SG Americas Securities LLC Buys 4,071 Shares of Arch Resources, Inc. (NYSE:ARCH)

SG Americas Securities LLC boosted its holdings in shares of Arch Resources, Inc. (NYSE:ARCH - Free Report) by 191.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,193 shares of the energy company's stock after purchasing an additional 4,071 shares during the period. SG Americas Securities LLC's holdings in Arch Resources were worth $856,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in ARCH. Vanguard Group Inc. lifted its position in shares of Arch Resources by 13.9% in the 1st quarter. Vanguard Group Inc. now owns 2,347,568 shares of the energy company's stock valued at $377,465,000 after acquiring an additional 286,359 shares in the last quarter. Pacer Advisors Inc. lifted its position in shares of Arch Resources by 13.6% in the 2nd quarter. Pacer Advisors Inc. now owns 1,001,093 shares of the energy company's stock valued at $152,396,000 after acquiring an additional 119,505 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Arch Resources by 6.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 973,208 shares of the energy company's stock valued at $148,146,000 after acquiring an additional 58,821 shares in the last quarter. Maple Rock Capital Partners Inc. lifted its position in shares of Arch Resources by 3.0% in the 1st quarter. Maple Rock Capital Partners Inc. now owns 522,439 shares of the energy company's stock valued at $84,003,000 after acquiring an additional 15,000 shares in the last quarter. Finally, American Century Companies Inc. lifted its position in shares of Arch Resources by 14.1% in the 2nd quarter. American Century Companies Inc. now owns 478,990 shares of the energy company's stock valued at $72,917,000 after acquiring an additional 59,072 shares in the last quarter. 88.14% of the stock is owned by institutional investors and hedge funds.

Arch Resources Stock Up 0.9 %

Shares of ARCH traded up $1.24 during mid-day trading on Friday, hitting $145.80. 163,499 shares of the company's stock were exchanged, compared to its average volume of 409,662. The firm has a fifty day moving average of $130.37 and a two-hundred day moving average of $149.10. Arch Resources, Inc. has a twelve month low of $116.44 and a twelve month high of $187.60. The stock has a market cap of $2.64 billion, a price-to-earnings ratio of 8.58 and a beta of 0.60. The company has a quick ratio of 1.77, a current ratio of 2.54 and a debt-to-equity ratio of 0.07.

Arch Resources (NYSE:ARCH - Get Free Report) last announced its quarterly earnings results on Thursday, July 25th. The energy company reported $0.81 EPS for the quarter, missing the consensus estimate of $1.31 by ($0.50). Arch Resources had a return on equity of 17.91% and a net margin of 9.24%. The business had revenue of $608.75 million for the quarter, compared to analyst estimates of $562.23 million. During the same quarter last year, the company earned $4.04 EPS. The business's revenue for the quarter was down 19.6% compared to the same quarter last year. On average, sell-side analysts forecast that Arch Resources, Inc. will post 8.62 earnings per share for the current year.

Arch Resources Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, August 30th. This represents a $1.00 annualized dividend and a dividend yield of 0.69%. Arch Resources's dividend payout ratio (DPR) is 5.88%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. B. Riley reduced their price target on shares of Arch Resources from $198.00 to $188.00 and set a "buy" rating for the company in a research report on Friday, September 6th. Benchmark reiterated a "buy" rating and issued a $180.00 price objective on shares of Arch Resources in a research note on Friday, July 26th. Finally, StockNews.com started coverage on shares of Arch Resources in a research note on Thursday. They issued a "hold" rating on the stock. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $175.75.

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.