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Thompson Siegel & Walmsley LLC Raises Holdings in Arch Resources, Inc. (NYSE:ARCH)

Arch Resources logo with Oils/Energy background

Thompson Siegel & Walmsley LLC grew its holdings in Arch Resources, Inc. (NYSE:ARCH - Free Report) by 33.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 49,745 shares of the energy company's stock after purchasing an additional 12,364 shares during the quarter. Thompson Siegel & Walmsley LLC owned about 0.27% of Arch Resources worth $6,873,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in ARCH. Comerica Bank increased its stake 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 purchasing an additional 5,153 shares in the last quarter. Envestnet Asset Management Inc. bought a new stake in Arch Resources in the 2nd quarter valued at about $8,700,000. Virtu Financial LLC acquired a new position in Arch Resources during the 1st quarter worth approximately $604,000. CANADA LIFE ASSURANCE Co bought a new position in Arch Resources in the first quarter worth approximately $2,270,000. Finally, Allspring Global Investments Holdings LLC grew its stake in Arch Resources by 437.6% in the third quarter. Allspring Global Investments Holdings LLC now owns 62,433 shares of the energy company's stock valued at $8,626,000 after acquiring an additional 50,819 shares during the period. Institutional investors own 88.14% of the company's stock.

Arch Resources Trading Down 0.5 %

Shares of ARCH stock traded down $0.89 during trading hours on Friday, hitting $173.80. 248,899 shares of the company's stock were exchanged, compared to its average volume of 400,217. The company has a market capitalization of $3.15 billion, a PE ratio of 18.26 and a beta of 0.59. The business's 50 day simple moving average is $146.57 and its 200-day simple moving average is $147.99. Arch Resources, Inc. has a 12-month low of $116.44 and a 12-month high of $187.60.

Arch Resources (NYSE:ARCH - Get Free Report) last announced its earnings results on Tuesday, November 5th. The energy company reported ($0.34) EPS for the quarter, missing analysts' consensus estimates 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 the consensus estimate of $587.71 million. During the same quarter in the prior year, the company earned $3.91 EPS. Arch Resources's revenue was down 17.0% compared to the same quarter last year. Equities analysts anticipate that Arch Resources, Inc. will post 5.86 EPS for the current year.

Arch Resources Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 26th. Shareholders of record on Friday, November 15th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.00 dividend on an annualized basis and a yield of 0.58%. Arch Resources's dividend payout ratio is currently 10.50%.

Insider Transactions at Arch Resources

In other Arch Resources news, VP Deck Slone sold 253 shares of the business's stock in a transaction 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 completion of the sale, the vice president now directly owns 29,120 shares in the company, valued at approximately $4,215,120. The trade was a 0.86 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 5.40% of the company's stock.

Analysts Set New Price Targets

ARCH has been the subject of a number of recent research reports. Benchmark reissued a "buy" rating and set a $180.00 price objective on shares of Arch Resources in a report on Monday. B. Riley dropped their price objective on Arch Resources from $198.00 to $188.00 and set a "buy" rating on the stock in a research note on Friday, September 6th. StockNews.com initiated coverage on shares of Arch Resources in a research note on Tuesday. They issued a "hold" rating for the company. Finally, Jefferies Financial Group lowered shares of Arch Resources from a "buy" rating to a "hold" rating and raised their price target for the company from $155.00 to $165.00 in a research report on Wednesday, November 13th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $173.60.

Get Our Latest Analysis on ARCH

About Arch Resources

(Free Report)

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.

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Institutional Ownership by Quarter for Arch Resources (NYSE:ARCH)

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