Forest Avenue Capital Management LP Has $19.10 Million Stock Position in Arch Resources, Inc. (NYSE:ARCH)

Forest Avenue Capital Management LP increased its stake in shares of Arch Resources, Inc. (NYSE:ARCH) by 8.8% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 125,453 shares of the energy company’s stock after acquiring an additional 10,158 shares during the period. Arch Resources comprises approximately 2.6% of Forest Avenue Capital Management LP’s investment portfolio, making the stock its 18th largest holding. Forest Avenue Capital Management LP owned 0.69% of Arch Resources worth $19,098,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of ARCH. CWM LLC raised its stake in Arch Resources by 132.0% in the second quarter. CWM LLC now owns 174 shares of the energy company’s stock valued at $26,000 after buying an additional 99 shares during the period. Lindbrook Capital LLC boosted its position in Arch Resources by 99.0% during the first quarter. Lindbrook Capital LLC now owns 201 shares of the energy company’s stock worth $32,000 after purchasing an additional 100 shares during the period. Newbridge Financial Services Group Inc. increased its holdings in shares of Arch Resources by 1,900.0% in the fourth quarter. Newbridge Financial Services Group Inc. now owns 200 shares of the energy company’s stock valued at $33,000 after purchasing an additional 190 shares during the last quarter. Blue Trust Inc. raised its position in shares of Arch Resources by 5,500.0% in the second quarter. Blue Trust Inc. now owns 336 shares of the energy company’s stock valued at $54,000 after purchasing an additional 330 shares during the period. Finally, Innealta Capital LLC bought a new position in shares of Arch Resources in the second quarter valued at about $55,000. 88.14% of the stock is currently owned by institutional investors.

Arch Resources Trading Down 1.3 %

Shares of ARCH stock opened at $128.27 on Friday. The stock has a market cap of $2.32 billion, a P/E ratio of 7.55 and a beta of 0.60. The company has a current ratio of 2.54, a quick ratio of 1.77 and a debt-to-equity ratio of 0.07. The stock has a 50 day simple moving average of $133.56 and a 200 day simple moving average of $152.45. Arch Resources, Inc. has a 1 year low of $116.44 and a 1 year high of $187.60.

Arch Resources (NYSE:ARCH) last issued its quarterly earnings results on Thursday, July 25th. The energy company reported $0.81 EPS for the quarter, missing analysts’ consensus estimates of $1.31 by ($0.50). The company had revenue of $608.75 million during the quarter, compared to the consensus estimate of $562.23 million. Arch Resources had a return on equity of 17.91% and a net margin of 9.24%. The firm’s revenue for the quarter was down 19.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $4.04 EPS. On average, research analysts predict that Arch Resources, Inc. will post 10.73 earnings per share for the current fiscal year.

Arch Resources Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were paid a $0.25 dividend. The ex-dividend date was Friday, August 30th. This represents a $1.00 annualized dividend and a dividend yield of 0.78%. Arch Resources’s payout ratio is 5.88%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on ARCH shares. Benchmark reissued a “buy” rating and issued a $180.00 price target on shares of Arch Resources in a report on Friday, July 26th. StockNews.com assumed coverage on Arch Resources in a report on Monday, September 16th. They set a “hold” rating for the company. Finally, B. Riley decreased their price objective on Arch Resources from $198.00 to $188.00 and set a “buy” rating on the stock in a report on Friday, September 6th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $175.75.

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.