Mork Capital Management LLC Has $2.07 Million Stake in Arch Resources, Inc. (NYSE:ARCH)

Mork Capital Management LLC boosted its position in shares of Arch Resources, Inc. (NYSE:ARCH - Free Report) by 50.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,000 shares of the energy company's stock after acquiring an additional 5,000 shares during the period. Arch Resources accounts for 1.5% of Mork Capital Management LLC's investment portfolio, making the stock its 10th biggest holding. Mork Capital Management LLC owned approximately 0.08% of Arch Resources worth $2,072,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Harvest Management LLC acquired a new position in Arch Resources during the 3rd quarter worth $1,464,000. Holocene Advisors LP increased its holdings in shares of Arch Resources by 422.4% during the 3rd quarter. Holocene Advisors LP now owns 250,349 shares of the energy company's stock worth $34,588,000 after purchasing an additional 202,425 shares during the period. Atom Investors LP increased its holdings in shares of Arch Resources by 20.4% during the 3rd quarter. Atom Investors LP now owns 15,276 shares of the energy company's stock worth $2,111,000 after purchasing an additional 2,588 shares during the period. Maverick Capital Ltd. increased its holdings in shares of Arch Resources by 55.8% during the 3rd 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, Westchester Capital Management LLC bought a new position in shares of Arch Resources during the 3rd quarter worth about $157,000. Institutional investors and hedge funds own 88.14% of the company's stock.

Insider Transactions at Arch Resources

In other news, VP Deck Slone sold 253 shares of the company's stock in a transaction that occurred 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. 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 is accessible through this link. 5.90% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. B. Riley dropped their price objective on shares of Arch Resources from $198.00 to $188.00 and set a "buy" rating on the stock in a report on Friday, September 6th. Jefferies Financial Group downgraded 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 report on Wednesday, November 13th. Benchmark reissued a "buy" rating and issued a $180.00 target price on shares of Arch Resources in a research note on Monday, November 18th. Finally, StockNews.com started coverage on shares of Arch Resources in a research note on Wednesday, November 27th. They issued a "hold" rating on the stock. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, Arch Resources has an average rating of "Hold" and a consensus price target of $173.60.

Arch Resources Stock Performance

Arch Resources stock traded down $4.08 during trading hours on Wednesday, hitting $164.18. 174,393 shares of the stock were exchanged, compared to its average volume of 394,331. The stock has a market capitalization of $2.97 billion, a P/E ratio of 17.69 and a beta of 0.64. Arch Resources, Inc. has a 12 month low of $116.44 and a 12 month high of $187.60. The business's 50-day moving average is $152.67 and its two-hundred day moving average is $148.44.

Arch Resources (NYSE:ARCH - Get Free Report) last issued 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 for the quarter, compared to the consensus estimate of $587.71 million. Arch Resources had a return on equity of 13.22% and a net margin of 6.69%. Arch Resources's quarterly revenue was down 17.0% compared to the same quarter last year. During the same period in the prior year, the company posted $3.91 earnings per share. On average, equities analysts predict that Arch Resources, Inc. will post 5.86 earnings per share for the current fiscal year.

Arch Resources Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 26th. Shareholders 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 yield of 0.61%. Arch Resources's dividend payout ratio is 10.50%.

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.