Nisa Investment Advisors LLC Has $67,000 Stake in Arch Resources, Inc. (NYSE:ARCH)

Nisa Investment Advisors LLC reduced its stake in Arch Resources, Inc. (NYSE:ARCH) by 27.3% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 477 shares of the energy company’s stock after selling 179 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Arch Resources were worth $67,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in ARCH. Trium Capital LLP bought a new stake in Arch Resources during the fourth quarter valued at about $21,109,000. Accurate Wealth Management LLC lifted its position in shares of Arch Resources by 33.8% during the 4th quarter. Accurate Wealth Management LLC now owns 12,409 shares of the energy company’s stock worth $1,661,000 after purchasing an additional 3,132 shares during the last quarter. GAMMA Investing LLC boosted its stake in Arch Resources by 340.5% during the 4th quarter. GAMMA Investing LLC now owns 185 shares of the energy company’s stock valued at $26,000 after purchasing an additional 143 shares during the period. JPMorgan Chase & Co. boosted its stake in Arch Resources by 7.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 129,733 shares of the energy company’s stock valued at $17,924,000 after purchasing an additional 8,976 shares during the period. Finally, Franklin Resources Inc. grew its holdings in Arch Resources by 7.4% in the 3rd quarter. Franklin Resources Inc. now owns 12,240 shares of the energy company’s stock valued at $1,785,000 after buying an additional 843 shares during the last quarter. Institutional investors own 88.14% of the company’s stock.

Arch Resources Stock Performance

Shares of ARCH stock opened at $134.83 on Friday. The firm has a fifty day moving average of $146.93 and a 200-day moving average of $142.65. The stock has a market cap of $2.44 billion, a price-to-earnings ratio of 14.16 and a beta of 0.69. Arch Resources, Inc. has a 52-week low of $116.44 and a 52-week high of $187.60.

Arch Resources (NYSE:ARCH) last posted its quarterly earnings results on Tuesday, November 5th. The energy company reported ($0.34) earnings per share (EPS) for the quarter, missing the consensus estimate of $1.83 by ($2.17). The business had revenue of $617.90 million during the quarter, compared to analyst estimates of $587.71 million. Arch Resources had a return on equity of 13.22% and a net margin of 6.69%. The business’s revenue for the quarter was down 17.0% on a year-over-year basis. During the same period last year, the company earned $3.91 EPS. On average, sell-side analysts predict that Arch Resources, Inc. will post 5.02 earnings per share for the current year.

Arch Resources Announces Dividend

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

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on ARCH shares. Piper Sandler raised Arch Resources from a “neutral” rating to an “overweight” rating and reduced their price objective for the company from $165.00 to $150.00 in a research report on Monday, January 6th. Jefferies Financial Group raised shares of Arch Resources from a “hold” rating to a “buy” rating and reduced their price target for the company from $165.00 to $150.00 in a report on Monday, January 6th. StockNews.com began coverage on shares of Arch Resources in a research report on Thursday. They issued a “hold” rating on the stock. Finally, Benchmark reiterated a “buy” rating and issued a $180.00 target price on shares of Arch Resources in a research note on Monday, November 18th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Arch Resources presently has an average rating of “Moderate Buy” and a consensus target price of $167.17.

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.