Atom Investors LP Has $2.11 Million Position in Arch Resources, Inc. (NYSE:ARCH)

Atom Investors LP increased its holdings in shares of Arch Resources, Inc. (NYSE:ARCH) by 20.4% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 15,276 shares of the energy company’s stock after purchasing an additional 2,588 shares during the period. Atom Investors LP owned approximately 0.08% of Arch Resources worth $2,111,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. FMR LLC increased its stake in Arch Resources by 159.5% during the third quarter. FMR LLC now owns 657,654 shares of the energy company’s stock valued at $90,862,000 after acquiring an additional 404,249 shares during the period. Pacer Advisors Inc. raised its stake in shares of Arch Resources by 13.6% in the second quarter. Pacer Advisors Inc. now owns 1,001,093 shares of the energy company’s stock valued at $152,396,000 after purchasing an additional 119,505 shares in the last quarter. First Eagle Investment Management LLC bought a new position in Arch Resources in the second quarter worth $11,813,000. Alpine Associates Management Inc. acquired a new stake in Arch Resources during the third quarter worth $8,404,000. Finally, American Century Companies Inc. increased its holdings in Arch Resources by 14.1% in the 2nd quarter. American Century Companies Inc. now owns 478,990 shares of the energy company’s stock valued at $72,917,000 after buying an additional 59,072 shares during the period. Institutional investors own 88.14% of the company’s stock.

Arch Resources Trading Down 1.8 %

Shares of Arch Resources stock opened at $168.80 on Tuesday. The stock has a market capitalization of $3.06 billion, a price-to-earnings ratio of 17.73 and a beta of 0.59. The firm’s 50-day moving average price is $152.00 and its two-hundred day moving average price is $148.39. Arch Resources, Inc. has a 1-year low of $116.44 and a 1-year high of $187.60.

Arch Resources (NYSE:ARCH) last announced its earnings results on Tuesday, November 5th. The energy company reported ($0.34) EPS for the quarter, missing the consensus estimate 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 analyst estimates of $587.71 million. During the same period in the previous year, the firm earned $3.91 earnings per share. The firm’s revenue was down 17.0% compared to the same quarter last year. As a group, equities research analysts predict that Arch Resources, Inc. will post 5.86 EPS for the current year.

Arch Resources Announces Dividend

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

Insider Activity

In other news, VP Deck Slone sold 253 shares of the company’s stock in a transaction that occurred on Monday, October 14th. The shares were sold at an average price of $144.75, for a total transaction of $36,621.75. Following the transaction, the vice president now directly owns 29,120 shares in the company, valued at approximately $4,215,120. This represents a 0.86 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 5.40% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on ARCH. Benchmark reaffirmed a “buy” rating and set a $180.00 price objective on shares of Arch Resources in a report on Monday, November 18th. Jefferies Financial Group lowered shares of Arch Resources from a “buy” rating to a “hold” rating and increased their price target for the stock from $155.00 to $165.00 in a research report on Wednesday, November 13th. StockNews.com started coverage on Arch Resources in a report on Wednesday, November 27th. They set a “hold” rating on the stock. Finally, B. Riley lowered their price objective on Arch Resources from $198.00 to $188.00 and set a “buy” rating on the stock in a research note on Friday, September 6th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, Arch Resources currently has a consensus 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.