Arch Resources, Inc. (NYSE:ARCH) Shares Acquired by Newbridge Financial Services Group Inc.

Newbridge Financial Services Group Inc. grew its position in Arch Resources, Inc. (NYSE:ARCH) by 1,900.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 200 shares of the energy company’s stock after acquiring an additional 190 shares during the period. Newbridge Financial Services Group Inc.’s holdings in Arch Resources were worth $33,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the company. Stratos Wealth Advisors LLC increased its stake in shares of Arch Resources by 1.1% during the fourth quarter. Stratos Wealth Advisors LLC now owns 5,599 shares of the energy company’s stock worth $929,000 after purchasing an additional 63 shares in the last quarter. Covestor Ltd increased its stake in shares of Arch Resources by 61.4% during the third quarter. Covestor Ltd now owns 184 shares of the energy company’s stock worth $31,000 after purchasing an additional 70 shares in the last quarter. Unison Advisors LLC increased its stake in shares of Arch Resources by 2.5% during the fourth quarter. Unison Advisors LLC now owns 4,792 shares of the energy company’s stock worth $795,000 after purchasing an additional 119 shares in the last quarter. Hexagon Capital Partners LLC increased its stake in shares of Arch Resources by 188.6% during the fourth quarter. Hexagon Capital Partners LLC now owns 202 shares of the energy company’s stock worth $34,000 after purchasing an additional 132 shares in the last quarter. Finally, Amalgamated Bank increased its stake in shares of Arch Resources by 11.4% during the third quarter. Amalgamated Bank now owns 1,826 shares of the energy company’s stock worth $312,000 after purchasing an additional 187 shares in the last quarter. Institutional investors and hedge funds own 88.14% of the company’s stock.

Arch Resources Stock Up 1.4 %

Shares of NYSE ARCH opened at $156.55 on Wednesday. The company has a current ratio of 2.64, a quick ratio of 1.89 and a debt-to-equity ratio of 0.07. The stock has a market cap of $2.84 billion, a PE ratio of 9.21 and a beta of 0.66. The company has a 50-day moving average of $162.94 and a 200 day moving average of $166.13. Arch Resources, Inc. has a 12-month low of $108.25 and a 12-month high of $187.60.

Arch Resources (NYSE:ARCH) last posted its earnings results on Monday, April 29th. The energy company reported $2.98 earnings per share for the quarter, beating the consensus estimate of $2.79 by $0.19. The company had revenue of $680.19 million for the quarter, compared to analyst estimates of $596.52 million. Arch Resources had a net margin of 10.89% and a return on equity of 22.32%. Arch Resources’s revenue was down 21.8% on a year-over-year basis. During the same period in the previous year, the business posted $10.02 EPS. As a group, sell-side analysts predict that Arch Resources, Inc. will post 12.82 EPS for the current fiscal year.

Arch Resources Cuts Dividend

The company also recently announced a None dividend, which was paid on Friday, June 14th. Shareholders of record on Friday, May 31st were issued a $1.11 dividend. The ex-dividend date was Friday, May 31st. This represents a yield of 0.6%. Arch Resources’s payout ratio is 5.88%.

Analysts Set New Price Targets

A number of research firms have recently commented on ARCH. Citigroup reissued a “neutral” rating and set a $170.00 target price (down previously from $185.00) on shares of Arch Resources in a research note on Thursday, April 18th. Benchmark reissued a “buy” rating and set a $180.00 target price on shares of Arch Resources in a research note on Monday, April 22nd. BMO Capital Markets reaffirmed a “market perform” rating and set a $165.00 price objective (down previously from $180.00) on shares of Arch Resources in a research note on Wednesday, April 10th. StockNews.com cut shares of Arch Resources from a “buy” rating to a “hold” rating in a research note on Thursday, March 7th. Finally, B. Riley dropped their price objective on shares of Arch Resources from $198.00 to $193.00 and set a “buy” rating for the company in a research note on Monday, April 15th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $177.00.

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.