GAMMA Investing LLC Buys 143 Shares of Arch Resources, Inc. (NYSE:ARCH)

GAMMA Investing LLC boosted its position in shares of Arch Resources, Inc. (NYSE:ARCH) by 340.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 185 shares of the energy company’s stock after purchasing an additional 143 shares during the period. GAMMA Investing LLC’s holdings in Arch Resources were worth $26,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. FMR LLC raised its holdings in Arch Resources by 159.5% during the third quarter. FMR LLC now owns 657,654 shares of the energy company’s stock worth $90,862,000 after acquiring an additional 404,249 shares in the last quarter. Holocene Advisors LP increased its position in shares of Arch Resources by 422.4% during the 3rd quarter. Holocene Advisors LP now owns 250,349 shares of the energy company’s stock worth $34,588,000 after purchasing an additional 202,425 shares during the last quarter. Pacer Advisors Inc. raised its stake in shares of Arch Resources by 13.6% during the 2nd quarter. Pacer Advisors Inc. now owns 1,001,093 shares of the energy company’s stock worth $152,396,000 after purchasing an additional 119,505 shares in the last quarter. First Eagle Investment Management LLC acquired a new stake in shares of Arch Resources in the 2nd quarter valued at approximately $11,813,000. Finally, Point72 Asset Management L.P. bought a new position in shares of Arch Resources in the third quarter valued at $9,828,000. Institutional investors and hedge funds own 88.14% of the company’s stock.

Arch Resources Stock Up 0.7 %

Shares of NYSE ARCH opened at $134.81 on Wednesday. The company has a market capitalization of $2.44 billion, a PE ratio of 14.16 and a beta of 0.69. Arch Resources, Inc. has a twelve month low of $116.44 and a twelve month high of $187.60. The firm has a fifty day simple moving average of $154.73 and a 200 day simple moving average of $144.79.

Arch Resources (NYSE:ARCH) last posted its quarterly earnings data 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 return on equity of 13.22% and a net margin of 6.69%. The business had revenue of $617.90 million during the quarter, compared to the consensus estimate of $587.71 million. During the same period last year, the business posted $3.91 earnings per share. The business’s revenue was down 17.0% on a year-over-year basis. As a group, equities analysts expect that Arch Resources, Inc. will post 5.86 earnings per share for the current fiscal year.

Arch Resources Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 26th. Shareholders of record on Friday, November 15th were issued a dividend of $0.25 per share. The ex-dividend date was Friday, November 15th. This represents a $1.00 annualized dividend and a yield of 0.74%. Arch Resources’s payout ratio is 10.50%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on ARCH. Piper Sandler raised shares of Arch Resources from a “neutral” rating to an “overweight” rating and dropped their target price for the company from $165.00 to $150.00 in a report on Monday, January 6th. Jefferies Financial Group upgraded Arch Resources from a “hold” rating to a “buy” rating and reduced their target price for the stock from $165.00 to $150.00 in a research note on Monday, January 6th. Benchmark reissued a “buy” rating and set a $180.00 target price on shares of Arch Resources in a report on Monday, November 18th. Finally, StockNews.com began coverage on shares of Arch Resources in a research report on Tuesday. They set a “hold” rating for the company. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, Arch Resources currently has an average rating of “Moderate Buy” and an average price target of $167.17.

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.