Goehring & Rozencwajg Associates LLC Acquires 6,600 Shares of Arch Resources, Inc. (NYSE:ARCH)

Goehring & Rozencwajg Associates LLC grew its holdings in Arch Resources, Inc. (NYSE:ARCH) by 13.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 55,181 shares of the energy company’s stock after purchasing an additional 6,600 shares during the period. Arch Resources comprises about 1.7% of Goehring & Rozencwajg Associates LLC’s investment portfolio, making the stock its 24th biggest holding. Goehring & Rozencwajg Associates LLC owned 0.30% of Arch Resources worth $8,400,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Vanguard Group Inc. increased its position in shares of Arch Resources by 13.9% during the 1st quarter. Vanguard Group Inc. now owns 2,347,568 shares of the energy company’s stock valued at $377,465,000 after purchasing an additional 286,359 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Arch Resources by 6.4% during the second quarter. Dimensional Fund Advisors LP now owns 973,208 shares of the energy company’s stock valued at $148,146,000 after buying an additional 58,821 shares during the last quarter. Maple Rock Capital Partners Inc. increased its holdings in Arch Resources by 3.0% during the first quarter. Maple Rock Capital Partners Inc. now owns 522,439 shares of the energy company’s stock valued at $84,003,000 after buying an additional 15,000 shares during the last quarter. American Century Companies Inc. raised its position in Arch Resources by 14.1% in the second quarter. American Century Companies Inc. now owns 478,990 shares of the energy company’s stock worth $72,917,000 after acquiring an additional 59,072 shares during the period. Finally, Gendell Jeffrey L grew its position in shares of Arch Resources by 5.4% during the 1st quarter. Gendell Jeffrey L now owns 301,039 shares of the energy company’s stock valued at $48,404,000 after acquiring an additional 15,558 shares during the period. Institutional investors own 88.14% of the company’s stock.

Arch Resources Stock Performance

Shares of ARCH opened at $124.64 on Thursday. The company has a quick ratio of 1.77, a current ratio of 2.54 and a debt-to-equity ratio of 0.07. The business has a 50-day simple moving average of $134.81 and a two-hundred day simple moving average of $152.95. The stock has a market cap of $2.26 billion, a price-to-earnings ratio of 7.33 and a beta of 0.60. Arch Resources, Inc. has a 52 week low of $116.44 and a 52 week high of $187.60.

Arch Resources (NYSE:ARCH) last released its earnings results on Thursday, July 25th. The energy company reported $0.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.31 by ($0.50). Arch Resources had a return on equity of 17.91% and a net margin of 9.24%. The business had revenue of $608.75 million for the quarter, compared to analysts’ expectations of $562.23 million. During the same quarter in the prior year, the business posted $4.04 EPS. The business’s revenue for the quarter was down 19.6% compared to the same quarter last year. On average, analysts expect that Arch Resources, Inc. will post 10.73 EPS for the current year.

Arch Resources Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.80%. The ex-dividend date of this dividend was Friday, August 30th. Arch Resources’s dividend payout ratio is currently 5.88%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. StockNews.com began coverage on Arch Resources in a report on Monday. They issued a “hold” rating on the stock. Benchmark restated a “buy” rating and issued a $180.00 price target on shares of Arch Resources in a research report on Friday, July 26th. Finally, B. Riley reduced their price target 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. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $175.75.

About Arch Resources

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.