StockNews.com Begins Coverage on Arch Resources (NYSE:ARCH)

StockNews.com began coverage on shares of Arch Resources (NYSE:ARCH) in a research report released on Saturday morning. The brokerage issued a hold rating on the energy company’s stock.

A number of other brokerages also recently issued reports on ARCH. Benchmark reaffirmed a “buy” rating and set a $180.00 price target on shares of Arch Resources in a report on Friday, July 26th. B. Riley cut their target price on Arch Resources from $198.00 to $188.00 and set a “buy” rating on the stock in a research report on Friday, September 6th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $175.75.

Arch Resources Trading Up 1.7 %

NYSE ARCH opened at $144.59 on Friday. Arch Resources has a 52 week low of $116.44 and a 52 week high of $187.60. The firm has a 50 day moving average of $133.25 and a two-hundred day moving average of $147.95. 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 stock has a market capitalization of $2.62 billion, a PE ratio of 8.51 and a beta of 0.60.

Insider Activity

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

Hedge Funds Weigh In On Arch Resources

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. CWM LLC grew its stake in shares of Arch Resources by 132.0% in the 2nd quarter. CWM LLC now owns 174 shares of the energy company’s stock valued at $26,000 after purchasing an additional 99 shares during the last quarter. Blue Trust Inc. increased its stake in Arch Resources by 5,500.0% in the 2nd quarter. Blue Trust Inc. now owns 336 shares of the energy company’s stock valued at $54,000 after buying an additional 330 shares during the period. Innealta Capital LLC purchased a new position in Arch Resources during the 2nd quarter worth $55,000. Headlands Technologies LLC purchased a new position in Arch Resources during the 1st quarter worth $69,000. Finally, Virtus Investment Advisers Inc. acquired a new stake in shares of Arch Resources in the 1st quarter worth $149,000. Hedge funds and other institutional investors own 88.14% of the company’s stock.

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.