Arch Resources, Inc. (NYSE:ARCH) Shares Acquired by Royce & Associates LP

Royce & Associates LP boosted its stake in shares of Arch Resources, Inc. (NYSE:ARCH - Free Report) by 137.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,817 shares of the energy company's stock after acquiring an additional 6,256 shares during the quarter. Royce & Associates LP owned about 0.06% of Arch Resources worth $1,494,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of ARCH. Nisa Investment Advisors LLC grew its stake in Arch Resources by 5.1% in the second quarter. Nisa Investment Advisors LLC now owns 1,856 shares of the energy company's stock worth $283,000 after purchasing an additional 90 shares in the last quarter. CWM LLC raised its position in shares of Arch Resources by 132.0% in the 2nd quarter. CWM LLC now owns 174 shares of the energy company's stock valued at $26,000 after purchasing an additional 99 shares during the last quarter. AlphaMark Advisors LLC lifted its stake in shares of Arch Resources by 6.6% during the second quarter. AlphaMark Advisors LLC now owns 1,956 shares of the energy company's stock worth $298,000 after buying an additional 121 shares during the period. Linden Thomas Advisory Services LLC grew 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 purchasing an additional 127 shares during the last quarter. Finally, Hsbc Holdings PLC boosted its position in Arch Resources by 6.5% in the second quarter. Hsbc Holdings PLC now owns 2,250 shares of the energy company's stock valued at $343,000 after buying an additional 137 shares during the last quarter. Hedge funds and other institutional investors own 88.14% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. B. Riley cut 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. Benchmark restated a "buy" rating and set a $180.00 price objective on shares of Arch Resources in a research report on Monday. Jefferies Financial Group lowered Arch Resources from a "buy" rating to a "hold" rating and lifted their price target for the stock from $155.00 to $165.00 in a research note on Wednesday, November 13th. Finally, StockNews.com began coverage on Arch Resources in a report on Tuesday. They set a "hold" rating on the stock. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, Arch Resources has a consensus rating of "Hold" and an average target price of $173.60.

Insider Buying and Selling at Arch Resources

In other news, VP Deck Slone sold 253 shares of the business's stock in a transaction dated Monday, October 14th. The stock was sold at an average price of $144.75, for a total transaction of $36,621.75. Following the completion of the transaction, the vice president now directly owns 29,120 shares of the company's stock, valued at approximately $4,215,120. The trade was a 0.86 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 5.90% of the stock is currently owned by corporate insiders.

Arch Resources Stock Up 0.1 %

NYSE ARCH traded up $0.20 on Wednesday, reaching $167.72. The stock had a trading volume of 48,340 shares, compared to its average volume of 400,524. The stock has a fifty day moving average price of $143.78 and a two-hundred day moving average price of $147.57. Arch Resources, Inc. has a 12-month low of $116.44 and a 12-month high of $187.60. The firm has a market capitalization of $3.04 billion, a price-to-earnings ratio of 17.60 and a beta of 0.59.

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

Arch Resources Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 26th. Shareholders of record on Friday, November 15th will be issued a dividend of $0.25 per share. The ex-dividend date is Friday, November 15th. This represents a $1.00 dividend on an annualized basis and a yield of 0.60%. Arch Resources's dividend payout ratio (DPR) is presently 10.50%.

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.