Jade Capital Advisors LLC acquired a new stake in shares of Arch Resources, Inc. (NYSE:ARCH - Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 5,000 shares of the energy company's stock, valued at approximately $691,000.
A number of other institutional investors have also made changes to their positions in the business. Vanguard Group Inc. grew its position in shares of Arch Resources by 11.9% during the 4th quarter. Vanguard Group Inc. now owns 2,061,209 shares of the energy company's stock worth $342,037,000 after buying an additional 219,094 shares during the period. Quadrature Capital Ltd acquired a new position in shares of Arch Resources in the 4th quarter valued at approximately $352,000. AlphaMark Advisors LLC grew its position in shares of Arch Resources by 14.8% in the 1st quarter. AlphaMark Advisors LLC now owns 1,835 shares of the energy company's stock valued at $295,000 after purchasing an additional 236 shares during the period. Allspring Global Investments Holdings LLC grew its position in shares of Arch Resources by 137.6% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 29,820 shares of the energy company's stock valued at $4,795,000 after purchasing an additional 17,270 shares during the period. Finally, Denali Advisors LLC acquired a new position in shares of Arch Resources in the 1st quarter valued at approximately $2,428,000. 88.14% of the stock is owned by institutional investors.
Analyst Ratings Changes
ARCH has been the topic of several recent research reports. Benchmark reiterated a "buy" rating and issued a $180.00 price target on shares of Arch Resources in a research note on Friday, July 26th. B. Riley lowered their price target 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. Finally, StockNews.com started coverage on shares of Arch Resources in a report on Friday. They set a "hold" rating on the stock. Three 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, the company presently has an average rating of "Hold" and a consensus target price of $175.75.
Check Out Our Latest Analysis on ARCH
Insider Transactions at Arch Resources
In related 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 completion of the sale, the vice president now directly owns 29,120 shares in the company, valued at approximately $4,215,120. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 5.40% of the company's stock.
Arch Resources Stock Performance
Shares of ARCH traded down $0.54 during trading hours on Tuesday, hitting $141.96. The company had a trading volume of 288,909 shares, compared to its average volume of 403,574. The business has a fifty day moving average of $132.19 and a 200-day moving average of $148.25. 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 firm has a market cap of $2.57 billion, a price-to-earnings ratio of 8.35 and a beta of 0.60. Arch Resources, Inc. has a 12 month low of $116.44 and a 12 month high of $187.60.
Arch Resources (NYSE:ARCH - Get Free Report) last released its quarterly earnings results on Thursday, July 25th. The energy company reported $0.81 earnings per share 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 firm had revenue of $608.75 million for the quarter, compared to analyst estimates of $562.23 million. During the same period in the previous year, the business posted $4.04 earnings per share. The business's revenue for the quarter was down 19.6% on a year-over-year basis. Equities analysts anticipate that Arch Resources, Inc. will post 8.62 EPS for the current fiscal year.
Arch Resources Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were given a dividend of $0.25 per share. The ex-dividend date was Friday, August 30th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.70%. Arch Resources's payout ratio is presently 5.88%.
About Arch Resources
(
Free Report)
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.
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