Sanctuary Advisors LLC Purchases 238 Shares of Arch Resources, Inc. (NYSE:ARCH)

Sanctuary Advisors LLC raised its position in Arch Resources, Inc. (NYSE:ARCH) by 10.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,554 shares of the energy company’s stock after buying an additional 238 shares during the quarter. Sanctuary Advisors LLC’s holdings in Arch Resources were worth $353,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the company. Quest Partners LLC bought a new stake in shares of Arch Resources during the 3rd quarter valued at $50,000. KBC Group NV raised its stake in shares of 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 purchasing an additional 172 shares during the period. Blue Trust Inc. raised its stake in shares of Arch Resources by 191.1% during the 3rd quarter. Blue Trust Inc. now owns 978 shares of the energy company’s stock valued at $149,000 after purchasing an additional 642 shares during the period. Westchester Capital Management LLC bought a new stake in shares of Arch Resources during the 3rd quarter valued at $157,000. Finally, Mackenzie Financial Corp bought a new stake in shares of Arch Resources during the 2nd quarter valued at $218,000. 88.14% of the stock is currently owned by institutional investors.

Insider Buying and Selling

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

Analyst Ratings Changes

A number of analysts recently issued reports on ARCH shares. Jefferies Financial Group lowered Arch Resources from a “buy” rating to a “hold” rating and boosted their price objective for the company from $155.00 to $165.00 in a research note on Wednesday, November 13th. B. Riley reduced 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. StockNews.com began coverage on Arch Resources in a research report on Saturday, December 21st. They set a “hold” rating for the company. Finally, Benchmark restated a “buy” rating and set a $180.00 target price on shares of Arch Resources in a research report on Monday, November 18th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Arch Resources presently has an average rating of “Hold” and a consensus price target of $173.60.

Arch Resources Price Performance

ARCH opened at $136.56 on Friday. Arch Resources, Inc. has a one year low of $116.44 and a one year high of $187.60. The firm has a market capitalization of $2.47 billion, a price-to-earnings ratio of 14.34 and a beta of 0.64. The business has a 50 day simple moving average of $155.75 and a two-hundred day simple moving average of $146.11.

Arch Resources (NYSE:ARCH) last posted its quarterly 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). The company had revenue of $617.90 million during 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 business’s quarterly revenue was down 17.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $3.91 EPS. As a group, sell-side analysts expect that Arch Resources, Inc. will post 5.86 EPS for the current fiscal year.

Arch Resources Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 26th. Investors of record on Friday, November 15th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.73%. The ex-dividend date was Friday, November 15th. Arch Resources’s payout ratio is currently 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.