Arch Resources (NYSE:ARCH) Coverage Initiated by Analysts at StockNews.com

StockNews.com initiated coverage on shares of Arch Resources (NYSE:ARCH - Free Report) in a report published on Sunday. The firm issued a hold rating on the energy company's stock.

A number of other research firms have also recently commented on ARCH. B. Riley cut their target price on Arch Resources from $198.00 to $188.00 and set a "buy" rating on the stock in a research report on Friday, September 6th. Benchmark reaffirmed a "buy" rating and issued a $180.00 target price on shares of Arch Resources in a report on Friday, July 26th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, Arch Resources presently has an average rating of "Hold" and a consensus target price of $175.75.

Arch Resources Stock Down 1.9 %

NYSE:ARCH traded down $2.76 during midday trading on Friday, hitting $144.00. 286,718 shares of the company were exchanged, compared to its average volume of 240,222. Arch Resources has a fifty-two week low of $116.44 and a fifty-two week high of $187.60. The company has a market capitalization of $2.60 billion, a PE ratio of 10.46 and a beta of 0.59. The company has a current ratio of 2.54, a quick ratio of 1.77 and a debt-to-equity ratio of 0.07. The company has a fifty day simple moving average of $135.30 and a 200 day simple moving average of $147.41.

Insiders Place Their Bets

In related news, VP Deck Slone sold 253 shares of Arch Resources stock in a transaction on Monday, October 14th. The shares were sold at an average price of $144.75, for a total value of $36,621.75. Following the transaction, the vice president now directly owns 29,120 shares in the company, valued at $4,215,120. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 5.40% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. CWM LLC increased its position 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 purchasing an additional 99 shares during the period. Blue Trust Inc. grew its holdings in Arch Resources by 5,500.0% during the second quarter. Blue Trust Inc. now owns 336 shares of the energy company's stock worth $54,000 after acquiring an additional 330 shares during the period. Innealta Capital LLC purchased a new position in Arch Resources in the second quarter worth $55,000. Headlands Technologies LLC acquired a new stake in Arch Resources in the first quarter valued at $69,000. Finally, Virtus Investment Advisers Inc. purchased a new stake in shares of Arch Resources during the 1st quarter worth $149,000. 88.14% of the stock is owned by hedge funds and other institutional investors.

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.