Regal Partners Ltd Raises Stock Position in Arch Resources, Inc. (NYSE:ARCH)

Regal Partners Ltd grew its position in Arch Resources, Inc. (NYSE:ARCH) by 23.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 163,105 shares of the energy company’s stock after buying an additional 31,076 shares during the period. Arch Resources accounts for approximately 2.0% of Regal Partners Ltd’s investment portfolio, making the stock its 17th largest position. Regal Partners Ltd owned 0.90% of Arch Resources worth $22,535,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in ARCH. CWM LLC lifted its position in Arch Resources by 132.0% in the second quarter. CWM LLC now owns 174 shares of the energy company’s stock valued at $26,000 after buying an additional 99 shares during the last quarter. Blue Trust Inc. lifted its holdings in shares of Arch Resources by 5,500.0% in the 2nd quarter. Blue Trust Inc. now owns 336 shares of the energy company’s stock worth $54,000 after acquiring an additional 330 shares during the last quarter. Innealta Capital LLC purchased a new position in shares of Arch Resources during the 2nd quarter worth approximately $55,000. Headlands Technologies LLC purchased a new stake in Arch Resources in the first quarter valued at approximately $69,000. Finally, Virtus Investment Advisers Inc. acquired a new position in Arch Resources during the first quarter worth $149,000. Hedge funds and other institutional investors own 88.14% of the company’s stock.

Arch Resources Stock Down 1.1 %

Shares of NYSE:ARCH opened at $164.87 on Thursday. Arch Resources, Inc. has a fifty-two week low of $116.44 and a fifty-two week high of $187.60. The stock has a market cap of $2.99 billion, a price-to-earnings ratio of 17.35 and a beta of 0.59. The firm’s 50 day moving average price is $139.54 and its 200 day moving average price is $147.39.

Arch Resources (NYSE:ARCH) last posted 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). The business had revenue of $617.90 million during the quarter, compared to analysts’ expectations of $587.71 million. Arch Resources had a net margin of 6.69% and a return on equity of 13.22%. The business’s quarterly revenue was down 17.0% compared to the same quarter last year. During the same period last year, the company earned $3.91 EPS. On average, equities analysts anticipate that Arch Resources, Inc. will post 5.86 EPS for the current year.

Arch Resources Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 26th. Investors of record on Friday, November 15th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.61%. The ex-dividend date is Friday, November 15th. Arch Resources’s payout ratio is 10.50%.

Insider Activity at Arch Resources

In other Arch Resources news, VP Deck Slone sold 253 shares of the firm’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 sale, the vice president now owns 29,120 shares of the company’s stock, valued at approximately $4,215,120. This trade 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 can be accessed through this link. 5.40% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms recently issued reports on ARCH. Jefferies Financial Group downgraded Arch Resources from a “buy” rating to a “hold” rating and boosted their price objective for the company from $155.00 to $165.00 in a report on Wednesday. StockNews.com began coverage on shares of Arch Resources in a research note on Monday. They issued a “hold” rating for the company. Benchmark reaffirmed a “buy” rating and set a $180.00 target price on shares of Arch Resources in a research note on Friday, July 26th. Finally, B. Riley dropped their price target 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. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average 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.