Dimensional Fund Advisors LP Has $148.15 Million Stock Holdings in Arch Resources, Inc. (NYSE:ARCH)

Dimensional Fund Advisors LP lifted its position in shares of Arch Resources, Inc. (NYSE:ARCH) by 6.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 973,208 shares of the energy company’s stock after acquiring an additional 58,821 shares during the quarter. Dimensional Fund Advisors LP owned approximately 5.37% of Arch Resources worth $148,146,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Nisa Investment Advisors LLC boosted its holdings in shares of Arch Resources by 5.1% during the 2nd quarter. Nisa Investment Advisors LLC now owns 1,856 shares of the energy company’s stock valued at $283,000 after acquiring an additional 90 shares in the last quarter. CWM LLC raised 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 purchasing an additional 99 shares during the last quarter. Lindbrook Capital LLC raised its position in Arch Resources by 99.0% during the 1st quarter. Lindbrook Capital LLC now owns 201 shares of the energy company’s stock worth $32,000 after purchasing an additional 100 shares during the last quarter. AlphaMark Advisors LLC raised its position in Arch Resources by 6.6% during the 2nd quarter. AlphaMark Advisors LLC now owns 1,956 shares of the energy company’s stock worth $298,000 after purchasing an additional 121 shares during the last quarter. Finally, Linden Thomas Advisory Services LLC raised its position in Arch Resources by 1.4% during the 2nd quarter. Linden Thomas Advisory Services LLC now owns 9,475 shares of the energy company’s stock worth $1,442,000 after purchasing an additional 127 shares during the last quarter. Institutional investors and hedge funds own 88.14% of the company’s stock.

Analysts Set New Price Targets

ARCH has been the subject of several analyst reports. StockNews.com initiated coverage on Arch Resources in a research report on Monday, September 16th. They set a “hold” rating for the company. B. Riley lowered 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 issued a $180.00 price objective on shares of Arch Resources in a research report on Friday, July 26th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $175.75.

Arch Resources Stock Performance

ARCH stock opened at $128.27 on Friday. The stock has a 50-day moving average price of $133.56 and a 200-day moving average price of $152.26. Arch Resources, Inc. has a 1-year low of $116.44 and a 1-year high of $187.60. The company has a current ratio of 2.54, a quick ratio of 1.77 and a debt-to-equity ratio of 0.07. The firm has a market cap of $2.32 billion, a PE ratio of 7.55 and a beta of 0.60.

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

Arch Resources Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.78%. The ex-dividend date was Friday, August 30th. Arch Resources’s payout ratio is 5.88%.

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.