State of New Jersey Common Pension Fund D Grows Holdings in Arch Resources, Inc. (NYSE:ARCH)

State of New Jersey Common Pension Fund D lifted its holdings in shares of Arch Resources, Inc. (NYSE:ARCH - Free Report) by 44.8% in the third quarter, according to its most recent filing with the SEC. The firm owned 16,107 shares of the energy company's stock after acquiring an additional 4,986 shares during the period. State of New Jersey Common Pension Fund D owned approximately 0.09% of Arch Resources worth $2,225,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the company. CWM LLC boosted its holdings 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 buying an additional 99 shares during the last quarter. Blue Trust Inc. grew its stake in shares of Arch Resources by 5,500.0% in the second quarter. Blue Trust Inc. now owns 336 shares of the energy company's stock worth $54,000 after purchasing an additional 330 shares during the last quarter. Innealta Capital LLC acquired a new stake in Arch Resources during the second quarter worth approximately $55,000. Headlands Technologies LLC acquired a new position in Arch Resources during the 1st quarter valued at about $69,000. Finally, Virtus Investment Advisers Inc. purchased a new stake in shares of Arch Resources during the 1st quarter valued at $149,000. Institutional investors and hedge funds own 88.14% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on ARCH shares. Benchmark restated a "buy" rating and issued a $180.00 target price on shares of Arch Resources in a research report on Friday, July 26th. StockNews.com began coverage on Arch Resources in a research note on Monday. They issued a "hold" rating for the company. Jefferies Financial Group lowered Arch Resources from a "buy" rating to a "hold" rating and raised their price objective for the company from $155.00 to $165.00 in a research report on Wednesday. Finally, B. Riley decreased their price target on shares of Arch Resources from $198.00 to $188.00 and set a "buy" rating for the company in a research note on Friday, September 6th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $173.60.

Insider Activity at Arch Resources

In other news, VP Deck Slone sold 253 shares of the stock in a transaction that occurred on Monday, October 14th. The stock was 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 in the company, valued at approximately $4,215,120. This trade represents a 0.86 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 5.40% of the stock is currently owned by company insiders.

Arch Resources Price Performance

Shares of NYSE:ARCH traded up $0.95 during trading on Friday, reaching $164.40. 84,115 shares of the company's stock traded hands, compared to its average volume of 402,662. Arch Resources, Inc. has a 12 month low of $116.44 and a 12 month high of $187.60. The stock has a market capitalization of $2.98 billion, a P/E ratio of 17.33 and a beta of 0.59. The company has a 50 day moving average of $141.05 and a 200-day moving average of $147.63.

Arch Resources (NYSE:ARCH - Get Free Report) last posted its quarterly earnings results on Tuesday, November 5th. The energy company reported ($0.34) earnings per share for the quarter, missing the consensus estimate of $1.83 by ($2.17). Arch Resources had a net margin of 6.69% and a return on equity of 13.22%. The business had revenue of $617.90 million for the quarter, compared to analyst estimates of $587.71 million. During the same period in the previous year, the firm posted $3.91 earnings per share. The firm's quarterly revenue was down 17.0% on a year-over-year basis. Equities research 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. Stockholders of record on Friday, November 15th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.61%. The ex-dividend date of this dividend is Friday, November 15th. Arch Resources's payout ratio is 10.50%.

About Arch Resources

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.