Quest Partners LLC Acquires New Stake in Arch Resources, Inc. (NYSE:ARCH)

Quest Partners LLC acquired a new position in shares of Arch Resources, Inc. (NYSE:ARCH) in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 362 shares of the energy company’s stock, valued at approximately $50,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Pacer Advisors Inc. grew its holdings in shares of Arch Resources by 13.6% during 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 in the last quarter. First Eagle Investment Management LLC acquired a new stake in Arch Resources during the second quarter worth approximately $11,813,000. American Century Companies Inc. grew its stake in Arch Resources by 14.1% in the 2nd 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. Dimensional Fund Advisors LP raised its holdings in Arch Resources by 6.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 973,208 shares of the energy company’s stock valued at $148,146,000 after acquiring an additional 58,821 shares during the last quarter. Finally, Envestnet Asset Management Inc. acquired a new position in Arch Resources in the 2nd quarter valued at $8,700,000. Institutional investors and hedge funds own 88.14% of the company’s stock.

Arch Resources Stock Performance

ARCH opened at $171.92 on Friday. Arch Resources, Inc. has a 1 year low of $116.44 and a 1 year high of $187.60. The firm has a 50 day moving average price of $151.19 and a 200 day moving average price of $148.39. The company has a market cap of $3.11 billion, a PE ratio of 18.06 and a beta of 0.59.

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

Arch Resources Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 26th. Shareholders of record on Friday, November 15th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.58%. The ex-dividend date of this dividend was Friday, November 15th. Arch Resources’s dividend payout ratio is presently 10.50%.

Analysts Set New Price Targets

ARCH has been the subject of a number of recent analyst reports. Benchmark reaffirmed a “buy” rating and issued a $180.00 price objective on shares of Arch Resources in a research report on Monday, November 18th. Jefferies Financial Group downgraded shares of Arch Resources from a “buy” rating to a “hold” rating and upped their price objective for the company from $155.00 to $165.00 in a research note on Wednesday, November 13th. B. Riley cut their price objective on shares of Arch Resources from $198.00 to $188.00 and set a “buy” rating on the stock in a report on Friday, September 6th. Finally, StockNews.com initiated coverage on shares of Arch Resources in a research report on Wednesday. They set a “hold” rating for the company. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, Arch Resources currently has an average rating of “Hold” and an average target price of $173.60.

Insider Transactions at Arch Resources

In other news, VP Deck Slone sold 253 shares of the company’s stock in a transaction on Monday, October 14th. The shares were 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 directly owns 29,120 shares in the company, valued at approximately $4,215,120. This represents a 0.86 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 5.40% 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.