TD Asset Management Inc Takes $578,000 Position in Arch Resources, Inc. (NYSE:ARCH)

TD Asset Management Inc acquired a new position in shares of Arch Resources, Inc. (NYSE:ARCH) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 3,800 shares of the energy company’s stock, valued at approximately $578,000.

A number of other institutional investors have also recently bought and sold shares of ARCH. Principal Financial Group Inc. boosted its position in shares of Arch Resources by 23.7% during the fourth quarter. Principal Financial Group Inc. now owns 13,940 shares of the energy company’s stock worth $2,313,000 after purchasing an additional 2,675 shares in the last quarter. Avantax Advisory Services Inc. bought a new position in Arch Resources during the fourth quarter worth about $242,000. Dynamic Technology Lab Private Ltd grew its stake in Arch Resources by 135.2% in the fourth quarter. Dynamic Technology Lab Private Ltd now owns 3,999 shares of the energy company’s stock valued at $664,000 after acquiring an additional 2,299 shares during the period. Trexquant Investment LP bought a new stake in shares of Arch Resources in the fourth quarter worth about $3,147,000. Finally, Balboa Wealth Partners raised its position in shares of Arch Resources by 30.2% during the fourth quarter. Balboa Wealth Partners now owns 2,578 shares of the energy company’s stock worth $428,000 after purchasing an additional 598 shares during the period. Institutional investors and hedge funds own 88.14% of the company’s stock.

Wall Street Analyst Weigh In

ARCH has been the topic of a number of research reports. Benchmark reaffirmed a “buy” rating and issued a $180.00 price target on shares of Arch Resources in a research note on Friday, July 26th. B. Riley reduced their price objective 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, StockNews.com began coverage on Arch Resources in a research note on Monday. They issued a “hold” rating on the stock. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $175.75.

Arch Resources Price Performance

NYSE:ARCH opened at $128.13 on Monday. The stock’s 50-day simple moving average is $136.86 and its 200 day simple moving average is $153.71. Arch Resources, Inc. has a 52-week low of $116.44 and a 52-week high of $187.60. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.77 and a current ratio of 2.54. The company has a market cap of $2.32 billion, a P/E ratio of 7.54 and a beta of 0.60.

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

Arch Resources Dividend Announcement

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

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.