Fmr LLC Grows Position in Arch Resources, Inc. (NYSE:ARCH)

Fmr LLC boosted its position in shares of Arch Resources, Inc. (NYSE:ARCH) by 159.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 657,654 shares of the energy company’s stock after buying an additional 404,249 shares during the period. Fmr LLC owned 3.63% of Arch Resources worth $90,862,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. CWM LLC lifted its position in Arch Resources by 132.0% during the 2nd quarter. CWM LLC now owns 174 shares of the energy company’s stock worth $26,000 after acquiring an additional 99 shares during the period. Quest Partners LLC acquired a new stake in shares of Arch Resources during the third quarter worth $50,000. Blue Trust Inc. grew its position in Arch Resources by 5,500.0% in 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 during the last quarter. Innealta Capital LLC purchased a new position in Arch Resources in the 2nd quarter valued at $55,000. Finally, KBC Group NV increased its stake in Arch Resources by 43.3% in 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 during the period. Hedge funds and other institutional investors own 88.14% of the company’s stock.

Insiders Place Their Bets

In related news, VP Deck Slone sold 253 shares of the stock in a transaction on Monday, October 14th. The stock was sold at an average price of $144.75, for a total transaction of $36,621.75. Following the sale, the vice president now owns 29,120 shares of the company’s stock, valued at $4,215,120. This trade represents a 0.86 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 5.40% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

ARCH has been the topic of several analyst reports. Jefferies Financial Group downgraded shares of Arch Resources from a “buy” rating to a “hold” rating and lifted their target price for the company from $155.00 to $165.00 in a report on Wednesday, November 13th. Benchmark reaffirmed a “buy” rating and issued a $180.00 price objective on shares of Arch Resources in a report on Monday, November 18th. B. Riley cut their target price on Arch Resources from $198.00 to $188.00 and set a “buy” rating for the company in a research note on Friday, September 6th. Finally, StockNews.com assumed coverage on Arch Resources in a report on Thursday. They issued a “hold” rating for the company. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $173.60.

Arch Resources Trading Up 0.2 %

ARCH stock opened at $164.44 on Friday. The firm has a 50 day moving average of $153.84 and a 200-day moving average of $148.66. The company has a market cap of $2.98 billion, a price-to-earnings ratio of 17.27 and a beta of 0.64. 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 quarterly earnings data on Tuesday, November 5th. The energy company reported ($0.34) earnings per share (EPS) for the quarter, missing the consensus estimate 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 analyst estimates of $587.71 million. During the same period in the prior year, the firm posted $3.91 earnings per share. The business’s revenue for the quarter was down 17.0% compared to the same quarter last year. Sell-side analysts forecast that Arch Resources, Inc. will post 5.86 earnings per share for the current fiscal year.

Arch Resources Announces Dividend

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

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.