FCG Investment Co Acquires New Position in Arch Resources, Inc. (NYSE:ARCH)

FCG Investment Co bought a new stake in Arch Resources, Inc. (NYSE:ARCH - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 7,273 shares of the energy company's stock, valued at approximately $1,005,000.

Several other hedge funds have also recently modified their holdings of ARCH. Janney Montgomery Scott LLC grew its holdings in Arch Resources by 94.0% during the first quarter. Janney Montgomery Scott LLC now owns 13,986 shares of the energy company's stock worth $2,249,000 after acquiring an additional 6,778 shares during the period. Natixis acquired a new stake in shares of Arch Resources in the first quarter valued at about $2,892,000. Denali Advisors LLC purchased a new stake in Arch Resources during the first quarter worth about $2,428,000. Comerica Bank increased its holdings in Arch Resources by 29.6% in the first quarter. Comerica Bank now owns 22,551 shares of the energy company's stock valued at $3,626,000 after buying an additional 5,153 shares in the last quarter. Finally, Envestnet Asset Management Inc. acquired a new stake in shares of Arch Resources during the 2nd quarter valued at approximately $8,700,000. 88.14% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently issued reports on ARCH. Benchmark reaffirmed a "buy" rating and set a $180.00 price objective on shares of Arch Resources in a report on Friday, July 26th. B. Riley dropped their target price on shares of Arch Resources from $198.00 to $188.00 and set a "buy" rating for the company in a report on Friday, September 6th. Finally, StockNews.com initiated coverage on shares of Arch Resources in a report on Saturday. 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $175.75.

Insider Transactions at Arch Resources

In other Arch Resources news, VP Deck Slone sold 253 shares of Arch Resources 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 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 5.40% of the company's stock.

Arch Resources Trading Up 1.7 %

Shares of Arch Resources stock traded up $2.38 during trading hours on Monday, reaching $144.59. 158,935 shares of the company's stock were exchanged, compared to its average volume of 400,373. The firm has a market capitalization of $2.62 billion, a price-to-earnings ratio of 8.51 and a beta of 0.60. The company has a current ratio of 2.54, a quick ratio of 1.77 and a debt-to-equity ratio of 0.07. Arch Resources, Inc. has a 52-week low of $116.44 and a 52-week high of $187.60. The company has a fifty day moving average of $133.25 and a 200-day moving average of $147.95.

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). The company had revenue of $608.75 million for the quarter, compared to analysts' expectations of $562.23 million. Arch Resources had a return on equity of 17.91% and a net margin of 9.24%. The company's revenue was down 19.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $4.04 earnings per share. Sell-side analysts forecast that Arch Resources, Inc. will post 8.62 EPS for the current fiscal year.

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.