Arch Resources, Inc. (NYSE:ARCH) Stock Holdings Lowered by Chicago Partners Investment Group LLC

Chicago Partners Investment Group LLC cut its holdings in shares of Arch Resources, Inc. (NYSE:ARCH) by 17.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 12,897 shares of the energy company’s stock after selling 2,652 shares during the period. Chicago Partners Investment Group LLC owned approximately 0.07% of Arch Resources worth $1,812,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in ARCH. FMR LLC boosted its stake in shares of Arch Resources by 159.5% during the 3rd quarter. FMR LLC now owns 657,654 shares of the energy company’s stock worth $90,862,000 after acquiring an additional 404,249 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Arch Resources by 0.7% during the third quarter. Geode Capital Management LLC now owns 413,811 shares of the energy company’s stock valued at $57,183,000 after purchasing an additional 3,073 shares during the last quarter. Holocene Advisors LP boosted its position in shares of Arch Resources by 422.4% in the 3rd quarter. Holocene Advisors LP now owns 250,349 shares of the energy company’s stock valued at $34,588,000 after purchasing an additional 202,425 shares during the period. Charles Schwab Investment Management Inc. increased its stake in Arch Resources by 6.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 190,202 shares of the energy company’s stock worth $26,278,000 after purchasing an additional 11,884 shares in the last quarter. Finally, Regal Partners Ltd raised its holdings in Arch Resources by 23.5% during the 3rd quarter. Regal Partners Ltd now owns 163,105 shares of the energy company’s stock worth $22,535,000 after buying an additional 31,076 shares during the period. 88.14% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have commented on ARCH. Piper Sandler upgraded shares of Arch Resources from a “neutral” rating to an “overweight” rating and decreased their target price for the stock from $165.00 to $150.00 in a report on Monday, January 6th. Jefferies Financial Group raised shares of Arch Resources from a “hold” rating to a “buy” rating and decreased their price objective for the stock from $165.00 to $150.00 in a research note on Monday, January 6th. Benchmark reissued a “buy” rating and set a $180.00 target price on shares of Arch Resources in a research note on Monday, November 18th. Finally, StockNews.com began coverage on Arch Resources in a research report on Thursday. They issued a “hold” rating for the company. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, Arch Resources has an average rating of “Moderate Buy” and a consensus price target of $167.17.

Arch Resources Price Performance

Arch Resources stock opened at $134.83 on Friday. Arch Resources, Inc. has a 12 month low of $116.44 and a 12 month high of $187.60. The stock has a market cap of $2.44 billion, a P/E ratio of 14.16 and a beta of 0.69. The company’s fifty day simple moving average is $146.15 and its 200-day simple moving average is $142.46.

Arch Resources (NYSE:ARCH) last issued its earnings results on Tuesday, November 5th. The energy company reported ($0.34) earnings per share for the quarter, missing the consensus estimate of $1.83 by ($2.17). The firm had revenue of $617.90 million during the quarter, compared to analyst estimates of $587.71 million. Arch Resources had a return on equity of 13.22% and a net margin of 6.69%. The business’s revenue for the quarter was down 17.0% on a year-over-year basis. During the same period in the previous year, the company earned $3.91 earnings per share. On average, equities research analysts expect that Arch Resources, Inc. will post 5.02 earnings per share for the current fiscal year.

Arch Resources Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 26th. Shareholders of record on Friday, November 15th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.74%. The ex-dividend date of this dividend was Friday, November 15th. Arch Resources’s dividend payout ratio (DPR) is presently 10.50%.

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.