Jade Capital Advisors LLC Invests $691,000 in Arch Resources, Inc. (NYSE:ARCH)

Jade Capital Advisors LLC purchased a new stake in shares of Arch Resources, Inc. (NYSE:ARCH) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 5,000 shares of the energy company’s stock, valued at approximately $691,000.

Several other large investors have also recently bought and sold shares of the business. Vanguard Group Inc. lifted its position in Arch Resources by 13.9% in the 1st quarter. Vanguard Group Inc. now owns 2,347,568 shares of the energy company’s stock worth $377,465,000 after buying an additional 286,359 shares in the last quarter. Pacer Advisors Inc. raised its holdings in shares of Arch Resources by 13.6% during the second quarter. Pacer Advisors Inc. now owns 1,001,093 shares of the energy company’s stock worth $152,396,000 after acquiring an additional 119,505 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Arch Resources by 6.4% during 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. Maple Rock Capital Partners Inc. boosted its position in Arch Resources by 3.0% during the first quarter. Maple Rock Capital Partners Inc. now owns 522,439 shares of the energy company’s stock valued at $84,003,000 after purchasing an additional 15,000 shares during the last quarter. Finally, American Century Companies Inc. grew its stake in Arch Resources by 14.1% in the second quarter. American Century Companies Inc. now owns 478,990 shares of the energy company’s stock valued at $72,917,000 after purchasing an additional 59,072 shares in the last quarter. 88.14% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

ARCH has been the subject of a number of recent research reports. StockNews.com initiated coverage on Arch Resources in a research note on Friday. They set a “hold” rating for the company. Benchmark restated 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 reduced 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 note on Friday, September 6th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, Arch Resources currently has a consensus rating of “Hold” and an average target price of $175.75.

Insider Activity

In related news, VP Deck Slone sold 253 shares of the business’s 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 of the company’s stock, valued at approximately $4,215,120. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 5.40% of the stock is currently owned by company insiders.

Arch Resources Price Performance

Shares of NYSE:ARCH opened at $142.50 on Tuesday. The stock has a market capitalization of $2.58 billion, a P/E ratio of 8.38 and a beta of 0.60. The business has a 50-day moving average of $131.92 and a two-hundred day moving average of $148.32. Arch Resources, Inc. has a fifty-two week low of $116.44 and a fifty-two week high of $187.60. 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 announced its quarterly earnings results on Thursday, July 25th. The energy company reported $0.81 EPS for the quarter, missing the consensus estimate of $1.31 by ($0.50). Arch Resources had a net margin of 9.24% and a return on equity of 17.91%. The company had revenue of $608.75 million for the quarter, compared to analyst estimates of $562.23 million. During the same quarter last year, the business earned $4.04 EPS. The company’s revenue for the quarter was down 19.6% on a year-over-year basis. On average, equities research analysts predict that Arch Resources, Inc. will post 8.62 EPS for the current fiscal year.

Arch Resources Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.70%. The ex-dividend date was Friday, August 30th. Arch Resources’s dividend payout ratio (DPR) is 5.88%.

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.