Arch Resources, Inc. (NYSE:ARCH) Shares Purchased by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky boosted its stake in Arch Resources, Inc. (NYSE:ARCH) by 64.5% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,250 shares of the energy company’s stock after acquiring an additional 2,450 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Arch Resources were worth $951,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. CWM LLC increased its position in shares of Arch Resources by 132.0% during the second quarter. CWM LLC now owns 174 shares of the energy company’s stock worth $26,000 after purchasing an additional 99 shares in the last quarter. Newbridge Financial Services Group Inc. increased its position in Arch Resources by 1,900.0% during the fourth quarter. Newbridge Financial Services Group Inc. now owns 200 shares of the energy company’s stock worth $33,000 after buying an additional 190 shares during the period. Blue Trust Inc. lifted its stake in 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 buying an additional 330 shares during the last quarter. Innealta Capital LLC acquired a new stake in shares of Arch Resources in the second quarter valued at approximately $55,000. Finally, Scarborough Advisors LLC acquired a new stake in shares of Arch Resources in the fourth quarter valued at approximately $56,000. Institutional investors and hedge funds own 88.14% of the company’s stock.

Arch Resources Stock Up 2.3 %

Shares of Arch Resources stock opened at $138.18 on Friday. Arch Resources, Inc. has a one year low of $116.44 and a one year high of $187.60. The company has a market cap of $2.50 billion, a P/E ratio of 8.13 and a beta of 0.60. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.77 and a current ratio of 2.54. The firm has a fifty day moving average of $130.26 and a two-hundred day moving average of $149.74.

Arch Resources (NYSE:ARCH) last announced its quarterly earnings data on Thursday, July 25th. The energy company reported $0.81 EPS for the quarter, missing analysts’ consensus estimates 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 quarter in the previous year, the business earned $4.04 EPS. Arch Resources’s revenue for the quarter was down 19.6% on a year-over-year basis. On average, analysts forecast that Arch Resources, Inc. will post 10.73 earnings per share for the current year.

Arch Resources Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 13th. Investors 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 dividend on an annualized basis and a dividend yield of 0.72%. Arch Resources’s dividend payout ratio (DPR) is presently 5.88%.

Wall Street Analyst Weigh In

ARCH has been the subject of several research reports. Benchmark reiterated a “buy” rating and issued a $180.00 price target on shares of Arch Resources in a research report on Friday, July 26th. StockNews.com began coverage on shares of Arch Resources in a report on Wednesday. They issued a “hold” rating for the company. Finally, B. Riley lowered their price target 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 equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, Arch Resources has a consensus 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.