Vanguard Group Inc. Buys 219,094 Shares of Arch Resources, Inc. (NYSE:ARCH)

Vanguard Group Inc. boosted its position in Arch Resources, Inc. (NYSE:ARCH) by 11.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,061,209 shares of the energy company’s stock after acquiring an additional 219,094 shares during the quarter. Vanguard Group Inc. owned 11.23% of Arch Resources worth $342,037,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in ARCH. Stratos Wealth Advisors LLC raised its holdings in shares of Arch Resources by 1.1% during the 4th quarter. Stratos Wealth Advisors LLC now owns 5,599 shares of the energy company’s stock valued at $929,000 after buying an additional 63 shares in the last quarter. Unison Advisors LLC raised 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 acquiring an additional 119 shares in the last quarter. Hexagon Capital Partners LLC raised 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 acquiring an additional 132 shares in the last quarter. CVA Family Office LLC bought a new stake in shares of Arch Resources in the 4th quarter worth approximately $38,000. Finally, JTC Employer Solutions Trustee Ltd purchased a new stake in shares of Arch Resources in the 4th quarter valued at $52,000. Hedge funds and other institutional investors own 88.14% of the company’s stock.

Wall Street Analyst Weigh In

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

Arch Resources Stock Up 2.1 %

Shares of Arch Resources stock opened at $152.12 on Friday. The company’s fifty day simple moving average is $161.46 and its two-hundred day simple moving average is $165.35. Arch Resources, Inc. has a 12-month low of $108.25 and a 12-month high of $187.60. 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 company has a market cap of $2.76 billion, a P/E ratio of 8.95 and a beta of 0.66.

Arch Resources (NYSE:ARCH) last announced its quarterly earnings results on Monday, April 29th. The energy company reported $2.98 earnings per share (EPS) 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 analysts’ expectations of $596.52 million. Arch Resources had a net margin of 10.89% and a return on equity of 22.32%. Arch Resources’s quarterly revenue was down 21.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $10.02 earnings per share. Research analysts anticipate that Arch Resources, Inc. will post 12.82 EPS for the current year.

Arch Resources Cuts Dividend

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

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.