Arch Resources, Inc. (NYSE:ARCH) Shares Acquired by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC boosted its stake in Arch Resources, Inc. (NYSE:ARCH) by 17.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,390 shares of the energy company’s stock after buying an additional 2,760 shares during the period. Janney Montgomery Scott LLC’s holdings in Arch Resources were worth $2,541,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position in Arch Resources by 13.9% in the first quarter. Vanguard Group Inc. now owns 2,347,568 shares of the energy company’s stock worth $377,465,000 after buying an additional 286,359 shares during the period. Pacer Advisors Inc. increased its position in Arch Resources by 13.6% in the second quarter. Pacer Advisors Inc. now owns 1,001,093 shares of the energy company’s stock worth $152,396,000 after buying an additional 119,505 shares during the period. Dimensional Fund Advisors LP increased its position in Arch Resources by 6.4% in the second quarter. Dimensional Fund Advisors LP now owns 973,208 shares of the energy company’s stock worth $148,146,000 after buying an additional 58,821 shares during the period. Maple Rock Capital Partners Inc. increased its position in Arch Resources by 3.0% in the first quarter. Maple Rock Capital Partners Inc. now owns 522,439 shares of the energy company’s stock worth $84,003,000 after buying an additional 15,000 shares during the period. Finally, American Century Companies Inc. increased 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 buying an additional 59,072 shares during the period. 88.14% of the stock is owned by institutional investors and hedge funds.

Arch Resources Stock Up 1.3 %

Shares of ARCH stock opened at $170.55 on Tuesday. The stock has a 50-day simple moving average of $138.13 and a 200 day simple moving average of $147.34. Arch Resources, Inc. has a fifty-two week low of $116.44 and a fifty-two week high of $187.60. The stock has a market capitalization of $3.09 billion, a P/E ratio of 17.91 and a beta of 0.59.

Arch Resources (NYSE:ARCH) last announced its earnings results on Tuesday, November 5th. The energy company reported ($0.34) earnings per share for the quarter, missing the consensus estimate of $1.83 by ($2.17). Arch Resources had a net margin of 6.69% and a return on equity of 13.22%. The firm had revenue of $617.90 million for the quarter, compared to the consensus estimate of $587.71 million. During the same period in the prior year, the business earned $3.91 EPS. The company’s quarterly revenue was down 17.0% compared to the same quarter last year. On average, sell-side analysts anticipate that Arch Resources, Inc. will post 5.86 earnings per share for the current year.

Arch Resources Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 26th. Investors of record on Friday, November 15th will be paid a dividend of $0.25 per share. The ex-dividend date is Friday, November 15th. This represents a $1.00 annualized dividend and a yield of 0.59%. Arch Resources’s dividend payout ratio is currently 10.50%.

Insider Activity at Arch Resources

In related news, VP Deck Slone sold 253 shares of the stock in a transaction on Monday, October 14th. The stock was sold at an average price of $144.75, for a total value 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 document filed with the SEC, which can be accessed through the SEC website. Company insiders own 5.40% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on ARCH shares. StockNews.com started coverage on Arch Resources in a research report on Monday. They issued a “hold” rating on the stock. B. Riley lowered their price target on Arch Resources from $198.00 to $188.00 and set a “buy” rating on the stock in a report on Friday, September 6th. Finally, Benchmark reissued a “buy” rating and set 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 issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $175.75.

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.