Arch Resources, Inc. (NYSE:ARCH) Shares Purchased by Public Sector Pension Investment Board

Public Sector Pension Investment Board raised its stake in shares of Arch Resources, Inc. (NYSE:ARCH) by 5.9% in the 2nd quarter, Holdings Channel reports. The fund owned 39,880 shares of the energy company’s stock after acquiring an additional 2,230 shares during the quarter. Public Sector Pension Investment Board’s holdings in Arch Resources were worth $6,071,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Principal Financial Group Inc. raised its stake 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 during the last quarter. Olympiad Research LP acquired a new position in Arch Resources in the 4th quarter valued at $305,000. Crestline Management LP raised its position in Arch Resources by 49.6% during the 4th quarter. Crestline Management LP now owns 44,296 shares of the energy company’s stock worth $7,350,000 after buying an additional 14,696 shares during the last quarter. Goehring & Rozencwajg Associates LLC lifted its stake in shares of Arch Resources by 4.4% in the 4th quarter. Goehring & Rozencwajg Associates LLC now owns 45,251 shares of the energy company’s stock worth $7,509,000 after acquiring an additional 1,915 shares during the period. Finally, GeoSphere Capital Management LLC boosted its holdings in shares of Arch Resources by 5.4% in the fourth quarter. GeoSphere Capital Management LLC now owns 49,472 shares of the energy company’s stock valued at $8,209,000 after acquiring an additional 2,538 shares in the last quarter. 88.14% of the stock is owned by institutional investors and hedge funds.

Arch Resources Trading Down 1.0 %

Shares of ARCH opened at $133.28 on Thursday. Arch Resources, Inc. has a twelve month low of $116.44 and a twelve month high of $187.60. The company has a current ratio of 2.54, a quick ratio of 1.77 and a debt-to-equity ratio of 0.07. The firm has a market capitalization of $2.41 billion, a P/E ratio of 7.84 and a beta of 0.60. The firm’s 50-day moving average is $131.83 and its two-hundred day moving average is $151.16.

Arch Resources (NYSE:ARCH) last released its quarterly earnings results 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 prior year, the company earned $4.04 EPS. The business’s revenue was down 19.6% on a year-over-year basis. On average, research analysts predict that Arch Resources, Inc. will post 10.73 earnings per share for the current fiscal year.

Arch Resources Announces Dividend

The company also recently declared 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 0.75%. The ex-dividend date was Friday, August 30th. Arch Resources’s dividend payout ratio is currently 5.88%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. B. Riley cut their price target on shares of Arch Resources from $198.00 to $188.00 and set a “buy” rating for the company in a report on Friday, September 6th. StockNews.com started coverage on Arch Resources in a research report on Tuesday. They set a “hold” rating on the stock. Finally, Benchmark reissued a “buy” rating and issued a $180.00 price target on shares of Arch Resources in a report on Friday, July 26th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, Arch Resources currently has an average rating of “Hold” and a consensus price target of $175.75.

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.