Arch Resources, Inc. (NYSE:ARCH) Position Boosted by Regal Partners Ltd

Regal Partners Ltd increased its position in Arch Resources, Inc. (NYSE:ARCH - Free Report) by 23.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 163,105 shares of the energy company's stock after purchasing an additional 31,076 shares during the quarter. Arch Resources accounts for 2.0% of Regal Partners Ltd's portfolio, making the stock its 17th largest position. Regal Partners Ltd owned 0.90% of Arch Resources worth $22,535,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Nisa Investment Advisors LLC boosted its stake in shares of Arch Resources by 5.1% in the second quarter. Nisa Investment Advisors LLC now owns 1,856 shares of the energy company's stock valued at $283,000 after purchasing an additional 90 shares during the period. CWM LLC boosted its stake in Arch Resources by 132.0% during the 2nd quarter. CWM LLC now owns 174 shares of the energy company's stock valued at $26,000 after acquiring an additional 99 shares during the last quarter. AlphaMark Advisors LLC boosted its stake in Arch Resources by 6.6% during the 2nd quarter. AlphaMark Advisors LLC now owns 1,956 shares of the energy company's stock valued at $298,000 after acquiring an additional 121 shares during the last quarter. Linden Thomas Advisory Services LLC boosted its stake in Arch Resources by 1.4% during the 2nd quarter. Linden Thomas Advisory Services LLC now owns 9,475 shares of the energy company's stock valued at $1,442,000 after acquiring an additional 127 shares during the last quarter. Finally, Hsbc Holdings PLC boosted its stake in Arch Resources by 6.5% during the 2nd quarter. Hsbc Holdings PLC now owns 2,250 shares of the energy company's stock valued at $343,000 after acquiring an additional 137 shares during the last quarter. 88.14% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have commented on ARCH. StockNews.com began coverage on shares of Arch Resources in a research note on Monday. They set a "hold" rating on the stock. Jefferies Financial Group downgraded shares of Arch Resources from a "buy" rating to a "hold" rating and increased their price objective for the company from $155.00 to $165.00 in a research note on Wednesday. Benchmark restated a "buy" rating and issued a $180.00 price target on shares of Arch Resources in a research report on Friday, July 26th. Finally, B. Riley reduced 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 report on Friday, September 6th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $173.60.

Arch Resources Stock Performance

Shares of Arch Resources stock traded down $1.39 during trading hours on Thursday, reaching $163.45. The company's stock had a trading volume of 397,137 shares, compared to its average volume of 404,103. The company's 50 day simple moving average is $140.27 and its 200 day simple moving average is $147.51. Arch Resources, Inc. has a one year low of $116.44 and a one year high of $187.60. The stock has a market cap of $2.96 billion, a P/E ratio of 17.32 and a beta of 0.59.

Arch Resources (NYSE:ARCH - Get Free Report) last released its quarterly earnings data on Tuesday, November 5th. The energy company reported ($0.34) earnings per share for the quarter, missing analysts' consensus estimates of $1.83 by ($2.17). Arch Resources had a return on equity of 13.22% and a net margin of 6.69%. The firm had revenue of $617.90 million during the quarter, compared to analyst estimates of $587.71 million. During the same period last year, the business earned $3.91 EPS. The firm's revenue was down 17.0% on a year-over-year basis. On average, sell-side analysts predict that Arch Resources, Inc. will post 5.86 earnings per share for the current fiscal year.

Arch Resources Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 26th. Investors of record on Friday, November 15th will be issued a $0.25 dividend. The ex-dividend date is Friday, November 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.61%. Arch Resources's dividend payout ratio (DPR) is presently 10.50%.

Insider Buying and Selling

In other Arch Resources news, VP Deck Slone sold 253 shares of the firm's stock in a transaction dated 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 owns 29,120 shares of the company's stock, valued at approximately $4,215,120. This trade represents a 0.86 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 5.40% of the company's stock.

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.