Symmetry Investments LP Makes New $3.44 Million Investment in Arch Resources, Inc. (NYSE:ARCH)

Symmetry Investments LP acquired a new stake in Arch Resources, Inc. (NYSE:ARCH) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 22,616 shares of the energy company’s stock, valued at approximately $3,443,000. Symmetry Investments LP owned 0.12% of Arch Resources as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in ARCH. Forest Avenue Capital Management LP raised its position in Arch Resources by 8.8% in the 2nd quarter. Forest Avenue Capital Management LP now owns 125,453 shares of the energy company’s stock valued at $19,098,000 after purchasing an additional 10,158 shares in the last quarter. Pacer Advisors Inc. raised its holdings in Arch Resources by 13.6% in the second quarter. Pacer Advisors Inc. now owns 1,001,093 shares of the energy company’s stock valued at $152,396,000 after acquiring an additional 119,505 shares in the last quarter. Goehring & Rozencwajg Associates LLC lifted its stake in Arch Resources by 13.6% in the second quarter. Goehring & Rozencwajg Associates LLC now owns 55,181 shares of the energy company’s stock worth $8,400,000 after acquiring an additional 6,600 shares during the last quarter. XTX Topco Ltd purchased a new position in Arch Resources in the second quarter worth approximately $225,000. Finally, First Eagle Investment Management LLC acquired a new position in Arch Resources during the 2nd quarter worth approximately $11,813,000. Institutional investors and hedge funds own 88.14% of the company’s stock.

Arch Resources Trading Down 1.3 %

NYSE:ARCH opened at $128.27 on Friday. Arch Resources, Inc. has a 12-month low of $116.44 and a 12-month high of $187.60. 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’s 50 day simple moving average is $133.56 and its 200-day simple moving average is $152.45. The firm has a market cap of $2.32 billion, a P/E ratio of 7.55 and a beta of 0.60.

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

Arch Resources Announces Dividend

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

Analysts Set New Price Targets

ARCH has been the subject of several recent analyst reports. B. Riley decreased their price objective on shares of Arch Resources from $198.00 to $188.00 and set a “buy” rating for the company in a research report on Friday, September 6th. StockNews.com started coverage on Arch Resources in a report on Monday, September 16th. They set a “hold” rating for the company. Finally, Benchmark reiterated a “buy” rating and issued a $180.00 price objective on shares of Arch Resources in a report on Friday, July 26th. Three research 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, the company presently has an average rating of “Hold” and a consensus price target of $175.75.

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.