SG Americas Securities LLC Lowers Position in Arch Resources, Inc. (NYSE:ARCH)

SG Americas Securities LLC cut its position in shares of Arch Resources, Inc. (NYSE:ARCH) by 38.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,835 shares of the energy company’s stock after selling 2,358 shares during the quarter. SG Americas Securities LLC’s holdings in Arch Resources were worth $542,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of ARCH. FMR LLC increased its position in shares of Arch Resources by 159.5% in 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. Geode Capital Management LLC boosted its position in Arch Resources by 0.7% during the 3rd quarter. Geode Capital Management LLC now owns 413,811 shares of the energy company’s stock worth $57,183,000 after purchasing an additional 3,073 shares during the period. Holocene Advisors LP increased its holdings in Arch Resources by 422.4% in the 3rd quarter. Holocene Advisors LP now owns 250,349 shares of the energy company’s stock valued at $34,588,000 after purchasing an additional 202,425 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in Arch Resources by 6.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 190,202 shares of the energy company’s stock valued at $26,278,000 after purchasing an additional 11,884 shares during the period. Finally, Regal Partners Ltd lifted its stake in shares of Arch Resources by 23.5% during the third quarter. Regal Partners Ltd now owns 163,105 shares of the energy company’s stock worth $22,535,000 after purchasing an additional 31,076 shares in the last quarter. Hedge funds and other institutional investors own 88.14% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on ARCH shares. 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. StockNews.com initiated coverage on shares of Arch Resources in a research note on Thursday. They set a “hold” rating on the stock. Jefferies Financial Group raised shares of 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 report on Monday, January 6th. Finally, Piper Sandler raised shares of Arch Resources from a “neutral” rating to an “overweight” rating and lowered their price target for the company from $165.00 to $150.00 in a report on Monday, January 6th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $167.17.

Arch Resources Price Performance

ARCH stock opened at $134.83 on Friday. The company has a market capitalization of $2.44 billion, a PE ratio of 14.16 and a beta of 0.69. The stock’s 50 day moving average is $146.93 and its two-hundred day moving average is $142.65. Arch Resources, Inc. has a 52-week low of $116.44 and a 52-week high of $187.60.

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

Arch Resources Dividend Announcement

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

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.