MML Investors Services LLC Buys Shares of 1,884 Arch Resources, Inc. (NYSE:ARCH)

MML Investors Services LLC purchased a new position in shares of Arch Resources, Inc. (NYSE:ARCH) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 1,884 shares of the energy company’s stock, valued at approximately $260,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of ARCH. K2 Principal Fund L.P. purchased a new position in Arch Resources during the third quarter worth about $345,000. Point72 Asset Management L.P. acquired a new position in shares of Arch Resources in the 3rd quarter worth approximately $9,828,000. Mork Capital Management LLC boosted its position in shares of Arch Resources by 50.0% during the 3rd quarter. Mork Capital Management LLC now owns 15,000 shares of the energy company’s stock worth $2,072,000 after purchasing an additional 5,000 shares during the period. Harvest Management LLC purchased a new position in shares of Arch Resources during the 3rd quarter worth approximately $1,464,000. Finally, Holocene Advisors LP increased its holdings in Arch Resources by 422.4% in the 3rd quarter. Holocene Advisors LP now owns 250,349 shares of the energy company’s stock valued at $34,588,000 after purchasing an additional 202,425 shares during the last quarter. 88.14% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Arch Resources

In related 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 directly owns 29,120 shares of the company’s stock, valued at $4,215,120. This represents a 0.86 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 5.90% of the stock is currently owned by corporate insiders.

Arch Resources Price Performance

ARCH stock opened at $138.14 on Thursday. The business’s 50-day moving average is $156.10 and its two-hundred day moving average is $146.43. The firm has a market capitalization of $2.50 billion, a P/E ratio of 14.51 and a beta of 0.64. Arch Resources, Inc. has a 1 year low of $116.44 and a 1 year 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 for the quarter, missing the consensus estimate of $1.83 by ($2.17). Arch Resources had a net margin of 6.69% and a return on equity of 13.22%. The firm had revenue of $617.90 million during the quarter, compared to analyst estimates of $587.71 million. During the same period last year, the business earned $3.91 EPS. The firm’s revenue was down 17.0% compared to the same quarter last year. On average, analysts expect that Arch Resources, Inc. will post 5.86 EPS for the current year.

Arch Resources Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 26th. Investors of record on Friday, November 15th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, November 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.72%. Arch Resources’s payout ratio is currently 10.50%.

Analyst Ratings Changes

A number of research analysts have commented on ARCH shares. Jefferies Financial Group cut Arch Resources from a “buy” rating to a “hold” rating and upped their price target for the stock from $155.00 to $165.00 in a research note on Wednesday, November 13th. StockNews.com started coverage on Arch Resources in a research note on Saturday, December 21st. They set a “hold” rating on the stock. B. Riley dropped their target price 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, Benchmark reissued a “buy” rating and set a $180.00 price target on shares of Arch Resources in a research report on Monday, November 18th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, Arch Resources presently has an average rating of “Hold” and a consensus price target of $173.60.

Arch Resources Company 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.