Janney Montgomery Scott LLC Increases Stock Position in Arch Resources, Inc. (NYSE:ARCH)

Janney Montgomery Scott LLC lifted its holdings in shares of Arch Resources, Inc. (NYSE:ARCH) by 17.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 18,390 shares of the energy company’s stock after acquiring an additional 2,760 shares during the period. Janney Montgomery Scott LLC owned 0.10% of Arch Resources worth $2,541,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. CWM LLC lifted its holdings 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 acquiring an additional 99 shares during the period. Blue Trust Inc. lifted its holdings 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 acquiring an additional 330 shares during the period. Innealta Capital LLC acquired a new stake in Arch Resources in the second quarter valued at $55,000. Headlands Technologies LLC acquired a new stake in Arch Resources in the first quarter valued at $69,000. Finally, Virtus Investment Advisers Inc. acquired a new stake in Arch Resources in the first quarter valued at $149,000. 88.14% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on ARCH. Benchmark restated a “buy” rating and issued a $180.00 price target on shares of Arch Resources in a research report on Friday, July 26th. B. Riley dropped their price target 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 Arch Resources in a research report on Monday. They issued a “hold” rating for the company. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $175.75.

Arch Resources Price Performance

ARCH opened at $170.55 on Tuesday. The stock has a market capitalization of $3.09 billion, a price-to-earnings ratio of 17.91 and a beta of 0.59. The business has a 50-day moving average of $138.13 and a two-hundred day moving average of $147.34. Arch Resources, Inc. has a 12 month low of $116.44 and a 12 month high of $187.60.

Arch Resources (NYSE:ARCH) last issued its earnings results on Tuesday, November 5th. The energy company reported ($0.34) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.83 by ($2.17). Arch Resources had a return on equity of 13.22% and a net margin of 6.69%. The firm had revenue of $617.90 million for the quarter, compared to analysts’ expectations of $587.71 million. During the same quarter in the previous year, the firm posted $3.91 EPS. The firm’s revenue for the quarter was down 17.0% compared to the same quarter last year. Equities research analysts anticipate that Arch Resources, Inc. will post 5.86 earnings per share for the current year.

Arch Resources Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 26th. Stockholders of record on Friday, November 15th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.59%. The ex-dividend date is Friday, November 15th. Arch Resources’s payout ratio is currently 10.50%.

Insider Transactions at Arch Resources

In other Arch Resources news, VP Deck Slone sold 253 shares of the company’s stock in a transaction that occurred on Monday, October 14th. The stock was sold at an average price of $144.75, for a total value of $36,621.75. Following the completion of the transaction, the vice president now owns 29,120 shares in the company, valued at $4,215,120. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 5.40% of the company’s stock.

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.