Denali Advisors LLC Takes Position in Arch Resources, Inc. (NYSE:ARCH)

Denali Advisors LLC purchased a new position in Arch Resources, Inc. (NYSE:ARCH) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 15,100 shares of the energy company’s stock, valued at approximately $2,428,000. Denali Advisors LLC owned 0.08% of Arch Resources at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Acadian Asset Management LLC acquired a new stake in Arch Resources in the 3rd quarter worth about $65,000. AQR Capital Management LLC raised its position in Arch Resources by 4.5% in the third quarter. AQR Capital Management LLC now owns 66,190 shares of the energy company’s stock valued at $11,296,000 after purchasing an additional 2,872 shares during the period. Advisors Asset Management Inc. raised its stake in shares of Arch Resources by 35.3% in the 3rd quarter. Advisors Asset Management Inc. now owns 62,030 shares of the energy company’s stock valued at $10,586,000 after acquiring an additional 16,185 shares during the period. KGH Ltd purchased a new position in shares of Arch Resources during the third quarter worth $18,431,000. Finally, Seven Eight Capital LP acquired a new stake in shares of Arch Resources during the third quarter worth about $466,000. Hedge funds and other institutional investors own 88.14% of the company’s stock.

Arch Resources Stock Performance

ARCH stock traded down $0.76 during trading on Wednesday, hitting $166.84. 282,770 shares of the company’s stock traded hands, compared to its average volume of 408,758. The stock has a fifty day moving average price of $161.81 and a two-hundred day moving average price of $165.62. The company has a quick ratio of 1.89, a current ratio of 2.64 and a debt-to-equity ratio of 0.07. Arch Resources, Inc. has a 52 week low of $108.25 and a 52 week high of $187.60. The stock has a market capitalization of $3.02 billion, a price-to-earnings ratio of 9.81 and a beta of 0.64.

Arch Resources (NYSE:ARCH) last released its quarterly earnings data on Monday, April 29th. The energy company reported $2.98 earnings per share for the quarter, topping analysts’ consensus estimates of $2.79 by $0.19. The business had revenue of $680.19 million for the quarter, compared to analysts’ expectations of $596.52 million. Arch Resources had a net margin of 10.89% and a return on equity of 22.32%. The company’s revenue for the quarter was down 21.8% compared to the same quarter last year. During the same quarter last year, the company earned $10.02 EPS. As a group, equities analysts anticipate that Arch Resources, Inc. will post 12.82 EPS for the current fiscal year.

Arch Resources Cuts Dividend

The company also recently declared a None dividend, which was paid on Friday, June 14th. Stockholders of record on Friday, May 31st were given a dividend of $1.11 per share. This represents a dividend yield of 0.6%. The ex-dividend date was Friday, May 31st. Arch Resources’s dividend payout ratio (DPR) is presently 5.88%.

Analyst Ratings Changes

ARCH has been the topic of a number of recent analyst reports. Benchmark reissued a “buy” rating and issued a $180.00 price objective on shares of Arch Resources in a research report on Monday, April 22nd. B. Riley lowered their price target on shares of Arch Resources from $198.00 to $193.00 and set a “buy” rating on the stock in a research note on Monday, April 15th. Citigroup reaffirmed a “neutral” rating and issued a $170.00 price objective (down from $185.00) on shares of Arch Resources in a research note on Thursday, April 18th. StockNews.com cut shares of Arch Resources from a “buy” rating to a “hold” rating in a research report on Thursday, March 7th. Finally, BMO Capital Markets reissued a “market perform” rating and issued a $165.00 price target (down from $180.00) on shares of Arch Resources in a report on Wednesday, April 10th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, Arch Resources has an average 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.