Thompson Siegel & Walmsley LLC Purchases 12,364 Shares of Arch Resources, Inc. (NYSE:ARCH)

Thompson Siegel & Walmsley LLC increased its position in shares of Arch Resources, Inc. (NYSE:ARCH) by 33.1% during the 3rd quarter, Holdings Channel reports. The firm owned 49,745 shares of the energy company’s stock after acquiring an additional 12,364 shares during the period. Thompson Siegel & Walmsley LLC’s holdings in Arch Resources were worth $6,873,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of ARCH. CWM LLC boosted its stake in shares of Arch Resources by 132.0% in the second quarter. CWM LLC now owns 174 shares of the energy company’s stock worth $26,000 after acquiring an additional 99 shares during the period. Blue Trust Inc. boosted its stake in 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 purchasing an additional 330 shares during the period. Innealta Capital LLC purchased a new stake in Arch Resources during the 2nd quarter valued at approximately $55,000. Quest Partners LLC bought a new stake in shares of Arch Resources during the third quarter valued at approximately $50,000. Finally, KBC Group NV boosted its position in shares of Arch Resources by 43.3% during the third quarter. KBC Group NV now owns 569 shares of the energy company’s stock worth $79,000 after acquiring an additional 172 shares during the last quarter. Hedge funds and other institutional investors own 88.14% of the company’s stock.

Arch Resources Stock Up 4.3 %

ARCH opened at $174.20 on Friday. The business has a fifty day moving average of $145.66 and a 200 day moving average of $147.89. Arch Resources, Inc. has a 52-week low of $116.44 and a 52-week high of $187.60. The stock has a market cap of $3.15 billion, a P/E ratio of 18.30 and a beta of 0.59.

Arch Resources (NYSE:ARCH) last posted its quarterly earnings results on Tuesday, November 5th. The energy company reported ($0.34) EPS for the quarter, missing analysts’ consensus estimates of $1.83 by ($2.17). The company had revenue of $617.90 million during the quarter, compared to the consensus estimate of $587.71 million. Arch Resources had a return on equity of 13.22% and a net margin of 6.69%. The company’s revenue for the quarter was down 17.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $3.91 earnings per share. Equities analysts anticipate that Arch Resources, Inc. will post 5.86 EPS for the current fiscal year.

Arch Resources Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 26th. Investors of record on Friday, November 15th will be paid a $0.25 dividend. The ex-dividend date is Friday, November 15th. This represents a $1.00 annualized dividend and a yield of 0.57%. Arch Resources’s dividend payout ratio (DPR) is currently 10.50%.

Wall Street Analyst Weigh In

ARCH has been the topic of several research reports. StockNews.com began coverage on Arch Resources in a report on Tuesday. They issued a “hold” rating on the stock. Benchmark reiterated a “buy” rating and set a $180.00 price objective on shares of Arch Resources in a research report on Monday. B. Riley decreased their target price on shares of Arch Resources from $198.00 to $188.00 and set a “buy” rating on the stock in a research report on Friday, September 6th. Finally, Jefferies Financial Group cut Arch Resources from a “buy” rating to a “hold” rating and boosted their price objective for the stock from $155.00 to $165.00 in a research note on Wednesday, November 13th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $173.60.

Insiders Place Their Bets

In other news, VP Deck Slone sold 253 shares of the business’s stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $144.75, for a total value of $36,621.75. Following the completion of the sale, the vice president now owns 29,120 shares in the company, valued at approximately $4,215,120. The trade was a 0.86 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 5.40% of the stock is currently owned by company insiders.

About Arch Resources

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.