Financial Strategies Group Inc. Buys 411 Shares of Arch Resources, Inc. (NYSE:ARCH)

Financial Strategies Group Inc. lifted its stake in Arch Resources, Inc. (NYSE:ARCH) by 15.0% in the 4th quarter, HoldingsChannel reports. The fund owned 3,145 shares of the energy company’s stock after purchasing an additional 411 shares during the quarter. Financial Strategies Group Inc.’s holdings in Arch Resources were worth $421,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the stock. KBC Group NV raised its position in shares of Arch Resources by 42.0% in the 4th quarter. KBC Group NV now owns 808 shares of the energy company’s stock worth $114,000 after acquiring an additional 239 shares in the last quarter. Blue Trust Inc. raised its position in shares of Arch Resources by 187.7% in the 4th quarter. Blue Trust Inc. now owns 2,814 shares of the energy company’s stock worth $389,000 after acquiring an additional 1,836 shares in the last quarter. Trium Capital LLP bought a new position in shares of Arch Resources in the 4th quarter worth $21,109,000. Accurate Wealth Management LLC raised its position in shares of Arch Resources by 33.8% in the 4th quarter. Accurate Wealth Management LLC now owns 12,409 shares of the energy company’s stock worth $1,661,000 after acquiring an additional 3,132 shares in the last quarter. Finally, GAMMA Investing LLC raised its position in shares of Arch Resources by 340.5% in the 4th quarter. GAMMA Investing LLC now owns 185 shares of the energy company’s stock worth $26,000 after acquiring an additional 143 shares in the last quarter. 88.14% of the stock is owned by institutional investors.

Arch Resources Stock Performance

Arch Resources stock opened at $134.83 on Monday. The business’s 50-day simple moving average is $146.15 and its two-hundred day simple moving average is $142.21. The company has a market cap of $2.44 billion, a PE ratio of 14.16 and a beta of 0.69. Arch Resources, Inc. has a fifty-two week low of $116.44 and a fifty-two week high of $187.60.

Arch Resources (NYSE:ARCH) last issued 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). Arch Resources had a return on equity of 13.22% and a net margin of 6.69%. The company had revenue of $617.90 million during the quarter, compared to analysts’ expectations of $587.71 million. During the same quarter in the previous year, the company earned $3.91 EPS. The firm’s quarterly revenue was down 17.0% compared to the same quarter last year. As a group, analysts predict that Arch Resources, Inc. will post 5.02 EPS for the current fiscal year.

Arch Resources Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 26th. Stockholders of record on Friday, November 15th were paid a $0.25 dividend. The ex-dividend date 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 10.50%.

Wall Street Analyst Weigh In

ARCH has been the topic of several recent analyst reports. Benchmark reaffirmed a “buy” rating and set a $180.00 target price on shares of Arch Resources in a research report on Monday, November 18th. Piper Sandler raised Arch Resources from a “neutral” rating to an “overweight” rating and reduced their target price for the company from $165.00 to $150.00 in a research report on Monday, January 6th. StockNews.com initiated coverage on Arch Resources in a research report on Thursday. They set a “hold” rating on the stock. Finally, Jefferies Financial Group raised Arch Resources from a “hold” rating to a “buy” rating and reduced their target price for the company from $165.00 to $150.00 in a research report on Monday, January 6th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, Arch Resources presently has a consensus rating of “Moderate Buy” and a consensus price target of $167.17.

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.