Allspring Global Investments Holdings LLC Has $8.63 Million Stock Holdings in Arch Resources, Inc. (NYSE:ARCH)

Allspring Global Investments Holdings LLC lifted its stake in shares of Arch Resources, Inc. (NYSE:ARCH - Free Report) by 437.6% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 62,433 shares of the energy company's stock after purchasing an additional 50,819 shares during the period. Allspring Global Investments Holdings LLC owned 0.34% of Arch Resources worth $8,626,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. Vanguard Group Inc. lifted its position in shares of Arch Resources by 13.9% in the first quarter. Vanguard Group Inc. now owns 2,347,568 shares of the energy company's stock valued at $377,465,000 after buying an additional 286,359 shares during the last quarter. Pacer Advisors Inc. increased its holdings in shares of Arch Resources by 13.6% in the second quarter. Pacer Advisors Inc. now owns 1,001,093 shares of the energy company's stock valued at $152,396,000 after purchasing an additional 119,505 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Arch Resources by 6.4% in the second quarter. Dimensional Fund Advisors LP now owns 973,208 shares of the energy company's stock valued at $148,146,000 after purchasing an additional 58,821 shares during the period. Maple Rock Capital Partners Inc. lifted its stake in shares of Arch Resources by 3.0% during the 1st quarter. Maple Rock Capital Partners Inc. now owns 522,439 shares of the energy company's stock worth $84,003,000 after buying an additional 15,000 shares during the last quarter. Finally, American Century Companies Inc. boosted 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 worth $72,917,000 after buying an additional 59,072 shares during the period. Institutional investors and hedge funds own 88.14% of the company's stock.

Wall Street Analysts Forecast Growth

ARCH has been the subject of several research reports. StockNews.com started coverage on shares of Arch Resources in a research report on Saturday. They set a "hold" rating for the company. Benchmark restated a "buy" rating and issued a $180.00 price target on shares of Arch Resources in a research note on Friday, July 26th. Finally, B. Riley lowered their price objective 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. 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.com, Arch Resources has an average rating of "Hold" and an average target price of $175.75.

Arch Resources Price Performance

Shares of NYSE ARCH traded up $1.11 during midday trading on Friday, reaching $142.21. The company's stock had a trading volume of 166,368 shares, compared to its average volume of 401,540. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.77 and a current ratio of 2.54. The company has a market cap of $2.58 billion, a P/E ratio of 8.37 and a beta of 0.60. The business's 50 day moving average price is $133.25 and its two-hundred day moving average price is $148.01. 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 announced its quarterly earnings data 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 net margin of 9.24% and a return on equity of 17.91%. The company had revenue of $608.75 million during the quarter, compared to analyst estimates of $562.23 million. During the same period in the prior year, the firm earned $4.04 earnings per share. Arch Resources's revenue was down 19.6% on a year-over-year basis. On average, analysts forecast that Arch Resources, Inc. will post 8.62 EPS for the current fiscal year.

Insider Buying and Selling at Arch Resources

In related news, VP Deck Slone sold 253 shares of the 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 sale, the vice president now owns 29,120 shares in the company, valued at approximately $4,215,120. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 5.40% of the company's stock.

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.