Quadrature Capital Ltd Acquires Shares of 2,122 Arch Resources, Inc. (NYSE:ARCH)

Quadrature Capital Ltd acquired a new stake in shares of Arch Resources, Inc. (NYSE:ARCH) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 2,122 shares of the energy company’s stock, valued at approximately $352,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in ARCH. Vanguard Group Inc. raised its position in shares of Arch Resources by 11.9% in the fourth quarter. Vanguard Group Inc. now owns 2,061,209 shares of the energy company’s stock valued at $342,037,000 after buying an additional 219,094 shares during the last quarter. ICA Group Wealth Management LLC acquired a new stake in shares of Arch Resources in the fourth quarter valued at about $53,000. Goldman Sachs Group Inc. raised its position in shares of Arch Resources by 9.8% in the fourth quarter. Goldman Sachs Group Inc. now owns 182,870 shares of the energy company’s stock valued at $30,345,000 after buying an additional 16,273 shares during the last quarter. Scarborough Advisors LLC acquired a new stake in shares of Arch Resources in the fourth quarter valued at about $56,000. Finally, Readystate Asset Management LP raised its position in shares of Arch Resources by 27.1% in the fourth quarter. Readystate Asset Management LP now owns 8,899 shares of the energy company’s stock valued at $1,477,000 after buying an additional 1,899 shares during the last quarter. 88.14% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Arch Resources Price Performance

Shares of ARCH opened at $150.66 on Tuesday. 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 $2.73 billion, a PE ratio of 8.86 and a beta of 0.66. The firm has a 50-day simple moving average of $162.61 and a two-hundred day simple moving average of $165.75. 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 announced its quarterly earnings results on Monday, April 29th. The energy company reported $2.98 earnings per share for the quarter, beating 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 analysts’ expectations of $596.52 million. During the same period last year, the business earned $10.02 earnings per share. The business’s revenue for the quarter was down 21.8% on a year-over-year basis. As a group, analysts forecast that Arch Resources, Inc. will post 12.82 EPS for the current year.

Arch Resources Cuts Dividend

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

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.