Arch Resources, Inc. (NYSE:ARCH) Shares Purchased by Geode Capital Management LLC

Geode Capital Management LLC boosted its holdings in shares of Arch Resources, Inc. (NYSE:ARCH) by 0.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 413,811 shares of the energy company’s stock after buying an additional 3,073 shares during the period. Geode Capital Management LLC owned approximately 2.28% of Arch Resources worth $57,183,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ARCH. 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 valued at $152,396,000 after buying an additional 119,505 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in Arch Resources by 6.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 973,208 shares of the energy company’s stock valued at $148,146,000 after purchasing an additional 58,821 shares during the last quarter. FMR LLC increased its holdings in shares of Arch Resources by 159.5% in the third quarter. FMR LLC now owns 657,654 shares of the energy company’s stock valued at $90,862,000 after purchasing an additional 404,249 shares during the period. American Century Companies Inc. raised its stake in shares of 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 purchasing an additional 59,072 shares during the last quarter. Finally, Holocene Advisors LP lifted its holdings in shares of Arch Resources by 422.4% during the third quarter. Holocene Advisors LP now owns 250,349 shares of the energy company’s stock worth $34,588,000 after purchasing an additional 202,425 shares during the period. 88.14% of the stock is currently owned by hedge funds and other institutional investors.

Arch Resources Stock Performance

ARCH stock opened at $137.73 on Monday. Arch Resources, Inc. has a one year low of $116.44 and a one year high of $187.60. The firm’s fifty day moving average is $156.34 and its 200 day moving average is $146.84. The firm has a market cap of $2.49 billion, a PE ratio of 14.47 and a beta of 0.64.

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

Arch Resources Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 26th. Stockholders of record on Friday, November 15th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.73%. The ex-dividend date of this dividend was Friday, November 15th. Arch Resources’s payout ratio is 10.50%.

Insider Activity

In other news, VP Deck Slone sold 253 shares of the business’s stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $144.75, for a total transaction of $36,621.75. Following the completion of the sale, the vice president now owns 29,120 shares of the company’s stock, valued at $4,215,120. The trade was a 0.86 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 5.40% of the company’s stock.

Wall Street Analyst Weigh In

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

About Arch Resources

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.