Intech Investment Management LLC Takes Position in Arch Resources, Inc. (NYSE:ARCH)

Intech Investment Management LLC purchased a new position in Arch Resources, Inc. (NYSE:ARCH - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 10,770 shares of the energy company's stock, valued at approximately $1,488,000. Intech Investment Management LLC owned about 0.06% of Arch Resources as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in ARCH. CWM LLC lifted its stake in Arch Resources by 132.0% in the second quarter. CWM LLC now owns 174 shares of the energy company's stock worth $26,000 after purchasing an additional 99 shares during the last quarter. Quest Partners LLC bought a new stake in Arch Resources in the third quarter worth $50,000. Blue Trust Inc. lifted its stake in Arch Resources by 5,500.0% in the second quarter. Blue Trust Inc. now owns 336 shares of the energy company's stock worth $54,000 after purchasing an additional 330 shares during the last quarter. Innealta Capital LLC bought a new position in shares of Arch Resources during the second quarter valued at about $55,000. Finally, KBC Group NV raised its stake 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 acquiring an additional 172 shares during the last quarter. 88.14% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Arch Resources news, VP Deck Slone sold 253 shares of the company's stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $144.75, for a total value of $36,621.75. Following the sale, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 5.40% of the company's stock.

Arch Resources Stock Performance

Shares of NYSE ARCH traded down $1.18 during midday trading on Tuesday, hitting $174.37. 278,181 shares of the company traded hands, compared to its average volume of 399,322. Arch Resources, Inc. has a 12-month low of $116.44 and a 12-month high of $187.60. The stock has a 50-day moving average price of $148.48 and a 200 day moving average price of $148.01. The firm has a market cap of $3.16 billion, a P/E ratio of 18.32 and a beta of 0.59.

Arch Resources (NYSE:ARCH - Get Free Report) last announced its quarterly earnings data 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 revenue for the quarter was down 17.0% compared to the same quarter last year. During the same quarter last year, the company posted $3.91 EPS. As a group, equities analysts expect that Arch Resources, Inc. will post 5.86 earnings per share for the current year.

Arch Resources Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 26th. Shareholders of record on Friday, November 15th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.57%. The ex-dividend date is Friday, November 15th. Arch Resources's dividend payout ratio (DPR) is presently 10.50%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on ARCH. StockNews.com began coverage on shares of Arch Resources in a research note on Tuesday, November 19th. They set a "hold" rating for the company. Benchmark reaffirmed a "buy" rating and set a $180.00 price objective on shares of Arch Resources in a research note on Monday, November 18th. Jefferies Financial Group downgraded shares of Arch Resources from a "buy" rating to a "hold" rating and upped their price objective for the company from $155.00 to $165.00 in a research note on Wednesday, November 13th. Finally, B. Riley reduced their price target on shares of Arch Resources from $198.00 to $188.00 and set a "buy" rating on the stock 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 company's stock. According to MarketBeat, Arch Resources currently has an average rating of "Hold" and a consensus 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.