Pacer Advisors Inc. Buys 119,505 Shares of Arch Resources, Inc. (NYSE:ARCH)

Pacer Advisors Inc. increased its position in Arch Resources, Inc. (NYSE:ARCH) by 13.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,001,093 shares of the energy company’s stock after purchasing an additional 119,505 shares during the period. Pacer Advisors Inc. owned 5.53% of Arch Resources worth $152,396,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Principal Financial Group Inc. raised its position in Arch Resources by 23.7% in the 4th quarter. Principal Financial Group Inc. now owns 13,940 shares of the energy company’s stock worth $2,313,000 after buying an additional 2,675 shares during the last quarter. Avantax Advisory Services Inc. purchased a new stake in Arch Resources during the 4th quarter valued at $242,000. Dynamic Technology Lab Private Ltd raised its stake in shares of Arch Resources by 135.2% in the fourth quarter. Dynamic Technology Lab Private Ltd now owns 3,999 shares of the energy company’s stock valued at $664,000 after acquiring an additional 2,299 shares during the period. Trexquant Investment LP bought a new stake in Arch Resources in the fourth quarter worth about $3,147,000. Finally, Chesapeake Capital Corp IL bought a new stake in shares of Arch Resources during the 4th quarter worth approximately $1,156,000. 88.14% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Arch Resources Stock Down 1.3 %

Shares of ARCH opened at $128.27 on Friday. The stock’s 50 day moving average is $133.56 and its two-hundred day moving average is $152.45. Arch Resources, Inc. has a 12 month low of $116.44 and a 12 month high of $187.60. The firm 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.

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

Arch Resources Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.78%. The ex-dividend date of this dividend was Friday, August 30th. Arch Resources’s dividend payout ratio is currently 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.