Forest Avenue Capital Management LP Has $15.17 Million Holdings in Arch Resources, Inc. (NYSE:ARCH)

Forest Avenue Capital Management LP lowered its stake in Arch Resources, Inc. (NYSE:ARCH) by 12.5% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 109,820 shares of the energy company’s stock after selling 15,633 shares during the period. Arch Resources makes up 1.8% of Forest Avenue Capital Management LP’s holdings, making the stock its 20th biggest holding. Forest Avenue Capital Management LP owned 0.61% of Arch Resources worth $15,173,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of ARCH. CWM LLC raised its holdings in Arch Resources by 132.0% in the 2nd quarter. CWM LLC now owns 174 shares of the energy company’s stock valued at $26,000 after buying an additional 99 shares during the last quarter. Quest Partners LLC acquired a new stake in Arch Resources in the 3rd quarter valued at $50,000. Blue Trust Inc. raised its holdings in shares of Arch Resources by 5,500.0% in the 2nd quarter. Blue Trust Inc. now owns 336 shares of the energy company’s stock worth $54,000 after acquiring an additional 330 shares during the last quarter. Innealta Capital LLC bought a new position in shares of Arch Resources in the second quarter valued at approximately $55,000. Finally, KBC Group NV lifted its stake in Arch Resources by 43.3% during the 3rd 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. 88.14% of the stock is owned by institutional investors.

Arch Resources Stock Down 0.7 %

Shares of NYSE ARCH opened at $174.37 on Wednesday. Arch Resources, Inc. has a 52-week low of $116.44 and a 52-week high of $187.60. The company has a market cap of $3.16 billion, a PE ratio of 18.32 and a beta of 0.59. The firm’s 50-day moving average price is $148.48 and its 200-day moving average price is $148.01.

Arch Resources (NYSE:ARCH) last posted its quarterly 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 business had revenue of $617.90 million during the quarter, compared to analysts’ expectations of $587.71 million. During the same period in the prior year, the firm posted $3.91 earnings per share. The firm’s revenue for the quarter was down 17.0% on a year-over-year basis. As a group, equities research analysts anticipate that Arch Resources, Inc. will post 5.86 EPS for the current fiscal year.

Arch Resources Announces Dividend

The company 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. This represents a $1.00 annualized dividend and a dividend yield of 0.57%. The ex-dividend date of this dividend was Friday, November 15th. Arch Resources’s dividend payout ratio is currently 10.50%.

Insider Activity at Arch Resources

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 value of $36,621.75. Following the completion of the sale, 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 position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 5.90% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. StockNews.com started coverage on shares of Arch Resources in a research report on Wednesday. They set a “hold” rating for the company. Jefferies Financial Group cut shares of 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 research note on Wednesday, November 13th. Benchmark restated a “buy” rating and issued a $180.00 target price on shares of Arch Resources in a research note on Monday, November 18th. Finally, B. Riley cut their target price 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. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $173.60.

Arch Resources 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.