Arch Resources, Inc. (NYSE:ARCH) Shares Bought by Gallacher Capital Management LLC

Gallacher Capital Management LLC lifted its stake in shares of Arch Resources, Inc. (NYSE:ARCH) by 5.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,877 shares of the energy company’s stock after purchasing an additional 147 shares during the quarter. Gallacher Capital Management LLC’s holdings in Arch Resources were worth $438,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. CWM LLC grew its stake in Arch Resources by 132.0% during the 2nd quarter. CWM LLC now owns 174 shares of the energy company’s stock worth $26,000 after buying an additional 99 shares during the last quarter. Lindbrook Capital LLC boosted its holdings in shares of Arch Resources by 99.0% during the first quarter. Lindbrook Capital LLC now owns 201 shares of the energy company’s stock valued at $32,000 after acquiring an additional 100 shares during the period. Newbridge Financial Services Group Inc. grew its position in shares of Arch Resources by 1,900.0% during the fourth quarter. Newbridge Financial Services Group Inc. now owns 200 shares of the energy company’s stock worth $33,000 after acquiring an additional 190 shares during the last quarter. Blue Trust Inc. increased 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 period. Finally, Innealta Capital LLC bought a new stake in Arch Resources in the 2nd quarter valued at about $55,000. Institutional investors own 88.14% of the company’s stock.

Arch Resources Trading Down 3.3 %

Arch Resources stock opened at $120.29 on Friday. 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 $2.18 billion, a PE ratio of 7.08 and a beta of 0.60. The firm has a 50 day simple moving average of $141.20 and a 200-day simple moving average of $155.33. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.54 and a quick ratio of 1.77.

Arch Resources (NYSE:ARCH) last issued its quarterly earnings results on Thursday, July 25th. The energy company reported $0.81 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.31 by ($0.50). Arch Resources had a net margin of 9.24% and a return on equity of 17.91%. The firm had revenue of $608.75 million for the quarter, compared to the consensus estimate of $562.23 million. During the same period in the previous year, the business posted $4.04 earnings per share. The business’s revenue for the quarter was down 19.6% compared to the same quarter last year. As a group, equities research analysts expect that Arch Resources, Inc. will post 12.74 EPS for the current fiscal year.

Arch Resources Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 13th. Investors of record on Friday, August 30th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.83%. The ex-dividend date is Friday, August 30th. Arch Resources’s payout ratio is currently 5.88%.

Analyst Upgrades and Downgrades

Several research analysts have commented on ARCH shares. StockNews.com assumed coverage on shares of Arch Resources in a research report on Sunday. They issued a “hold” rating for the company. Benchmark reissued a “buy” rating and issued a $180.00 price objective on shares of Arch Resources in a report on Friday, July 26th. Finally, B. Riley lowered their target price on Arch Resources from $198.00 to $188.00 and set a “buy” rating on the stock in a research report on Friday. Three 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.com, Arch Resources has an average rating of “Hold” and a consensus target price of $175.75.

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.