JPMorgan Chase & Co. Has $17.92 Million Stock Holdings in Arch Resources, Inc. (NYSE:ARCH)

JPMorgan Chase & Co. increased its position in Arch Resources, Inc. (NYSE:ARCH - Free Report) by 7.4% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 129,733 shares of the energy company's stock after purchasing an additional 8,976 shares during the period. JPMorgan Chase & Co. owned 0.72% of Arch Resources worth $17,924,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Intech Investment Management LLC purchased a new stake in Arch Resources during the 3rd quarter valued at approximately $1,488,000. Barclays PLC increased its holdings in shares of Arch Resources by 143.8% in the third quarter. Barclays PLC now owns 51,602 shares of the energy company's stock valued at $7,130,000 after purchasing an additional 30,437 shares during the period. Envestnet Asset Management Inc. purchased a new stake in shares of Arch Resources during the second quarter worth approximately $8,700,000. Maverick Capital Ltd. lifted its holdings in shares of Arch Resources by 55.8% during the third quarter. Maverick Capital Ltd. now owns 9,795 shares of the energy company's stock worth $1,353,000 after purchasing an additional 3,510 shares during the period. Finally, Mork Capital Management LLC grew its position in Arch Resources by 50.0% in the 3rd quarter. Mork Capital Management LLC now owns 15,000 shares of the energy company's stock valued at $2,072,000 after buying an additional 5,000 shares during the last quarter. 88.14% of the stock is owned by institutional investors and hedge funds.

Arch Resources Stock Performance

ARCH traded down $6.44 on Friday, reaching $134.03. 338,785 shares of the company's stock were exchanged, compared to its average volume of 310,198. Arch Resources, Inc. has a twelve month low of $116.44 and a twelve month high of $187.60. The company's 50 day moving average is $155.15 and its 200-day moving average is $145.06. The company has a market cap of $2.43 billion, a price-to-earnings ratio of 14.08 and a beta of 0.69.

Arch Resources (NYSE:ARCH - Get Free Report) last issued its earnings results 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 business had revenue of $617.90 million during the quarter, compared to analysts' expectations 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% on a year-over-year basis. During the same period in the prior year, the business posted $3.91 EPS. Sell-side analysts forecast that Arch Resources, Inc. will post 5.86 EPS for the current year.

Arch Resources Announces Dividend

The company 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. This represents a $1.00 dividend on an annualized basis and a yield of 0.75%. The ex-dividend date was Friday, November 15th. Arch Resources's dividend payout ratio is presently 10.50%.

Insider Buying and Selling at Arch Resources

In other news, VP Deck Slone sold 253 shares of the business's stock in a transaction on Monday, October 14th. The stock was 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 of the company's stock, valued at approximately $4,215,120. The trade was a 0.86 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 5.90% of the stock is owned by insiders.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Piper Sandler upgraded shares of Arch Resources from a "neutral" rating to an "overweight" rating and reduced their target price for the stock from $165.00 to $150.00 in a research note on Monday. StockNews.com assumed coverage on Arch Resources in a report on Monday. They issued a "hold" rating on the stock. Benchmark reaffirmed a "buy" rating and set a $180.00 price target on shares of Arch Resources in a research note on Monday, November 18th. Finally, Jefferies Financial Group upgraded shares of Arch Resources from a "hold" rating to a "buy" rating and reduced their price objective for the company from $165.00 to $150.00 in a research note on Monday. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, Arch Resources currently has an average rating of "Moderate Buy" and an average price target of $167.17.

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.