Charles Schwab Investment Management Inc. Increases Holdings in Arch Resources, Inc. (NYSE:ARCH)

Charles Schwab Investment Management Inc. grew its holdings in Arch Resources, Inc. (NYSE:ARCH) by 6.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 190,202 shares of the energy company’s stock after acquiring an additional 11,884 shares during the period. Charles Schwab Investment Management Inc. owned about 1.05% of Arch Resources worth $26,278,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in ARCH. CWM LLC grew its holdings in Arch Resources by 132.0% during the 2nd quarter. CWM LLC now owns 174 shares of the energy company’s stock valued at $26,000 after buying an additional 99 shares in the last quarter. Quest Partners LLC purchased a new stake in Arch Resources during the 3rd quarter valued at approximately $50,000. Blue Trust Inc. grew its holdings in Arch Resources by 5,500.0% during the 2nd quarter. Blue Trust Inc. now owns 336 shares of the energy company’s stock valued at $54,000 after buying an additional 330 shares in the last quarter. Innealta Capital LLC purchased a new stake in Arch Resources during the 2nd quarter valued at approximately $55,000. Finally, KBC Group NV grew its holdings in Arch Resources by 43.3% during the 3rd quarter. KBC Group NV now owns 569 shares of the energy company’s stock valued at $79,000 after buying an additional 172 shares in the last quarter. 88.14% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Arch Resources news, VP Deck Slone sold 253 shares of Arch Resources stock in a transaction on Monday, October 14th. The shares were sold at an average price of $144.75, for a total transaction of $36,621.75. Following the completion of the transaction, the vice president now directly owns 29,120 shares of the company’s stock, valued at $4,215,120. The trade was a 0.86 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 5.90% of the stock is owned by insiders.

Wall Street Analyst Weigh In

ARCH has been the subject of a number of research analyst reports. B. Riley cut their price objective on shares of Arch Resources from $198.00 to $188.00 and set a “buy” rating for the company in a report on Friday, September 6th. Jefferies Financial Group lowered shares of Arch Resources from a “buy” rating to a “hold” rating and increased their price objective for the company from $155.00 to $165.00 in a report on Wednesday, November 13th. Benchmark reaffirmed a “buy” rating and set a $180.00 price objective on shares of Arch Resources in a report on Monday, November 18th. Finally, StockNews.com started coverage on shares of Arch Resources in a report on Thursday. They issued a “hold” rating for the company. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, Arch Resources currently has an average rating of “Hold” and an average target price of $173.60.

Arch Resources Stock Performance

ARCH stock opened at $164.21 on Thursday. The firm has a fifty day moving average price of $153.29 and a 200 day moving average price of $148.55. Arch Resources, Inc. has a fifty-two week low of $116.44 and a fifty-two week high of $187.60. The firm has a market cap of $2.97 billion, a PE ratio of 17.25 and a beta of 0.64.

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

Arch Resources Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 26th. Shareholders of record on Friday, November 15th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.61%. The ex-dividend date was Friday, November 15th. Arch Resources’s payout ratio is 10.50%.

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.