K.J. Harrison & Partners Inc Buys New Shares in Arch Resources, Inc. (NYSE:ARCH)

K.J. Harrison & Partners Inc purchased a new position in shares of Arch Resources, Inc. (NYSE:ARCH) in the 4th quarter, Holdings Channel.com reports. The fund purchased 9,000 shares of the energy company’s stock, valued at approximately $1,493,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Glenorchy Capital Ltd acquired a new stake in Arch Resources during the fourth quarter worth about $1,997,000. Wedge Capital Management L L P NC increased its stake in Arch Resources by 9.0% during the fourth quarter. Wedge Capital Management L L P NC now owns 37,425 shares of the energy company’s stock worth $6,210,000 after acquiring an additional 3,080 shares during the last quarter. Significant Wealth Partners LLC acquired a new stake in Arch Resources during the fourth quarter worth about $355,000. River Road Asset Management LLC boosted its position in shares of Arch Resources by 26.6% in the fourth quarter. River Road Asset Management LLC now owns 31,341 shares of the energy company’s stock worth $5,201,000 after buying an additional 6,593 shares during the period. Finally, Mackenzie Financial Corp boosted its position in shares of Arch Resources by 17.0% in the fourth quarter. Mackenzie Financial Corp now owns 2,600 shares of the energy company’s stock worth $431,000 after buying an additional 378 shares during the period. 88.14% of the stock is currently owned by institutional investors and hedge funds.

Arch Resources Stock Down 0.6 %

ARCH traded down $1.01 on Friday, reaching $164.42. The company’s stock had a trading volume of 368,800 shares, compared to its average volume of 471,477. The stock has a market cap of $3.00 billion, a price-to-earnings ratio of 6.84 and a beta of 0.68. Arch Resources, Inc. has a 1 year low of $102.42 and a 1 year 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. The business’s 50 day moving average is $164.08 and its 200 day moving average is $163.64.

Arch Resources (NYSE:ARCH) last issued its quarterly earnings results on Thursday, April 25th. The energy company reported $2.98 EPS for the quarter, beating analysts’ consensus estimates of $2.79 by $0.19. The firm had revenue of $680.19 million during the quarter, compared to the consensus estimate of $596.52 million. Arch Resources had a return on equity of 32.20% and a net margin of 14.75%. Arch Resources’s revenue for the quarter was down 21.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $10.02 earnings per share. As a group, research analysts forecast that Arch Resources, Inc. will post 14.84 EPS for the current fiscal year.

Arch Resources Cuts Dividend

The firm also recently declared a None dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 31st will be issued a $1.11 dividend. This represents a yield of 0.6%. The ex-dividend date is Friday, May 31st. Arch Resources’s dividend payout ratio is currently 4.16%.

Insider Activity at Arch Resources

In other Arch Resources news, VP Paul T. Demzik sold 4,451 shares of the stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $178.40, for a total transaction of $794,058.40. Following the transaction, the vice president now owns 2,192 shares of the company’s stock, valued at approximately $391,052.80. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other Arch Resources news, Chairman John W. Eaves sold 72,946 shares of the stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $185.03, for a total transaction of $13,497,198.38. Following the transaction, the chairman now owns 136,725 shares of the company’s stock, valued at approximately $25,298,226.75. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, VP Paul T. Demzik sold 4,451 shares of the stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $178.40, for a total value of $794,058.40. Following the transaction, the vice president now directly owns 2,192 shares in the company, valued at approximately $391,052.80. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 104,335 shares of company stock valued at $19,126,100. Insiders own 5.40% of the company’s stock.

Wall Street Analyst Weigh In

ARCH has been the subject of several analyst reports. BMO Capital Markets reaffirmed a “market perform” rating and issued a $165.00 target price (down previously from $180.00) on shares of Arch Resources in a research report on Wednesday, April 10th. Benchmark reaffirmed a “buy” rating and issued a $180.00 target price on shares of Arch Resources in a research report on Monday. StockNews.com downgraded Arch Resources from a “buy” rating to a “hold” rating in a research report on Thursday, March 7th. Citigroup reaffirmed a “neutral” rating and issued a $170.00 target price (down previously from $185.00) on shares of Arch Resources in a research report on Thursday, April 18th. Finally, B. Riley decreased their target price on Arch Resources from $198.00 to $193.00 and set a “buy” rating for the company in a research report on Monday, April 15th. Three research 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 an average price target of $177.00.

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.