Westchester Capital Management LLC Purchases Shares of 1,133 Arch Resources, Inc. (NYSE:ARCH)

Westchester Capital Management LLC purchased a new stake in Arch Resources, Inc. (NYSE:ARCH) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 1,133 shares of the energy company’s stock, valued at approximately $157,000.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Nisa Investment Advisors LLC raised its holdings in Arch Resources by 5.1% in the 2nd quarter. Nisa Investment Advisors LLC now owns 1,856 shares of the energy company’s stock worth $283,000 after acquiring an additional 90 shares during the period. CWM LLC increased 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 purchasing an additional 99 shares during the period. AlphaMark Advisors LLC lifted its position in shares of Arch Resources by 6.6% during the 2nd quarter. AlphaMark Advisors LLC now owns 1,956 shares of the energy company’s stock worth $298,000 after purchasing an additional 121 shares during the last quarter. Linden Thomas Advisory Services LLC lifted its position in shares of Arch Resources by 1.4% during the 2nd quarter. Linden Thomas Advisory Services LLC now owns 9,475 shares of the energy company’s stock worth $1,442,000 after purchasing an additional 127 shares during the last quarter. Finally, Hsbc Holdings PLC boosted its stake in Arch Resources by 6.5% during the 2nd quarter. Hsbc Holdings PLC now owns 2,250 shares of the energy company’s stock valued at $343,000 after purchasing an additional 137 shares during the period. 88.14% of the stock is currently owned by institutional investors and hedge funds.

Arch Resources Stock Down 0.8 %

NYSE ARCH opened at $171.92 on Friday. Arch Resources, Inc. has a twelve month low of $116.44 and a twelve month high of $187.60. The stock has a market cap of $3.11 billion, a P/E ratio of 18.06 and a beta of 0.59. The company’s 50-day simple moving average is $151.19 and its 200 day simple moving average is $148.44.

Arch Resources (NYSE:ARCH) last released its quarterly earnings data on Tuesday, November 5th. The energy company reported ($0.34) earnings per share for the quarter, missing analysts’ consensus estimates of $1.83 by ($2.17). The company 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%. The firm’s revenue for the quarter was down 17.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.91 earnings per share. Research analysts anticipate that Arch Resources, Inc. will post 5.86 earnings per share for the current year.

Arch Resources Announces Dividend

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. The ex-dividend date of this dividend was Friday, November 15th. This represents a $1.00 annualized dividend and a yield of 0.58%. Arch Resources’s dividend payout ratio is currently 10.50%.

Analyst Ratings Changes

Several brokerages have commented on ARCH. Jefferies Financial Group downgraded Arch Resources from a “buy” rating to a “hold” rating and lifted their price target for the stock from $155.00 to $165.00 in a research report on Wednesday, November 13th. Benchmark restated a “buy” rating and set a $180.00 price objective on shares of Arch Resources in a report on Monday, November 18th. B. Riley decreased 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. Finally, StockNews.com began coverage on Arch Resources in a report on Wednesday. They issued a “hold” rating for the company. Four investment 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 currently has an average rating of “Hold” and a consensus target price of $173.60.

Insider Buying and Selling at Arch Resources

In other news, VP Deck Slone sold 253 shares of Arch Resources stock in a transaction that occurred 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 owns 29,120 shares in the company, valued at approximately $4,215,120. The trade was a 0.86 % decrease in their ownership of the stock. The transaction 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.

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.