39. The firm has a market capitalization of $3.04 billion, a price-to-earnings ratio of 17.73 and a beta of 0.64. 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 data 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 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%. The business's revenue for the quarter was down 17.0% compared to the same quarter last year. During the same quarter last year, the business earned $3.91 earnings per share. Sell-side analysts forecast that Arch Resources, Inc. will post 5.86 EPS for the current year.

Arch Resources Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 26th. Investors 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 dividend yield of 0.60%. Arch Resources's payout ratio is currently 10.50%.

Insider Activity at Arch Resources

In other Arch Resources news, VP Deck Slone sold 253 shares of Arch Resources stock in a transaction that occurred on Monday, October 14th. The stock was sold at an average price of $144.75, for a total transaction of $36,621.75. Following the sale, the vice president now directly owns 29,120 shares in the company, valued at $4,215,120. The trade was a 0.86 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 5.90% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on ARCH. B. Riley dropped their price target on Arch Resources from $198.00 to $188.00 and set a "buy" rating on the stock in a research note on Friday, September 6th. Jefferies Financial Group cut Arch Resources from a "buy" rating to a "hold" rating and raised their price target for the company from $155.00 to $165.00 in a report on Wednesday, November 13th. Benchmark reissued a "buy" rating and issued a $180.00 price target on shares of Arch Resources in a report on Monday, November 18th. Finally, StockNews.com started coverage on Arch Resources in a report on Wednesday, November 27th. They set a "hold" rating for the company. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $173.60.

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.