Holocene Advisors LP Purchases 202,425 Shares of Arch Resources, Inc. (NYSE:ARCH)

Holocene Advisors LP grew its position in shares of Arch Resources, Inc. (NYSE:ARCH) by 422.4% during the third quarter, HoldingsChannel.com reports. The firm owned 250,349 shares of the energy company’s stock after purchasing an additional 202,425 shares during the period. Holocene Advisors LP’s holdings in Arch Resources were worth $34,588,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in ARCH. Intech Investment Management LLC acquired a new stake in Arch Resources in the third quarter valued at $1,488,000. Comerica Bank grew its position in shares of Arch Resources by 29.6% in the 1st quarter. Comerica Bank now owns 22,551 shares of the energy company’s stock valued at $3,626,000 after buying an additional 5,153 shares during the last quarter. Envestnet Asset Management Inc. acquired a new stake in shares of Arch Resources in the second quarter valued at about $8,700,000. Allspring Global Investments Holdings LLC raised its position in shares of Arch Resources by 437.6% during the third quarter. Allspring Global Investments Holdings LLC now owns 62,433 shares of the energy company’s stock worth $8,626,000 after acquiring an additional 50,819 shares during the last quarter. Finally, Maverick Capital Ltd. lifted its stake in shares of Arch Resources by 55.8% in the third quarter. Maverick Capital Ltd. now owns 9,795 shares of the energy company’s stock worth $1,353,000 after acquiring an additional 3,510 shares during the period. 88.14% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. StockNews.com began coverage on shares of Arch Resources in a report on Wednesday, November 27th. They set a “hold” rating for the company. Benchmark restated a “buy” rating and issued a $180.00 target price on shares of Arch Resources in a report on Monday, November 18th. B. Riley decreased their price target on Arch Resources from $198.00 to $188.00 and set a “buy” rating for the company in a report on Friday, September 6th. Finally, Jefferies Financial Group downgraded 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. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $173.60.

Arch Resources Trading Down 1.8 %

NYSE:ARCH opened at $168.80 on Tuesday. The firm has a fifty day simple moving average of $152.00 and a two-hundred day simple moving average of $148.39. Arch Resources, Inc. has a 12 month low of $116.44 and a 12 month high of $187.60. The stock has a market capitalization of $3.06 billion, a price-to-earnings ratio of 17.73 and a beta of 0.59.

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). The firm had revenue of $617.90 million during the quarter, compared to the consensus estimate of $587.71 million. Arch Resources had a net margin of 6.69% and a return on equity of 13.22%. The business’s quarterly revenue was down 17.0% on a year-over-year basis. During the same period in the previous year, the firm earned $3.91 earnings per share. Equities analysts predict that Arch Resources, Inc. will post 5.86 earnings per share for the current fiscal year.

Arch Resources Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 26th. Investors of record on Friday, November 15th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.59%. The ex-dividend date was Friday, November 15th. Arch Resources’s dividend payout ratio is currently 10.50%.

Insider Activity at Arch Resources

In other Arch Resources news, VP Deck Slone sold 253 shares of Arch Resources stock in a transaction dated Monday, October 14th. The stock was sold at an average price of $144.75, for a total transaction 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 5.40% of the stock is currently owned by insiders.

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.