FCG Investment Co Invests $1.01 Million in Arch Resources, Inc. (NYSE:ARCH)

FCG Investment Co acquired a new stake in Arch Resources, Inc. (NYSE:ARCH) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 7,273 shares of the energy company’s stock, valued at approximately $1,005,000.

Several other institutional investors and hedge funds have also bought and sold shares of ARCH. CWM LLC grew its holdings in Arch Resources by 132.0% during the second quarter. CWM LLC now owns 174 shares of the energy company’s stock worth $26,000 after buying an additional 99 shares in the last quarter. Blue Trust Inc. raised its holdings in Arch Resources by 5,500.0% during the 2nd quarter. Blue Trust Inc. now owns 336 shares of the energy company’s stock valued at $54,000 after acquiring an additional 330 shares during the period. Innealta Capital LLC bought a new stake in Arch Resources during the second quarter valued at approximately $55,000. Headlands Technologies LLC purchased a new position in shares of Arch Resources during the 1st quarter valued at about $69,000. Finally, Virtus Investment Advisers Inc. purchased a new stake in Arch Resources during the first quarter valued at about $149,000. 88.14% of the stock is owned by institutional investors.

Insider Buying and Selling at Arch Resources

In other Arch Resources news, VP Deck Slone sold 253 shares of the company’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 sale, the vice president now owns 29,120 shares of the company’s stock, valued at approximately $4,215,120. This represents a 0.00 % decrease in their ownership of the stock. 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 owned by company insiders.

Arch Resources Price Performance

Arch Resources stock opened at $142.21 on Monday. The company’s fifty day moving average price is $133.25 and its 200 day moving average price is $147.95. Arch Resources, Inc. has a 1 year low of $116.44 and a 1 year high of $187.60. The stock has a market capitalization of $2.58 billion, a P/E ratio of 8.37 and a beta of 0.60. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.77 and a current ratio of 2.54.

Arch Resources (NYSE:ARCH) last released 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). The firm had revenue of $608.75 million for the quarter, compared to analysts’ expectations of $562.23 million. Arch Resources had a return on equity of 17.91% and a net margin of 9.24%. The company’s quarterly revenue was down 19.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $4.04 earnings per share. As a group, equities research analysts anticipate that Arch Resources, Inc. will post 8.62 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently weighed in on ARCH shares. B. Riley cut their price target on shares of Arch Resources from $198.00 to $188.00 and set a “buy” rating on the stock in a report on Friday, September 6th. StockNews.com assumed coverage on Arch Resources in a research report on Saturday. They issued a “hold” rating on the stock. Finally, Benchmark reaffirmed a “buy” rating and issued a $180.00 price objective on shares of Arch Resources in a research note on Friday, July 26th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, Arch Resources currently has an average rating of “Hold” and a consensus target price of $175.75.

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.