Arch Resources, Inc. (NYSE:ARCH) Shares Acquired by Regal Partners Ltd

Regal Partners Ltd boosted its stake in Arch Resources, Inc. (NYSE:ARCH) by 23.5% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 163,105 shares of the energy company’s stock after purchasing an additional 31,076 shares during the period. Arch Resources makes up 2.0% of Regal Partners Ltd’s portfolio, making the stock its 17th largest position. Regal Partners Ltd’s holdings in Arch Resources were worth $22,535,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ARCH. Vanguard Group Inc. raised its holdings in Arch Resources by 13.9% during the first quarter. Vanguard Group Inc. now owns 2,347,568 shares of the energy company’s stock worth $377,465,000 after purchasing an additional 286,359 shares in the last quarter. Pacer Advisors Inc. lifted its holdings in shares of Arch Resources by 13.6% in the 2nd 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 period. First Eagle Investment Management LLC purchased a new stake in shares of Arch Resources in the second quarter valued at approximately $11,813,000. American Century Companies Inc. grew its holdings in Arch Resources by 14.1% during the second 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. Finally, Dimensional Fund Advisors LP raised its position in Arch Resources by 6.4% in the second quarter. Dimensional Fund Advisors LP now owns 973,208 shares of the energy company’s stock worth $148,146,000 after acquiring an additional 58,821 shares in the last quarter. 88.14% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Arch Resources news, VP Deck Slone sold 253 shares of the business’s stock in a transaction on Monday, October 14th. The stock was 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. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 5.40% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts have commented on ARCH shares. Jefferies Financial Group lowered shares of Arch Resources from a “buy” rating to a “hold” rating and boosted their target price for the stock from $155.00 to $165.00 in a research report on Wednesday. B. Riley dropped their target price on shares of Arch Resources from $198.00 to $188.00 and set a “buy” rating for the company in a report on Friday, September 6th. Benchmark reissued a “buy” rating and set a $180.00 price target on shares of Arch Resources in a research note on Friday, July 26th. Finally, StockNews.com initiated coverage on Arch Resources in a report on Monday. They set a “hold” rating for the company. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, Arch Resources currently has a consensus rating of “Hold” and a consensus target price of $173.60.

Arch Resources Stock Performance

ARCH stock opened at $164.87 on Thursday. The stock’s 50 day moving average price is $139.54 and its 200 day moving average price is $147.39. The firm has a market cap of $2.99 billion, a P/E ratio of 17.35 and a beta of 0.59. Arch Resources, Inc. has a 1 year low of $116.44 and a 1 year high of $187.60.

Arch Resources (NYSE:ARCH) last posted its quarterly earnings data 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 for the quarter, compared to analysts’ expectations of $587.71 million. During the same quarter in the prior year, the business posted $3.91 EPS. The company’s revenue for the quarter was down 17.0% compared to the same quarter last year. On average, research analysts predict that Arch Resources, Inc. will post 5.86 earnings per share for the current year.

Arch Resources Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 26th. Investors of record on Friday, November 15th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.61%. The ex-dividend date is Friday, November 15th. Arch Resources’s payout ratio is 10.50%.

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.