Blue Trust Inc. Purchases 642 Shares of Arch Resources, Inc. (NYSE:ARCH)

Blue Trust Inc. raised its position in Arch Resources, Inc. (NYSE:ARCH) by 191.1% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 978 shares of the energy company’s stock after acquiring an additional 642 shares during the quarter. Blue Trust Inc.’s holdings in Arch Resources were worth $149,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. Nisa Investment Advisors LLC lifted its holdings in Arch Resources by 5.1% in the second quarter. Nisa Investment Advisors LLC now owns 1,856 shares of the energy company’s stock valued at $283,000 after acquiring an additional 90 shares during the period. CWM LLC raised its stake in shares of Arch Resources by 132.0% in the second quarter. CWM LLC now owns 174 shares of the energy company’s stock worth $26,000 after buying an additional 99 shares during the period. AlphaMark Advisors LLC raised its stake in shares of Arch Resources by 6.6% in the second quarter. AlphaMark Advisors LLC now owns 1,956 shares of the energy company’s stock worth $298,000 after buying an additional 121 shares during the period. Linden Thomas Advisory Services LLC raised its stake in shares of Arch Resources by 1.4% in the second quarter. Linden Thomas Advisory Services LLC now owns 9,475 shares of the energy company’s stock worth $1,442,000 after buying an additional 127 shares during the period. Finally, Hsbc Holdings PLC raised its stake in shares of Arch Resources by 6.5% in the second quarter. Hsbc Holdings PLC now owns 2,250 shares of the energy company’s stock worth $343,000 after buying an additional 137 shares during the period. Institutional investors own 88.14% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on ARCH. B. Riley decreased their price objective on Arch Resources from $198.00 to $188.00 and set a “buy” rating on the stock in a research note on Friday, September 6th. StockNews.com began coverage on Arch Resources in a research note on Saturday. They issued a “hold” rating on the stock. Finally, Benchmark reaffirmed a “buy” rating and issued a $180.00 price objective on shares of Arch Resources in a research note on Friday, July 26th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, Arch Resources has a consensus rating of “Hold” and a consensus price target of $175.75.

Arch Resources Stock Performance

NYSE:ARCH opened at $142.21 on Monday. 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 12-month low of $116.44 and a 12-month high of $187.60. The stock has a 50-day moving average price of $133.25 and a 200 day moving average price of $148.01. The stock has a market capitalization of $2.58 billion, a P/E ratio of 8.37 and a beta of 0.60.

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. Equities research analysts forecast that Arch Resources, Inc. will post 8.62 EPS for the current fiscal year.

Insider Buying and Selling

In other Arch Resources news, VP Deck Slone sold 253 shares of the firm’s stock in a transaction that occurred on Monday, October 14th. The stock was sold at an average price of $144.75, for a total transaction of $36,621.75. Following the completion of the transaction, the vice president now owns 29,120 shares in the company, valued at $4,215,120. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 5.40% of the stock is currently owned by company insiders.

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.