Arch Resources, Inc. (NYSE:ARCH) Short Interest Down 12.2% in August

Arch Resources, Inc. (NYSE:ARCH) was the recipient of a significant drop in short interest during the month of August. As of August 31st, there was short interest totalling 1,010,000 shares, a drop of 12.2% from the August 15th total of 1,150,000 shares. Based on an average daily volume of 412,800 shares, the days-to-cover ratio is currently 2.4 days.

Hedge Funds Weigh In On Arch Resources

Several hedge funds and other institutional investors have recently made changes to their positions in ARCH. Vanguard Group Inc. grew its position in Arch Resources by 13.9% in the 1st quarter. Vanguard Group Inc. now owns 2,347,568 shares of the energy company’s stock valued at $377,465,000 after buying an additional 286,359 shares in the last quarter. Pacer Advisors Inc. lifted its stake in shares of Arch Resources by 13.6% in the 2nd quarter. Pacer Advisors Inc. now owns 1,001,093 shares of the energy company’s stock worth $152,396,000 after acquiring an additional 119,505 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Arch Resources by 6.4% in the second quarter. Dimensional Fund Advisors LP now owns 973,208 shares of the energy company’s stock valued at $148,146,000 after acquiring an additional 58,821 shares in the last quarter. Maple Rock Capital Partners Inc. increased its stake in shares of Arch Resources by 3.0% during the first quarter. Maple Rock Capital Partners Inc. now owns 522,439 shares of the energy company’s stock valued at $84,003,000 after acquiring an additional 15,000 shares during the period. Finally, American Century Companies Inc. raised its holdings in Arch Resources by 14.1% during the second quarter. American Century Companies Inc. now owns 478,990 shares of the energy company’s stock worth $72,917,000 after purchasing an additional 59,072 shares in the last quarter. 88.14% of the stock is currently owned by institutional investors and hedge funds.

Arch Resources Stock Performance

NYSE ARCH traded down $1.55 during trading hours on Wednesday, hitting $124.64. The company had a trading volume of 204,983 shares, compared to its average volume of 415,421. The company has a quick ratio of 1.77, a current ratio of 2.54 and a debt-to-equity ratio of 0.07. The firm has a market cap of $2.26 billion, a P/E ratio of 7.33 and a beta of 0.60. Arch Resources has a fifty-two week low of $116.44 and a fifty-two week high of $187.60. The business has a fifty day simple moving average of $134.81 and a 200-day simple moving average of $152.95.

Arch Resources (NYSE:ARCH) last released its quarterly earnings data on Thursday, July 25th. The energy company reported $0.81 earnings per share for the quarter, missing analysts’ consensus estimates of $1.31 by ($0.50). The firm had revenue of $608.75 million during the quarter, compared to analyst estimates of $562.23 million. Arch Resources had a return on equity of 17.91% and a net margin of 9.24%. The firm’s revenue was down 19.6% on a year-over-year basis. During the same period last year, the business earned $4.04 EPS. Equities analysts predict that Arch Resources will post 10.73 EPS for the current year.

Arch Resources Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were issued a dividend of $0.25 per share. The ex-dividend date was Friday, August 30th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.80%. Arch Resources’s dividend payout ratio (DPR) is presently 5.88%.

Wall Street Analyst Weigh In

Several research firms have weighed in on ARCH. StockNews.com began coverage on shares of Arch Resources in a research note on Monday. They set a “hold” rating for the company. Benchmark reaffirmed a “buy” rating and set a $180.00 price objective on shares of Arch Resources in a research report on Friday, July 26th. Finally, B. Riley dropped their price objective on shares of Arch Resources from $198.00 to $188.00 and set a “buy” rating on the stock in a research note on Friday, September 6th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $175.75.

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.