Sanctuary Advisors LLC Buys 238 Shares of Arch Resources, Inc. (NYSE:ARCH)

Sanctuary Advisors LLC boosted its stake in shares of Arch Resources, Inc. (NYSE:ARCH) by 10.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,554 shares of the energy company’s stock after acquiring an additional 238 shares during the quarter. Sanctuary Advisors LLC’s holdings in Arch Resources were worth $353,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Quest Partners LLC bought a new position in Arch Resources in the third quarter worth approximately $50,000. KBC Group NV grew its stake in Arch Resources by 43.3% in the third quarter. KBC Group NV now owns 569 shares of the energy company’s stock worth $79,000 after purchasing an additional 172 shares in the last quarter. Blue Trust Inc. grew its stake in Arch Resources by 191.1% in the third quarter. Blue Trust Inc. now owns 978 shares of the energy company’s stock worth $149,000 after purchasing an additional 642 shares in the last quarter. Westchester Capital Management LLC bought a new position in Arch Resources in the third quarter worth approximately $157,000. Finally, Mackenzie Financial Corp bought a new position in Arch Resources in the second quarter worth approximately $218,000. 88.14% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have weighed in on ARCH shares. 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 report on Friday, September 6th. Jefferies Financial Group lowered Arch Resources from a “buy” rating to a “hold” rating and upped their target price for the stock from $155.00 to $165.00 in a report on Wednesday, November 13th. StockNews.com started coverage on Arch Resources in a report on Saturday, December 21st. They set a “hold” rating for the company. Finally, Benchmark restated a “buy” rating and set a $180.00 target price on shares of Arch Resources in a report on Monday, November 18th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $173.60.

Insider Activity

In related news, VP Deck Slone sold 253 shares of the firm’s stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $144.75, for a total value of $36,621.75. Following the transaction, the vice president now directly owns 29,120 shares of the company’s stock, valued at approximately $4,215,120. This trade represents a 0.86 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 5.40% of the company’s stock.

Arch Resources Price Performance

NYSE ARCH opened at $136.56 on Friday. The stock’s fifty day moving average price is $155.75 and its 200 day moving average price is $146.11. Arch Resources, Inc. has a 1 year low of $116.44 and a 1 year high of $187.60. The company has a market cap of $2.47 billion, a price-to-earnings ratio of 14.34 and a beta of 0.64.

Arch Resources (NYSE:ARCH) last announced its quarterly earnings results on Tuesday, November 5th. The energy company reported ($0.34) earnings per share for the quarter, missing the consensus estimate of $1.83 by ($2.17). The company had revenue of $617.90 million for 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%. Arch Resources’s revenue for the quarter was down 17.0% on a year-over-year basis. During the same period in the prior year, the business posted $3.91 earnings per share. Research analysts expect that Arch Resources, Inc. will post 5.86 earnings per share for the current year.

Arch Resources Dividend Announcement

The firm also recently announced 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. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.73%. The ex-dividend date was Friday, November 15th. Arch Resources’s dividend payout ratio (DPR) is presently 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.