Exchange Traded Concepts LLC Has $1.09 Million Stake in Arch Resources, Inc. (NYSE:ARCH)

Exchange Traded Concepts LLC grew its stake in shares of Arch Resources, Inc. (NYSE:ARCH - Free Report) by 103.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,869 shares of the energy company's stock after purchasing an additional 3,999 shares during the period. Exchange Traded Concepts LLC's holdings in Arch Resources were worth $1,087,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in Arch Resources by 13.9% during the 1st quarter. Vanguard Group Inc. now owns 2,347,568 shares of the energy company's stock worth $377,465,000 after acquiring an additional 286,359 shares during the period. Pacer Advisors Inc. increased its stake in 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 buying an additional 119,505 shares during the period. Principal Financial Group Inc. lifted its position in Arch Resources by 681.4% in the 1st quarter. Principal Financial Group Inc. now owns 108,929 shares of the energy company's stock worth $17,515,000 after buying an additional 94,989 shares in the last quarter. First Eagle Investment Management LLC acquired a new stake in shares of Arch Resources during the 2nd quarter valued at $11,813,000. Finally, American Century Companies Inc. grew its holdings in shares of Arch Resources by 14.1% during 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 currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ARCH has been the topic of several analyst reports. B. Riley dropped 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 note on Friday, September 6th. StockNews.com began coverage on Arch Resources in a report on Thursday, October 10th. They set a "hold" rating on the stock. Finally, Benchmark reissued a "buy" rating and issued a $180.00 price objective on shares of Arch Resources in a research note on Friday, July 26th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $175.75.

Insider Buying and Selling at Arch Resources

In other news, VP Deck Slone sold 253 shares of the business's stock in a transaction that occurred 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 transaction, the vice president now directly owns 29,120 shares of the company's stock, valued at $4,215,120. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 5.40% of the company's stock.

Arch Resources Stock Performance

ARCH traded down $2.72 during trading on Thursday, reaching $142.46. 334,819 shares of the company's stock were exchanged, compared to its average volume of 405,654. The company has a market capitalization of $2.58 billion, a P/E ratio of 8.38 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. The business has a 50 day moving average price of $131.44 and a 200 day moving average price of $148.65. Arch Resources, Inc. has a fifty-two week low of $116.44 and a fifty-two week high of $187.60.

Arch Resources (NYSE:ARCH - Get Free Report) last posted its quarterly earnings results on Thursday, July 25th. The energy company reported $0.81 earnings per share (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 during the quarter, compared to analyst estimates of $562.23 million. During the same period last year, the company earned $4.04 EPS. The business's revenue for the quarter was down 19.6% on a year-over-year basis. As a group, analysts predict that Arch Resources, Inc. will post 8.62 earnings per share for the current fiscal year.

Arch Resources Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.70%. The ex-dividend date was Friday, August 30th. Arch Resources's dividend payout ratio is currently 5.88%.

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.