Arch Resources, Inc. (NYSE:ARCH) Stock Holdings Increased by Bank of New York Mellon Corp

Bank of New York Mellon Corp increased its holdings in Arch Resources, Inc. (NYSE:ARCH) by 1.7% during the second quarter, Holdings Channel reports. The firm owned 176,014 shares of the energy company’s stock after purchasing an additional 2,910 shares during the period. Bank of New York Mellon Corp’s holdings in Arch Resources were worth $26,795,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in ARCH. Truist Financial Corp raised its holdings in shares of Arch Resources by 16.4% in the 4th quarter. Truist Financial Corp now owns 9,322 shares of the energy company’s stock worth $1,547,000 after purchasing an additional 1,312 shares in the last quarter. Russell Investments Group Ltd. increased its position in shares of Arch Resources by 4.6% in the fourth quarter. Russell Investments Group Ltd. now owns 19,413 shares of the energy company’s stock worth $3,222,000 after acquiring an additional 849 shares in the last quarter. Swiss National Bank purchased a new position in shares of Arch Resources in the fourth quarter worth approximately $5,642,000. Teacher Retirement System of Texas increased its position in shares of Arch Resources by 14.4% in the fourth quarter. Teacher Retirement System of Texas now owns 13,925 shares of the energy company’s stock worth $2,311,000 after acquiring an additional 1,754 shares in the last quarter. Finally, Qsemble Capital Management LP purchased a new position in shares of Arch Resources in the fourth quarter worth approximately $212,000. 88.14% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

ARCH has been the topic of several analyst reports. StockNews.com initiated coverage on shares of Arch Resources in a research report on Saturday, August 31st. They issued a “hold” rating on the stock. B. Riley lifted their target price on shares of Arch Resources from $192.00 to $198.00 and gave the stock a “buy” rating in a research report on Monday, July 29th. Finally, Benchmark reissued a “buy” rating and issued a $180.00 target price on shares of Arch Resources in a research report on Friday, July 26th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $178.25.

Arch Resources Price Performance

Shares of Arch Resources stock opened at $128.41 on Thursday. The firm has a fifty day simple moving average of $142.32 and a 200-day simple moving average of $155.84. The company has a current ratio of 2.54, a quick ratio of 1.77 and a debt-to-equity ratio of 0.07. Arch Resources, Inc. has a 1-year low of $116.44 and a 1-year high of $187.60. The stock has a market capitalization of $2.33 billion, a price-to-earnings ratio of 7.55 and a beta of 0.64.

Arch Resources (NYSE:ARCH) last issued its quarterly earnings data on Thursday, July 25th. The energy company reported $0.81 earnings per share 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 firm had revenue of $608.75 million during the quarter, compared to analyst estimates of $562.23 million. During the same quarter in the previous year, the firm posted $4.04 earnings per share. Arch Resources’s quarterly revenue was down 19.6% compared to the same quarter last year. On average, sell-side analysts expect that Arch Resources, Inc. will post 12.74 earnings per share for the current year.

Arch Resources Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 13th. Stockholders of record on Friday, August 30th will be paid 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 is Friday, August 30th. Arch Resources’s payout ratio is 5.88%.

Arch Resources 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.