Glenorchy Capital Ltd Acquires Shares of 12,032 Arch Resources, Inc. (NYSE:ARCH)

Glenorchy Capital Ltd acquired a new stake in shares of Arch Resources, Inc. (NYSE:ARCH) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 12,032 shares of the energy company’s stock, valued at approximately $1,997,000. Arch Resources comprises about 0.8% of Glenorchy Capital Ltd’s investment portfolio, making the stock its 22nd largest position.

Several other hedge funds and other institutional investors have also made changes to their positions in ARCH. Stratos Wealth Advisors LLC lifted its holdings in shares of Arch Resources by 1.1% in the 4th quarter. Stratos Wealth Advisors LLC now owns 5,599 shares of the energy company’s stock valued at $929,000 after acquiring an additional 63 shares during the last quarter. Covestor Ltd lifted its holdings in shares of Arch Resources by 61.4% in the 3rd quarter. Covestor Ltd now owns 184 shares of the energy company’s stock valued at $31,000 after acquiring an additional 70 shares during the last quarter. Unison Advisors LLC lifted its holdings in shares of Arch Resources by 2.5% in the 4th quarter. Unison Advisors LLC now owns 4,792 shares of the energy company’s stock valued at $795,000 after acquiring an additional 119 shares during the last quarter. Amalgamated Bank raised its position in Arch Resources by 11.4% in the 3rd quarter. Amalgamated Bank now owns 1,826 shares of the energy company’s stock worth $312,000 after purchasing an additional 187 shares during the period. Finally, CVA Family Office LLC purchased a new stake in Arch Resources in the 4th quarter worth about $38,000. Institutional investors own 88.14% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Citigroup reissued a “neutral” rating and issued a $170.00 price objective (down from $185.00) on shares of Arch Resources in a research report on Thursday, April 18th. B. Riley reduced their price objective on shares of Arch Resources from $198.00 to $193.00 and set a “buy” rating on the stock in a research report on Monday, April 15th. BMO Capital Markets reissued a “market perform” rating and issued a $165.00 price objective (down from $180.00) on shares of Arch Resources in a research report on Wednesday, April 10th. Benchmark reissued a “buy” rating and issued a $180.00 price objective on shares of Arch Resources in a research report on Monday. Finally, StockNews.com lowered shares of Arch Resources from a “buy” rating to a “hold” rating in a research report on Thursday, March 7th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $177.00.

Insider Activity at Arch Resources

In related news, CFO Matthew C. Giljum sold 199 shares of Arch Resources stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $169.64, for a total transaction of $33,758.36. Following the transaction, the chief financial officer now directly owns 27,986 shares of the company’s stock, valued at $4,747,545.04. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other Arch Resources news, VP Paul T. Demzik sold 4,451 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $178.40, for a total value of $794,058.40. Following the completion of the sale, the vice president now directly owns 2,192 shares in the company, valued at $391,052.80. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Matthew C. Giljum sold 199 shares of the firm’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $169.64, for a total transaction of $33,758.36. Following the completion of the sale, the chief financial officer now owns 27,986 shares of the company’s stock, valued at $4,747,545.04. The disclosure for this sale can be found here. Insiders have sold a total of 104,335 shares of company stock valued at $19,126,100 over the last ninety days. 5.90% of the stock is owned by company insiders.

Arch Resources Trading Down 2.8 %

Shares of NYSE:ARCH traded down $4.55 during trading on Tuesday, reaching $156.84. 491,107 shares of the company were exchanged, compared to its average volume of 473,056. The firm has a market capitalization of $2.86 billion, a PE ratio of 6.52 and a beta of 0.68. The business’s fifty day simple moving average is $164.30 and its 200-day simple moving average is $163.62. Arch Resources, Inc. has a 12-month low of $102.42 and a 12-month high of $187.60. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.49 and a quick ratio of 1.83.

Arch Resources (NYSE:ARCH) last issued its quarterly earnings data on Thursday, February 15th. The energy company reported $6.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $6.90 by ($0.83). The business had revenue of $774.00 million for the quarter, compared to analysts’ expectations of $704.53 million. Arch Resources had a net margin of 14.75% and a return on equity of 32.20%. The business’s quarterly revenue was down 9.9% compared to the same quarter last year. During the same period in the previous year, the business earned $23.18 earnings per share. On average, research analysts anticipate that Arch Resources, Inc. will post 14.84 EPS for the current year.

Arch Resources Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Thursday, February 29th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.64%. The ex-dividend date was Wednesday, February 28th. Arch Resources’s payout ratio is 4.16%.

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.