Arch Resources, Inc. (NYSE:ARCH) Shares Sold by Pacer Advisors Inc.

Pacer Advisors Inc. decreased its holdings in Arch Resources, Inc. (NYSE:ARCH) by 45.6% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 460,166 shares of the energy company’s stock after selling 386,033 shares during the period. Pacer Advisors Inc.’s holdings in Arch Resources were worth $64,985,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of ARCH. GAMMA Investing LLC raised its holdings in shares of Arch Resources by 340.5% during the 4th quarter. GAMMA Investing LLC now owns 185 shares of the energy company’s stock valued at $26,000 after buying an additional 143 shares during the period. Quest Partners LLC acquired a new stake in Arch Resources in the third quarter valued at approximately $50,000. KBC Group NV grew its position in Arch Resources by 43.3% in the third quarter. KBC Group NV now owns 569 shares of the energy company’s stock valued at $79,000 after acquiring an additional 172 shares in the last quarter. Blue Trust Inc. raised its stake in shares of Arch Resources by 191.1% during the third quarter. Blue Trust Inc. now owns 978 shares of the energy company’s stock valued at $149,000 after purchasing an additional 642 shares during the period. Finally, Westchester Capital Management LLC acquired a new position in shares of Arch Resources during the third quarter worth $157,000. 88.14% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

ARCH has been the topic of several analyst reports. StockNews.com assumed coverage on shares of Arch Resources in a research note on Wednesday, January 22nd. They set a “hold” rating on the stock. Piper Sandler raised Arch Resources from a “neutral” rating to an “overweight” rating and dropped their target price for the stock from $165.00 to $150.00 in a research report on Monday, January 6th. Benchmark reiterated a “buy” rating and issued a $180.00 price target on shares of Arch Resources in a research note on Monday, November 18th. Finally, Jefferies Financial Group upgraded Arch Resources from a “hold” rating to a “buy” rating and lowered their price objective for the company from $165.00 to $150.00 in a research note on Monday, January 6th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, Arch Resources currently has a consensus rating of “Moderate Buy” and an average price target of $167.17.

Arch Resources Price Performance

Shares of Arch Resources stock opened at $134.83 on Tuesday. The business has a 50-day moving average price of $149.65 and a 200 day moving average price of $143.12. Arch Resources, Inc. has a fifty-two week low of $116.44 and a fifty-two week high of $187.60. The firm has a market cap of $2.44 billion, a P/E ratio of 14.16 and a beta of 0.69.

Arch Resources (NYSE:ARCH) last posted its quarterly earnings results 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). 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 analyst estimates of $587.71 million. During the same period in the prior year, the company posted $3.91 earnings per share. The business’s revenue was down 17.0% on a year-over-year basis. As a group, equities research analysts anticipate that Arch Resources, Inc. will post 5.02 earnings per share for the current year.

Arch Resources Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 26th. Stockholders of record on Friday, November 15th were given a $0.25 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.74%. Arch Resources’s payout ratio is currently 10.50%.

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.