Arch Resources, Inc. (NYSE:ARCH) Shares Bought by Goldman Sachs Group Inc.

Goldman Sachs Group Inc. raised its holdings in Arch Resources, Inc. (NYSE:ARCH) by 9.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 182,870 shares of the energy company’s stock after buying an additional 16,273 shares during the quarter. Goldman Sachs Group Inc. owned about 1.00% of Arch Resources worth $30,345,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Swiss National Bank purchased a new position in shares of Arch Resources in the 4th quarter valued at approximately $5,642,000. Crestline Management LP grew its holdings in shares of Arch Resources by 49.6% during the fourth quarter. Crestline Management LP now owns 44,296 shares of the energy company’s stock valued at $7,350,000 after buying an additional 14,696 shares during the last quarter. Advisors Asset Management Inc. grew its holdings in shares of Arch Resources by 35.3% during the third quarter. Advisors Asset Management Inc. now owns 62,030 shares of the energy company’s stock valued at $10,586,000 after buying an additional 16,185 shares during the last quarter. K.J. Harrison & Partners Inc acquired a new position in shares of Arch Resources in the 4th quarter valued at $1,493,000. Finally, Teacher Retirement System of Texas raised its stake in Arch Resources by 14.4% in the 4th quarter. Teacher Retirement System of Texas now owns 13,925 shares of the energy company’s stock worth $2,311,000 after acquiring an additional 1,754 shares during the last quarter. Institutional investors and hedge funds own 88.14% of the company’s stock.

Arch Resources Stock Performance

ARCH opened at $149.05 on Friday. The firm has a fifty day moving average price of $162.75 and a 200 day moving average price of $165.87. Arch Resources, Inc. has a 1 year low of $108.25 and a 1 year high of $187.60. The stock has a market cap of $2.70 billion, a P/E ratio of 8.77 and a beta of 0.66. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.64 and a quick ratio of 1.89.

Arch Resources (NYSE:ARCH) last issued its quarterly earnings data on Monday, April 29th. The energy company reported $2.98 earnings per share for the quarter, topping analysts’ consensus estimates of $2.79 by $0.19. Arch Resources had a net margin of 10.89% and a return on equity of 22.32%. The business had revenue of $680.19 million during the quarter, compared to the consensus estimate of $596.52 million. During the same quarter in the prior year, the firm posted $10.02 earnings per share. The company’s revenue was down 21.8% compared to the same quarter last year. Equities research analysts anticipate that Arch Resources, Inc. will post 12.82 earnings per share for the current year.

Arch Resources Cuts Dividend

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

Analyst Ratings Changes

Several brokerages have recently issued reports on ARCH. BMO Capital Markets restated a “market perform” rating and issued a $165.00 price objective (down from $180.00) on shares of Arch Resources in a research note on Wednesday, April 10th. Benchmark restated a “buy” rating and set a $180.00 price objective on shares of Arch Resources in a research note on Monday, April 22nd. StockNews.com downgraded shares of Arch Resources from a “buy” rating to a “hold” rating in a report on Thursday, March 7th. Citigroup restated a “neutral” rating and set a $170.00 target price (down from $185.00) on shares of Arch Resources in a research report on Thursday, April 18th. Finally, B. Riley lowered their price target on shares of Arch Resources from $198.00 to $193.00 and set a “buy” rating on the stock in a report on Monday, April 15th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, Arch Resources presently has a consensus rating of “Hold” and a consensus price target of $177.00.

Arch Resources Company 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.